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Investment
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Vanguard cops record fine for greenwashing in Australia

The fine tops a recent penalty for Mercer in August.

The Vanguard case is the second of three greenwashing cases before the Federal Court.

The Australian Federal Court has fined global fund manager Vanguard a record A$12.9m ($14m) over ‘greenwashing’ claims on investment products.

The Vanguard fine exceeds the A$11.3m fine handed out to pension giant Mercer Superannuation in August, and the two fines establish new benchmarks in the

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Lachlan Colquhoun Wed, 25 Sep 2024
Contact the Writer: lachlan@nbr.co.nz
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Vanguard cops record fine for greenwashing in Australia
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