Australian regulator posts greenwashing warning following victory against Vanguard

Australian financial services regulator ASIC says the Federal Court ruling that Vanguard had broken the law said “sends a strong message to companies making sustainable investment claims” (Photo: Lisa Maree Williams/Bloomberg)

Financial watchdog ASIC wins its first civil action for greenwashing, as Australia’s Federal Court rules against asset manager Vanguard over misleading claims

Australia’s financial services regulator, ASIC, has put the asset management sector on notice after securing victory in its civil greenwashing case against Vanguard.

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