Deutsche Bank Investment Boss Wants to ‘Tone Down’ ESG Hype
- DWS CEO says ESG marketing has been ‘exuberant’ in the past
- Comments come as DWS greenwashing probes remain unresolved
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The chief executive of Deutsche Bank AG’s investment unit, DWS Group, said it’s time to dial back the “exuberant” language used in ESG sales pitches.
Stefan Hoops, who took over as CEO after allegations of greenwashing expedited the departure of his predecessor earlier this year, acknowledged there’s been a need to rethink how DWS markets environmental, social and governance investing opportunities.