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“AI and sustainability - cure or curse?”
While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
Author:
Australia | Publication | March 2024
Penalties for many environmental crimes will double under the Environment Protection Legislation Amendment (Stronger Regulation and Penalties) Bill 2024, introduced on 14 March 2024.
Recent criminal investigations into asbestos-contaminated mulch, and a general need to strengthen penalties and deterrence, prompted these changes.
The Bill includes the following increased penalties:
The Bill also grants the following powers to the EPA and the Land and Environment Court:
These amendments clearly signal an increased focus on environmental crime, and in particular, greater scrutiny on waste-related activities.
Whilst the EPA has always had the power to cast a wide net when investigating and prosecuting waste offences, the Bill specifically empowers the EPA to investigate the entire material/waste supply chain, and to order product recalls of potentially contaminated material on an urgent basis.
These sweeping powers make it even more important for businesses who may be on the receiving end of recycled or reprocessed materials to ensure the integrity of all generators and operators along the supply chain.
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While AI can help resolve data issues in sustainable investing, it can create problems such as information breaches and inherent bias in data.
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In this edition of Regulation Around the World we review recent steps that financial services regulatory authorities have taken as regards investment research.
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n a long-running dispute, taking in no less than three arbitrations spanning 26 years cumulatively (involving allegations of state interference in the arbitral process), the Court has provided useful guidance on the ss.67 and 68 challenges, particularly in the context of investor-state claims.
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