Active Super found to have made misleading ESG claims
The Federal Court has found Active Super made misleading representations regarding its ESG credentials, specifically around excluding Russian investments at the time of the Ukraine invasion.
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The Federal Court has found Active Super made misleading representations regarding its ESG credentials, specifically around excluding Russian investments at the time of the Ukraine invasion.
Lisa Darmanin, who has served as chair of the fund since 2021, has announced a new role in politics.
Lisa Darmanin, Vision Super's chair for almost three years, has stepped down to become a Senator for Victoria.
Even before the period covered by the Australian regulators current greenwashing investigation of the $14 billion Australian super fund, it was flouting its own prohibition on gambling investments.
The latest budget papers have outlined a $10 million provision for ASIC greenwashing enforcement activity as well as funds for a sustainable labelling regime to be partially met by industry levies.