ASIC greenwashing interventions Australia FY 2024
In the 2024 financial year, two civil penalty proceedings relating to greenwashing misconduct in Australia were commenced, with one proceeding finalized in August, resulting in the Federal Court ordering Mercer Superannuation Australia Ltd to pay around 11.3 million Australian dollars in civil penalties. Eight infringement notices relating to greenwashing misconduct were also issued during the period, resulting in 123,840 Australian dollars in infringment notices paid. Alongside this, over 30 unfounded claims were corrected or removed by companies.
