Responsible Investing

DWS executive warns of ‘nightmare’ result amid EU review of ESG

The EU should not completely overhaul its rules on sustainable investing, an executive from Deutsche Bank’s fund unit says.
EU Commissioner Mairead McGuinness finds it crucial to get a “full picture” of how the SFDR is working in practice. | Photo: Yves Herman/Reuters/Ritzau Scanpix
EU Commissioner Mairead McGuinness finds it crucial to get a “full picture” of how the SFDR is working in practice. | Photo: Yves Herman/Reuters/Ritzau Scanpix
By Frances Schwartzkopff, Bloomberg

As Europe embarks on a wholesale review of the world’s biggest ESG investing rulebook, an executive at Deutsche Bank AG’s fund unit says the complete makeover that some in his industry want would be a terrible mistake.

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