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First blood to ASIC in fight against ‘greenwashing’

Vanguard has admitted to misleading conduct and its penalty will be decided in August.

ASIC has also initiated action against superannuation fund Active Super.

Corporate regulator Australian Securities and Investments Commission (ASIC) has had its first court victory after declaring war on ‘greenwashing’, with the Australian Federal Court finding that funds management giant Vanguard made misleading claims about its ESG screening.

Vanguard admitted to

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Lachlan Colquhoun Thu, 28 Mar 2024
Contact the Writer: lachlan@nbr.co.nz
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First blood to ASIC in fight against ‘greenwashing’
Australia,
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