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ASIC's Vanguard greenwashing action results in record $12.9 million penalty
The Federal Court ordered Vanguard Investments Australia to pay a $12.9 million penalty for making misleading claims about ESG exclusionary screens in its Ethically Conscious Global Aggregate Bond Index Fund. Vanguard admitted that its ESG screening was not applied to a significant portion of the fund's holdings, contrary to its representations.
ASIC
Date Added
15 April 2026 at 17:38:24
Why it matters
This is the highest penalty for greenwashing conduct in Australia to date and underscores ASIC's enforcement focus on accurate ESG claims in financial products. It highlights the need for robust verification and disclosure of ESG screening processes.
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