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...

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Gary Robinson

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