Germany's DWS withdraws US subsidiaries from industry climate alliance
25/02/2026 14:22
FRANKFURT, Feb 25 (Reuters) - DWS, the asset manager mostly owned by Germany's Deutsche Bank, has taken its U.S. subsidiaries out of the Net Zero Asset Managers Initiative (NZAM), the company said on Wednesday. "From February 2026, the scope of our former group-wide commitment will be adjusted to certain European legal entities of DWS Group GmbH & Co. KGaA," the company said on its website. Handelsblatt earlier reported the development. (Reporting by Tom Sims; editing by Matthias Williams) ((Tom.Sims@thomsonreuters.com; +49 30 220 133 645;))