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Ethical Advisers' Co-op
​In the Media

Vanguard’s infringement notices highlight regulator's focus on greenwashing

2/12/2022

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ASIC’s infringement notice against Vanguard for greenwashing, while disappointing, highlights the need for fund managers to ensure any statements about ethical propositions are accurate.

“Greenwashing is a major issue in our financial system, and so we welcome action taken by ASIC to crack down on misleading claims,” says EAC Director Tim Fitzpatrick.

“As ethical investment becomes increasingly mainstream, instances of what financial market regulators have called misleading marketing, poor product design and other types of greenwashing are certainly rising, regardless of whether it is intentional or not.”

This pervasive practice, by which funds falsely claim or exaggerate their environmental, social and governance (ESG) credentials, poses a major threat to the integrity and reputation of the investment industry.

This ‘Leaf Ratings’ analysis was accessed more than 12,500 times over 2021, reflecting an increased level of consumer awareness and concern about the genuine nature of their ethical and sustainable investments.

About Ethical Advisers’ Co-op
EAC advisers managed in excess of $2.72 billion of investment on behalf of their clients at the time of the 2021 annual report, a reflection of the growing demand by consumers for professional and ethical advice to select investments that truly conform to each clients’ ethical, environmental and sustainability values.

The EAC’s Leaf Ratings can be viewed here: https://www.leafratings.org/ 

EAC Spokesperson:
Tim Fitzpatrick | EAC Director
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​The contents of this website are intended as general advice only.  The information provided by the Ethical Advisers Co-operative do not account for any individual’s personal objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice.  The Ethical Advisers Co-operative recommends all users obtain their own independent professional advice from an appropriately qualified financial adviser before making any decision relating to their particular requirements or circumstances. Investing in, or switching between investments or superannuation funds may have unintended financial consequences. 
 
The survey results, and all information contained in this website including all documents, consider only the ethics of each fund and do not include any analysis of fees, performance or financial suitability. The ethical score is subjective and benchmarked against each adviser’s average ethical client. Your ethics may differ. We recommend you speak to an experienced ethical financial adviser for personalised advice before making any decisions. The information provided by the Ethical Advisers Co-operative does not constitute financial advice. The information is presented in order to inform people motivated by ethical, environmental or social concerns. 

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