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HESTA pays $40k fine for greenwashing
Financial Standard
|November 17, 2025
HESTA has paid $37,560 to comply with two infringement notices issued by ASIC for misleading statements.
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ASIC alleged the $100 billion super fund made misleading statements in paid advertisements about its commitment to removing carbon emissions investments.
ASIC said between 15 April 2021 to 18 December 2024, HESTA placed paid advertisements on the Google and Bing search platforms which stated, 'HESTA is committed to remove all investment in carbon emissions by 2050...'
The advertisement was linked to the ‘Why Join’ page on the HESTA website.
ASIC was concerned that the advertisements represented that HESTA planned to remove all investment in carbon emissions by 2050 when that was not the super fund’s plan.
This story is from the November 17, 2025 edition of Financial Standard.
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