Under-fire DWS rejects greenwashing allegations after SEC and BaFin launch probes

clock • 2 min read

DWS has rejected claims it misrepresented its sustainability credentials as US federal prosecutors, the Securities and Exchange Commission (SEC) and German regulator BaFin launch investigations. In a statement, Deutsche Bank's asset management arm, has hit back at the allegations after it's share price fell 13.7% as the news broke globally yesterday (26 August). DWS clarified that while it does not comment on questions relating to litigation or regulatory matters, it "wants to address unfounded allegations being reported in the media on its ESG disclosures". As reported, the firm's...

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