DekaBank drops impact calculator for sustainability funds to avoid lawsuit over greenwashing claims

German heavyweight does U-turn but slams ‘petty arguments on questions of advertising law’

Germany’s DekaBank has avoided legal action on the sustainability claims of one of its retail funds by removing an allegedly misleading impact calculator used to market it.  

Earlier this year, RI reported that the consumer protection agency for the German state of Baden-Württembe…

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