The Big Picture

Vincent Boland: ESG movement imploding after falling into the trap of believing its own publicity

The probe into German asset manager DWS has revealed a fatal flaw in the much-lauded concept of ethical investment: no one agrees on what it actually means

A whistleblower alleged that DWS misled clients in 2020 by overstating how much of its €900 billion of assets under management were invested using ESG criteria