Superannuation giant HESTA has been fined for alleged misleading advertisements about its carbon emissions investments.

The super fund has paid $37,560 for two infringements issued by the financial regulator over greenwashing claims.

HESTA placed paid ads on Google and Bing between April 2021 and December 2024, claiming it "is committed to remove all investment in carbon emissions by 2050".

People who clicked on the link were taken to the fund's "why join" page on its website.

The Australian Securities and Investments Commission fined the organisation over concerns the ads indicated HESTA planned to remove all investments in carbon emissions by 2050, despite that not being the case.

The retirement fund's target was to achieve net-zero carbon emissions across its investment portfolio b

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