Deutsche Bank’s DWS to Keep ESG Focus After Greenwashing Claims

Deutsche Bank AG’s investment unit will keep its focus on sustainability after facing claims of greenwashing that contributed to the resignation of the chief executive officer, according to DWS Group Supervisory Board Chairman Karl von Roh.

The German lender backs “unconditionally the strategy and financial targets” of DWS, von Rohr, who’s also a deputy Deutsche Bank CEO, said in prepared remarks for the asset manager’s annual general meeting on Thursday. “We’re also keeping the focus on environmental, social and governance issues known as ESG.”

The chairman’s comments come just days after DWS CEO Asoka Woehrmann resigned in the immediate …