DWS rocked by $1trillion SEC greenwashing probe - reports

clock • 3 min read
DWS rocked by $1trillion SEC greenwashing probe - reports

Deutsche Bank AG's asset-management arm, DWS Group, are under investigation by US Securities and Exchange Commission and federal prosecutors for allegedly overstating its ESG credentials across its $1tn fund range, according to reports. The landmark probe - which will be be heavily scrutinised by the global fund management industry - comes after the DWS's former head of sustainability acted a whistle-blower in an interview with The Wall Street Journal, saying that the company had overstate...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now

 

Already a International Investment member?

Login

Author spotlight

Gary Robinson

Commercial Director, Head of Video at International Investment.