Vanguard Fined $9M in Australia’s Largest Greenwashing Penalty
In a landmark ruling, Vanguard Investments Australia Ltd., a unit of the U.S.-based asset management giant Vanguard Group, has been slapped with a record fine of A$12.9 million (approximately $8.9 million USD) by Australia’s Federal Court. The penalty marks the largest greenwashing fine in the country’s history, signaling a robust regulatory crackdown by Australian authorities […]