Complaint lodged on potentially misleading statements by Santos Ltd

COURT OR TRIBUNAL

Other

DATE FILED (OR FIRST HEARING DATE)

15/08/2022

LITIGATION TYPE

Corporate Accountability

SUBJECT MATTER

Transparency/disclosure

REVIEW TYPE

Other

SUMMARY

Market Forces (an activist shareholder group) has submitted a formal complaint to ASIC regarding potentially misleading statements at Santos’ annual shareholder meeting in May about how Santos’ plans for new oil and gas projects complied with the IEA's scenarios. Market Forces noted that ASIC has designated greenwashing (including misleading statements about environmental, social and governance claims) as a strategic focus. The group has asked ASIC to review Santos' conduct and consider taking action.

CASE DOCUMENTS

Complaint lodged on potentially misleading statements by Santos Ltd

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