Greenwashing

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The Consumer Policy Research Centre (CPRC), with funding from Energy Consumers Australia, has recently released a report (Misused and Confused: Why information on large appliances falls short) on the practices around the sale of large appliances; specifically focusing on what Australian consumers are looking for (“reliable, affordable products with clear information on repair options, efficiency,…

Read More Misused and Confused – Report Highlights Need for Information and Transparency

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ASIC has made 47 regulatory interventions to address greenwashing misconduct during the 15-month period up to 30 June 2024, including the commencement of two Federal Court proceedings and over $123,000 in infringement notice payments. The range of interventions, outlined in Report 791 ASIC’s interventions on greenwashing misconduct: 2023–2024 (REP 791), are aimed at stamping out misleading and…

Read More ASIC Continues to Focus on Greenwashing

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The Federal Court has found Vanguard Investments Australia contravened the law by making misleading claims about certain environmental, social and governance (ESG) exclusionary screens applied to investments in a Vanguard index fund. At a hearing before Justice O’Bryan on 8 March 2024, Vanguard admitted to engaging in conduct that was liable to mislead the public…

Read More ASIC Wins Greenwashing Case Against Vanguard

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“Making false statements about a product’s environmental or sustainability qualities can mislead consumers, as well as putting the businesses making genuine claims at a competitive disadvantage.”

“It is important that environmental and sustainability claims by businesses are correct as they are a key influence on consumer choices and what people spend their money on,” Ms Carver said.

Read More ACCC Continues Focus on Greenwashing Claims