- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Aaron Nicodemus2023-10-03T16:58:00
The $19 million fine against Deutsche Bank’s asset management arm levied by the Securities and Exchange Commission (SEC) last month wasn’t to punish greenwashing, experts argue.
Instead, the order was a straightforward penalty imposed for not doing what the firm claimed related to its environmental, social, and governance (ESG) investment strategy.
On Sept. 25, the SEC announced its enforcement action against registered investment adviser DWS Investment Management Americas for the firm’s alleged marketing of itself to clients and investors as a leader in ESG without properly implementing policies and procedures that ensured such statements were not misleading.
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2024-05-10T19:20:00Z By Aaron Nicodemus
The Federal Reserve Board and six large American banks released the results of a pilot climate scenario analysis that explored how resilient the banks’ business models were to climate-related financial risks.
2023-11-29T19:49:00Z By Kyle Brasseur
The Financial Conduct Authority will implement a series of rules to minimize instances of “greenwashing” in the U.K. market.
2023-09-25T17:26:00Z By Kyle Brasseur
DWS Investment Management Americas agreed to pay $25 million in penalties across separate settlements with the Securities and Exchange Commission addressing alleged misstatements in environmental, social, and governance investments and anti-money laundering violations.
2025-03-13T21:25:00Z By Ruth Prickett
The European Commission has adopted proposals for radical simplifications to the EU’s trailblazing environmental regulations. The commissioners argue that this is a pragmatic response to changing global economics and indicates that they have listened to the concerns of smaller businesses that are struggling to comply with onerous and conflicting rules. ...
2025-02-18T19:25:00Z By Aaron Nicodemus
U.S. President Donald Trump has proven himself to be a chaos agent in the opening weeks of his second term, firing federal workers, shuttering agencies, and issuing executive orders that attempt to upend policies and laws he doesn’t like.
2024-10-25T15:38:00Z By Ruth Prickett
Supply chains are about to become the next big thing in sustainability compliance. However, many organizations still lack the data and assurance capabilities to track sustainability and human rights activities across their extended supply chains – which is required by the EU’s CS3D. Many others that fall out of scope ...
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