top of page
Active Super ordered to pay $10.5 million penalty in ASIC’s third greenwashing court action
The Federal Court imposed a $10.5 million penalty against Active Super for greenwashing misconduct. Active Super falsely claimed to exclude certain investments based on ESG screens, but held investments in companies involved in gambling, coal mining, oil tar sands, and Russian entities. The misleading conduct lasted over two years and affected investor confidence.
Australian Securities and Investments Commission
Date Added
15 April 2026 at 19:44:25
Why it matters
This is a major court ruling and enforcement action, sending a strong compliance message to financial services firms about the accuracy of ESG and sustainability claims. It highlights the need for robust systems to ensure truthful environmental marketing.
bottom of page