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Australia Court Finds Vanguard Guilty in Greenwashing Suit

ESG Today

A federal court in Australia released a ruling today, finding that Vanguard Investments Australia was guilty of making misleading claims about one of its ESG funds, including failing to exclude investments in companies with fossil fuel activities from the fund as claimed in its communication materials and disclosures.

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BlackRock Launches Multi-Asset ESG Fund, Designed as a “Core Sustainable Holding”

ESG Today

According to BlackRock, the new fund is being introduced following investor demand for an ESG version of the firm’s $15 billion BGF Global Allocation Fund, one of the leading multi-asset portfolios in the EMEA market. The post BlackRock Launches Multi-Asset ESG Fund, Designed as a “Core Sustainable Holding” appeared first on ESG Today.

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Australia Regulator Launches Greenwashing Suit Against Vanguard

ESG Today

Launched by Vanguard in 2018 as part of a new range of ESG funds, the Vanguard Ethically Conscious Global Aggregate Bond Index Fund was designed to offer investors with exposure to international fixed income investments, screened to exclude companies with activities related to areas including fossil fuels, alcohol and tobacco, among others.