Deutsche Bank’s ESG executive slams industry’s greenwashing practices

Kamran Khan, Deutsche Bank’s head of ESG for Asia Pacific, urged the financial services industry to step up its game and take responsibility for its use of ESG and net-zero labels. 

At a time when the possible ramifications of greenwashing practices multiply rapidly, Khan said there is a growing need to put a “reality check” and impose the authority of “saying no” to colleagues or clients trying to misleadingly attach the ESG label to their products. 

“When you look at it, any company can make a net-zero commitment, and come up with a nice little PowerPoint on how they’re going to move from today to 2030 or 2050,” Khan said at a Sibos 2021 panel last October.

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