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.