ASIC issues infringement notice to Tlou Energy Limited for greenwashing
COURT OR TRIBUNAL
Other
DATE FILED (OR FIRST HEARING DATE)
25/10/2022
LITIGATION TYPE
Corporate Accountability
SUBJECT MATTER
Misleading and deceptive conduct
REVIEW TYPE
N/A
SUMMARY
(Extract from media release)
ASIC has taken its first action for ‘greenwashing’ against listed energy company Tlou Energy Limited (Tlou). Tlou has paid a total of $53,280 to comply with four infringement notices issued by ASIC over concerns about alleged false or misleading sustainability-related statements made to the Australian Securities Exchange (ASX) in October 2021. Payment of an infringement notice is not an admission of guilt or liability.
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