There are a host of companies making claims about their environmental credentials.
For ASIC this has been a serious focus as many financial products like super funds have made green claims about how they invest… but simply can’t stack them up.
Vanguard Investments Australia was ordered to pay a record $12.9 million penalty for making misleading claims, Mercer Super was ordered to pay $11.3 million, and Active Super copped a penalty of $10.5 million for greenwashing misconduct.
This episode features:
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Marita Hogan - who’s the Senior Executive Leader, Enforcement and Compliance at ASIC
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Andrei Bacu is an ASIC Analyst with the superannuation team
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Professor Jeremy Moss from the University of New South Wales
ASIC Media Release: 24-061MR ASIC wins first greenwashing civil penalty action against Vanguard | ASIC The podcast and information contained is not intended to be financial advice and consumers should seek independent financial advice on any matters discussed.
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