WSJ News Exclusive | At Deutsche Bank’s DWS, Issues With Data Were at Heart of Sustainable-Investing Problems

In its newest annual report, Deutsche Financial institution AG’s DWS Group stated, “ESG knowledge is the cornerstone of our ESG evaluation,” referring to the asset-management agency’s push to be a frontrunner in one of many hottest segments of Wall Road: utilizing environmental, social and governance standards to make investments.

Inside DWS, executives questioned the information, and fund managers ignored calls to make use of the knowledge to evaluate which investments to make, in response to beforehand undisclosed inner emails and the corporate’s former sustainability chief, Desiree Fixler.

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