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AAP
AAP
National
Duncan Murray

Vanguard faces fine for greenwashing 'ethical' fund

Vanguard the Federal Court ASIC Michael OBryan
Fossil fuel businesses were among those supposed to be excluded from Vanguard's fund. (Diego Fedele/AAP PHOTOS)

Investment giant Vanguard could be forced to pay fines approaching its entire annual profit after admitting to misleading investors in a landmark greenwashing case.

The Federal Court ruled in March Vanguard Investments Australia broke consumer laws by making misleading claims about ethical exclusions applied to one of its index funds. 

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