Deutsche Bank Unit CEO Resigns Over Greenwashing Raid ...Middle East

OILPRICE - Economy
Deutsche Bank Unit CEO Resigns Over Greenwashing Raid
source : OILPRICE ( Middle East ) () 24
The CEO of a Deutsche Bank subsidiary resigned Wednesday, just a day after German authorities launched a heavy-handed raid on the company’s offices in Frankfurt over allegations of “greenwashing”.  A whistleblower claimed that DWS, a Deutsche Bank subsidiary managing some $900 billion in assets, misled investors in its 2020 annual report by claiming that more than $450 billion in its assets met environmental, social and governance (ESG) criteria. Deutsche Bank holds an 80% stake in DWS.   On Wednesday, DWS CEO Asoka…

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