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AAP
AAP
National
Tara Cosoleto

'Landmark' greenwashing case slugs super giant $11.3m

Mercer
Mercer's "Sustainable Plus" options included investments in fossil fuel production companies. (Joe Castro/AAP PHOTOS)

Australia's corporate watchdog has welcomed a $11.3 million court penalty against a superannuation giant in a "landmark" greenwashing case.

The Australian Securities and Investments Commission last year launched Federal Court proceedings against Mercer Super, accusing it of engaging in greenwashing between November 2021 and March 2023. 

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