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ARTICLE · 29 DECEMBER 2025

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November 2025 ESG Policy Update—Australia

K&L Gates
K&L Gates
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K&L Gates

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On 6 November 2025, the Australian Securities and Investments Commission (ASIC) announced enforcement actions against two major superannuation funds, for alleged greenwashing in their investment portfolios.

AustraliaCorporate/Commercial Law
Jim Bulling
Jim Bulling
Clive Cachia
Clive Cachia
Alanna Fitzpatrick
Alanna Fitzpatrick
Paul Hardman
Paul Hardman
Lisa Lautier
Lisa Lautier
Adam Levine
Adam Levine
Tom Young
Tom Young
Michael Hain
Michael Hain
Nathan Bodlovich
Nathan Bodlovich
+3 more

AUSTRALIAN UPDATE

ASIC Issues Fines for Misleading Sustainability Claims

On 6 November 2025, the Australian Securities and Investments Commission (ASIC) announced enforcement actions against two major superannuation funds, for alleged greenwashing in their investment portfolios.

One superannuation trustee was fined AU$37,560 after ASIC alleged advertisements on search platforms between April 2021 and December 2024 overstated the trustee's commitment to eliminating carbon emissions. ASIC alleged the trustee contravened section 12DB(1)(a) of the ASIC Act because the statements represented that the trustee had a commitment to remove "all" investment in carbon emissions, however the trustee had no basis to make the representation, as it did not have a commitment during the relevant period to remove all investments in carbon emissions by 2050, rather only a target of net zero scope 1 and 2 carbon emissions across its investment portfolio, by 2050. ASIC Deputy

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