Active Super made misleading ESG representations: Federal Court
LGSS misled investors by claiming their funds avoided direct investments in controversial industries like tobacco, while ignoring indirect exposure through pooled funds. The court ruled that consumers would not distinguish between these investment methods, finding the omission deceptive. This case highlights how corporations exploit technicalities to mask harmful investments, a core mechanism of greenwashing.
Source: thelawyermag.comPublished on 2024-06-07
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