DWS doubles down on ESG commitments despite greenwashing scandal

'Presumption of innocence'

clock • 3 min read
Dr. Asoka Wöhrmann now former chief executive of DWS
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Dr. Asoka Wöhrmann now former chief executive of DWS

Addressing shareholders at its AGM on Thursday morning, DWS stood firm on its commitments to sustainable and ESG investing in the face of claims of them greenwashing products, culminating in a police raid last week.

DWS chief executive Dr. Asoka Woehrmann, said that DWS had "clearly positioned itself to make ESG a core part of its strategy", a mission he said had never been a "secret" or "that we had already reached our goal". Woehrmann said that there were "pressures" and "changes" around sustainable investing as "definition of sustainable energy today is more complex and even more multi-layered than it was just a few months ago". However, despite those challenges he was "pleased with our progress" and said they had "continuously worked on our own transformation, implementing sustainability through...

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