{
}
Deutsche Bank’s asset management arm, DWS Group, has been fined €25 million ($27 million) by German prosecutors for greenwashing and negligent infringement related to misleading ESG marketing claims. This follows a three-year investigation revealing that DWS's assertions of being an "ESG leader" were not substantiated by its practices. The fine is part of a broader scrutiny of DWS's ESG commitments, which also included a $19 million penalty from the U.S. Securities and Exchange Commission for similar violations.
[Bloomberg](https://www.bloomberg.com) and [SEC]
Deutsche Bank's asset management arm, DWS, has been fined 25 million euros for misleading advertising related to sustainable products, marking one of the largest penalties for "greenwashing" in Europe. The fine follows allegations from a former executive and extensive investigations revealing that DWS's claims about its ESG commitments were exaggerated. Activists have hailed the penalty as a significant warning to the financial industry about consumer deception and fraud.
Deutsche Bank's asset management arm, DWS, has been fined 25 million euros for misleading advertising related to sustainable financial products, marking one of the largest penalties for "greenwashing" in Europe. The fine follows allegations from a former executive and extensive investigations revealing that DWS's claims about its ESG commitments were exaggerated. Despite accepting the penalty, DWS acknowledged past marketing excesses and stated that improvements have been made, while critics argue the firm has reduced its sustainable finance efforts.
Deutsche Bank-owned asset manager DWS has been fined €25 million ($27 million) for "greenwashing" after misleading investors about its environmental and social governance (ESG) credentials from mid-2020 to January 2023. The firm acknowledged its marketing was overly optimistic and has since improved its internal processes. This penalty follows a $25 million settlement in the U.S. related to similar misstatements and money laundering policy failures.
Deutsche Bank’s DWS has agreed to pay €25 million to settle a German investigation into alleged greenwashing, mirroring a similar US settlement of $19 million with the SEC. Prosecutors found that DWS misrepresented its sustainable finance practices, leading to misleading market perceptions. The firm has acknowledged past marketing excesses and has committed to improving its internal processes.
Deutsche Bank’s asset manager DWS has been fined €25 million by German prosecutors for misleading investors about its green credentials from 2020 to 2023, following a whistleblower complaint. The firm, which is 80% owned by Deutsche Bank, faced scrutiny for its "aggressive" marketing that overstated its sustainable investment leadership. DWS previously settled with the US securities regulator for $19 million, marking the highest penalty related to ESG criteria against an investment adviser.
Desiree Fixler
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Deutsche Bank's DWS fined 27 million dollars for greenwashing practices
Euro
DWS Group GmbH & Co. KGaA
DWS Investment Management Americas Inc.
Deutsche Bank Money Market PP
DEU
USA
Desiree Fixler
Show more
14:53 04.04.2025
DWS agrees to pay 27 million dollars in greenwashing settlement
12:21 03.04.2025
deutsche bank's dws fined 25 million euros for misleading green claims
13:40 02.04.2025
deutsche bank's dws fined 25 million euros for misleading green claims
Euro
United States Dollar
Deutsche Bank Money Market PP
DEU
USA
Asoka Woehrmann
Mauricio Vargas
Desiree Fixler
Show more
13:40 02.04.2025
DWS fined 27 million dollars for misleading green investment claims
13:28 02.04.2025
deutsche bank dws pays 27 million in greenwashing settlement in germany
12:06 02.04.2025
Deutsche Bank's DWS fined 25 million euros over greenwashing allegations
11:30 02.04.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Finance Mergers & Acquisitions
Hedge Funds & Private Equity
Global Trade Developments
Global Financial Events
Market Analysis and Predictions
Financial Scams and Security
Government Policies
CEO Changes
Banking Regulations
Economic Sanctions
Retail and Consumer Goods
Startups & Entrepreneurship
Workplace Trends
Industry Mergers & Acquisitions
International Relations
Government Economic Policies
Central Bank Actions
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
The Goldman Sachs Group, Inc.
Wells Fargo & Company
Bank of America Corporation
Barclays PLC
Apple Inc.
Citigroup Inc.
Morgan Stanley
Berkshire Hathaway Inc.
Microsoft Corporation
SpaceXCoin USD
The Charles Schwab Corporation
AMERICAN EXPRESS
Amazon.com, Inc.
U.S. Bancorp
UBS Group AG
Banco Santander, S.A.
Deutsche Bank Money Market PP
Citizens, Inc.
Currencies:
United States Dollar
Euro
Indian Rupee
Chinese Yuan
Japanese Yen
British Pound Sterling
South Korean Won
Swiss Franc
United Arab Emirates Dirham
Canadian Dollar
Israeli New Shekel
Swedish Krona
Mexican Peso
New Taiwan Dollar
People: