DWS rejects greenwashing allegations after SEC and BaFin launch probes

In a statement, Deutsche Bank's asset management arm said 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". A spokesperson said: "DWS stands by its annual report disclosures. We firmly reject the allegations being made by a former employee. DWS will continue to remain a steadfast proponent of ESG investing as part of its fiduciary role on behalf of its clients." The firm said it holds a "long tradition of sustainable and responsible investing" and has...