Australia Court Fines Active Super A$10.5 Million for Greenwashing ESG Investing Claims
As per ESG Today, a federal court in Australia imposed a A$10.5 million (USD$6.7 million) penalty on superannuation fund Active Super trustee LGSS, after finding that the firm had engaged in greenwashing by continuing to invest in securities in areas that it had claimed to eliminate for environmental or social reasons. Read more
UBS Pushes Back Net Zero Target by 10 Years Following Credit Suisse Acquisition
UBS has pushed back its target to achieve net zero greenhouse gas (GHG) emissions in its operations by 10 years to 2035, from its prior 2025 goal, attributing the change largely due to the effect of the bank’s acquisition of Credit Suisse. It was revealed in its 2024 Sustainability Report. (ESG Today) Read more
