ESG funds hit by reckoning as Goldman, DWS in crosshairs
Police searched the offices of Deutsche Bank AG and its fund unit DWS Group under the allegation of greenwashing. In the US, SEC is looking into the ESG claims of Goldman Sachs. The rules by which asset managers need to abide are uncomfortably vague and there is a “huge divergence” in how EU's SFDR rulebook is being interpreted.