The Federal Court of Australia has imposed a $10.5m (AUD) penalty on an Australian superannuation fund, in the latest of the Australian Securities and Investments Commission's greenwashing cases to reach the penalty hearing stage. This is the third civil pecuniary penalty awarded for greenwashing against a corporate. ASIC has confirmed that greenwashing enforcement remains a priority for 2025 and further prosecutions are expected.
https://www.esgtoday.com/australia-court-fines-active-super-a10-5-million-for-greenwashing-esg-investing-claims/
