Mercer accused of greenwashing by Australian regulator
Investment manager’s ‘Sustainable Plus’ funds did not exclude fossil fuel, alcohol production, gambling companies.
Sustainable investment portfolios often exclude carbon intensive fossil fuel stocks.
Australia’s market regulator has launched legal action over alleged investment greenwashing by Mercer Superannuation, giving an indication of the kind of cases that could also come to the courts in New Zealand as authorities clamp down on mis-labelling of investment funds.
In the first court
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