DWS, Deutsche Bank’s (DB) asset manager, has been fined EUR 25M by German prosecutors over a greenwashing scandal following long-running investigations in the U.S. and Germany, The Financial Times’ Florian Muller reports. Frankfurt prosecutors say DWS misled investors about its green credentials between 2020 and 2023, using “aggressive” advertising that presented it as a leader in sustainable investments, despite “still undergoing a transformation process,” according to the report.
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