Deutsche Bank Fund Unit Criticized for Fossil Finance in New Study – Bloomberg

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Deutsche Bank AG’s fund unit DWS has been singled out in a Greenpeace-commissioned study for its support of fossil fuels, with its portfolio estimated to align with temperature rises well above the critical threshold of 1.5C.
DWS’s investments in new fossil-fuel projects correspond to warming of 2.6C by 2050, according to estimates compiled for Greenpeace by climate researcher Right Based on Science. The study follows an analysis published by Greenpeace last week, showing that DWS has invested €7.8 billion ($7.7 billion) in companies that plan to increase extraction of coal, gas and oil. That’s more than three times as much as any of its domestic competitors, Greenpeace said on Tuesday.



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