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Deutsche Bank's DWS Hit with €25M Fine for Greenwashing

4/2/2025

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Summary

Story summary

Deutsche Bank's asset management division, DWS, faces a hefty €25 million ($27 million) fine from German prosecutors for misleading sustainability claims, a stark reminder of the consequences of greenwashing. This follows a $19 million penalty from the U.S. SEC. Acknowledging its past missteps, DWS is now committed to enhancing its internal practices.

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Story summary

Deutsche Bank's asset management division, DWS, faces a hefty €25 million ($27 million) fine from German prosecutors for misleading sustainability claims, a stark reminder of the consequences of greenwashing. This follows a $19 million penalty from the U.S. SEC. Acknowledging its past missteps, DWS is now committed to enhancing its internal practices.