ASIC v Vanguard Investments Australia (greenwashing)
civil penalty25 Sept 2024Penalty $12.90M
Respondent
Vanguard Investments Australia Ltd
Facts
Vanguard made misleading representations about ESG exclusionary screens applied to one of its funds, when the screens did not in fact exclude all the categories represented.
Outcome
Federal Court imposed a $12.9 million penalty.
Read the source
https://asic.gov.au/about-asic/news-centre/find-a-media-release/Rules Mate links to the regulator's own publication. We do not republish full decision text. Always verify the latest status against the source before acting.