ASIC accuses Vanguard of greenwashing in $1b-plus bond fund
Despite claiming to screen out fossil fuels, the fund was invested in Chevron, an oil pipeline in the US and Abu Dhabi, and a petroleum company in Chile.
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Despite claiming to screen out fossil fuels, the fund was invested in Chevron, an oil pipeline in the US and Abu Dhabi, and a petroleum company in Chile.
ASIC is taking Vanguard to court over greenwashing allegations relating to a global bond index fund.
Australia’s corporate watchdog has launched court action against investment management giant Vanguard for misleading investors about the green credentials
The Australian regulator accused Vanguard Investment Australia of misrepresenting its ethically conscious global aggregate bond index fund.
Accusing the asset manager of ‘misleading conduct’ in relation to claims about ESG