ESG & Investing
Deutsche Bank’s DWS Pays $27 Million in German Greenwashing Case
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Deutsche Bank AG’s investment arm DWS agreed to pay €25 million ($27 million) to end a long-running German investigation into alleged greenwashing, in a similar settlement to the one it struck with US regulators in 2023.
DWS gave a false impression to the markets in its communications about sustainable finance, Frankfurt prosecutors said on Wednesday. The case looked into the same behavior that led to a $19 million penalty agreed with the US Securities and Exchange Commission, they added.