CCRcorp Sites  

The CCRcorp Network unlocks access to a world of insights, research, guides and information in a range of specialty areas.

Our Sites


A basis for research and practical guidance focusing on federal securities laws, compliance & corporate governance.


An educational service that provides practical guidance on legal issues involving public and private mergers & acquisitions, joint ventures, private equity – and much more.


The “one stop” resource for information about responsible executive compensation practices & disclosure.

Widely recognized as the premier online research platform providing practical guidance on issues involving Section 16 of the Securities Exchange Act of 1934 and all of its related rules.


Keeping you in-the-know on environmental, social and governance developments

The Australian Securities and Investments Commission (ASIC) has announced that it is bringing an enforcement action against Vanguard Investments Australia. The regulator claims in a press release that Vanguard mislead investors regarding their screening processes for ESG funds. Vanguard allegedly made false and misleading statements which led investors to believe that the funds had been screened when they had not. ASIC stated that:

Investments held by the Fund were based on an index called the Bloomberg Barclays MSCI Global Aggregate SRI Exclusions Float Adjusted Index (Index). Vanguard claimed the Index excluded issuers with significant business activities in a range of industries, including those involving fossil fuels. 

However, ASIC alleges that ESG research was not conducted over a significant proportion of issuers of bonds in the Index and therefore the Fund.  

Many investors are seeking ESG-aligned funds that do not invest in emissions-heavy industries like fossil fuels. Financial services firms have begun offering investors these options, but a lack of quality research and consistent application of screening requirements has led to questionable investment products. Last year the US SEC brought a similar enforcement action against BNY Mellon and regulators appear to be taking ESG fund management seriously.

Greenwashing in the financial services sector continues to pose a challenge for sustainable finance. Some jurisdictions have gone beyond basic enforcement action and have implemented strict taxonomies for sustainable investments. However, jurisdictions continue to grapple with the challenges of sustainable finance. Taxonomy laws have proved challenging to implement in the EU, and a similar law in the UK has faced delays.

Back to all blogs

The Editor

Zachary Barlow is a licensed attorney. He earned his JD from the University of Mississippi and has a bachelor’s in Public Policy Leadership. He practiced law at a mid-size firm and handled a wide variety of cases. During this time he assisted in overseeing compliance of a public entity and litigated contract disputes, gaining experience both in and outside of the courtroom. Zachary currently assists the editorial team by providing research and creating content on a spectrum of ESG… View Profile