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ASIC fines Mercer in 'landmark' greenwashing case
02 August 2024The Australian Securities and Investments Commission (ASIC) has fined Mercer Superannuation AUD11.3 million ($7.7 million) for greenwashing, in a case the regulator said was the first of its kind and was a landmark for the financial services industry.
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Australian regulator launches greenwashing litigation against superfund
28 February 2023The Australian regulator has launched court action against 'superfund' Mercer Super for misleading its sustainable fund investors over its involvement in fossil fuels.