3. Cleaning Greenwashing

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:

• Marita Hogan - who’s the Senior Executive Leader, Enforcement and Compliance at ASIC  

• Andrei Bacu is an ASIC Analyst with the superannuation team 

• 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.