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The logo for Vanguard is displayed on a screen on the floor of the NYSE in New York

Vanguard Australia Fined AU$12.9 Million For Misleading Green Investment Claims

Between August 2018 and February 2021, the securities firm claimed to conduct ESG screens for its $1.1 billion Ethically Conscious Global Aggregate Bond Index Fund. However, the federal court found: "Approximately 74% of the securities in the Fund by market value were not researched or screened against applicable ESG (environmental, social, and governance) criteria."

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