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Deutsche Bank’s DWS to Keep ESG Focus After Greenwash Claims

  • Supervisory Board Chairman Von Rohr comments in AGM speech
  • Ex-DWS CEO Woehrmann recently resigned amid greenwash claims
A police vehicle arrives at the DWS Group headquarters during a police raid in Frankfurt, Germany, on May 31.

A police vehicle arrives at the DWS Group headquarters during a police raid in Frankfurt, Germany, on May 31.

Photographer: Alex Kraus/Bloomberg
Updated on

Deutsche Bank AG’s investment unit will keep its focus on sustainability after facing claims of greenwashing that contributed to the resignation of the chief executive officer, according to DWS Group Supervisory Board Chairman Karl von Rohr.

The German lender backs “unconditionally the strategy and financial targets” of DWS, von Rohr, who’s also a deputy Deutsche Bank CEO, said in prepared remarks for the asset manager’s annual general meeting on Thursday. “We’re also keeping the focus on environmental, social and governance issues known as ESG.”