Dugald makes a great point that not everyone's definition of green is the same and gives a good example. Funds have been caught out by being invested in companies that, according to their PDS, they shouldn't. ASIC greenwashing cases will no doubt continue. I can see that PDSs in the future may need to be less binary and state tolerances and ranges for differing types of classifications ..... and not just the typical asset allocation type classifications. i.e. "No more than 2% in Fossil Fuel related stocks with an aim to reduce by 0.5% each year". Or something like that. Wanting to measure and watch their funds get greener over time is an objective for many (most?) investors.