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- 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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News and analysis for the well-informed compliance or audit exec.
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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.
2024-07-03T18:17:00Z By Ruth Prickett
Dominic Buckwell, general counsel and compliance head at global marine container leasing company Seaco, discussed key themes including anti-money laundering, sanctions, and why the industry needs common environmental reporting standards.
2024-04-09T18:24:00Z By Aaron Nicodemus
Environmental, social, and governance goals have gained acceptance from senior leadership because of upward pressure from employees, investors, and customers, according to compliance leaders speaking at Compliance Week’s 2024 National Conference.
2024-02-27T12:25:00Z By Kyle Brasseur
Retail giant Walmart announced the completion of an initiative to reduce emissions in its supply chain six years earlier than its intended target.
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