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24-121MR Court finds Active Super made misleading ESG claims in a greenwashing action brought by ASIC
The Federal Court found that Active Super (LGSS Pty Limited) made misleading representations about its ESG credentials, including claims that it excluded investments in gambling, coal mining, oil tar sands, and Russian entities, when in fact it held such investments directly and indirectly.
Australian Securities and Investments Commission
Date Added
16 April 2026 at 20:10:29
Why it matters
This ruling reinforces the need for financial product providers to ensure ESG and sustainability claims are accurate and not misleading. It is a significant greenwashing enforcement action in Australia.
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