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The Guardian - AU
The Guardian - AU
Environment
Lisa Cox

Australia’s corporate regulator issues first fine for greenwashing

TLOU ASIC Australian Securities and Investments Commission ASX
Signage for the Australian Securities and Investments Commission
The Australian Securities and Investments Commission has fined Tlou Energy for making misleading statements to the ASX about its green credentials. Photograph: Dean Lewins/AAP

The corporate regulator has issued its first penalty for greenwashing, fining Australian company Tlou Energy $53,280.

The Australian Securities and Investments Commission (Asic) said Tlou, which was developing power projects in parts of Africa, had paid the total for four infringements for making alleged false or misleading sustainability-related statements to the ASX in October last year.

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