Deutsche Financial institution, subsidiary raided over 'greenwashing' claims

BERLIN — Government in Germany raided the workplaces of Deutsche Financial institution and its subsidiary DWS on Tuesday following claims that it used to be exaggerating the sustainable credentials of probably the most merchandise it offered.

German information company dpa quoted Frankfurt prosecutors announcing the probe curious about allegations of funding fraud, however no explicit suspects have been known but.

A former supervisor answerable for sustainability at DWS has claimed that the asset control company exaggerated the environmental and local weather credentials of sure budget – known as ‘greenwashing.’

DWS stated in a commentary that it’s cooperating with ‘all related regulatory government’ at the factor, dpa reported.


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