ASIC pursues ‘several’ super funds for greenwashing, expects court action

The corporate watchdog is investigating “several” superannuation funds for greenwashing under consumer protection laws and “suspects” these matters will result in court action.

Danielle Press, commissioner of the Australian Securities and Investments Commission, said members of the public were “reporting significant misconduct in this space” and that the compulsory nature of super meant it was taking an especially tough stance.