Deutsche Bank’s DWS Pays $27 Million in German Greenwashing Case

Deutsche Bank AG’s investment arm DWS agreed to pay €25 million ($27 million) to end a long-running German investigation into alleged greenwashing, in a similar settlement to the one it struck with US regulators in 2023.

DWS gave a false impression to the markets in its communications about sustainable finance, Frankfurt prosecutors said on Wednesday. The case looked into the same behavior that led to a $19 million penalty agreed with the US Securities and Exchange Commission, they added.

“The impression given to the capital market that DWS Group was supposedly the market leader in sustainable financial products ...