“Anxiety around greenwashing — mis-stating how climate friendly assets are — is palpable across the industry as fund managers react to German and U.S. investigations of DWS Group.
Though the Deutsche Bank unit says it did nothing wrong, the development has led to a moment of reckoning as fund managers wake up to a new regulatory era in which once fluffy environmental, social and governance definitions are no longer tolerated.”
[COMMENTARY]It’s about time that funds proclaiming their green credentials were duly evaluated for them. Such investigations, and perhaps prosecutions, will create greater confidence for investors that they’re getting what’s advertised.
Deutsche Bank’s ESG Probe Triggers Review at Asset Managers, by Christine Watkins, September 5, 2021, Bloomberg via Sports Grind Entertainment, USA.