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Vanguard fined record AUD12.9m over greenwashing
25 September 2024The Australian federal court has fined Vanguard Investments Australia a record AUD12.9 million ($8.9 million) for making "misleading" ESG claims about exclusionary screens applied to investments in its Vanguard Ethically Conscious Global Aggregate Bond Index Fund.
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Vanguard's Australian arm made 'misleading' ESG claims regarding bond fund, court rules
28 March 2024Vanguard's Australian arm broke the law by "making misleading claims about certain ESG exclusionary screens" applied to investments in a bond index fund, the Australian Federal Court has ruled in a landmark case.