Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September -sources
By Chris Prentice and Tom Sims NEW YORK/FRANKFURT (Reuters) – The U.S. Securities and Exchange Commission is preparing to resolve a two-year probe into allegations of greenwashing by the German fund manager…
Fund groups warn over EU legal definition of ‘greenwashing’
By Simon Jessop and Huw Jones LONDON (Reuters) – European Union regulators should not define greenwashing in law, fund industry groups have told the bloc’s markets watchdog, citing concerns this would complicate…
Deutsche Bank’s DWS sued by consumer group over alleged greenwashing
FRANKFURT (Reuters) – A German consumer group said on Monday it is suing Deutsche Bank’s asset management unit DWS for allegedly misrepresenting a fund’s green credentials in marketing materials. The suit comes…
Analysis-Overlapping rules to curb greenwashing may only add to company frustration
By Huw Jones and Simon Jessop LONDON – Three competing plans to curb companies from exaggerating their green credentials could lead to more frustration and costs for businesses, especially starting next year.…
Canada banks face ‘greenwashing’ claims as oil & gas firms obtain sustainable financing
By Nichola Saminather TORONTO – For banks in Canada, one of the world’s largest oil producers, it’s not easy being green. In the past two years, Canadian banks have increased the amount…
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