“We are very excited to officially announce that Desiree Fixler has joined us as the chair of our board,” VentureESG stated in a LinkedIn publish. “The learnings which Desiree brings from her experience in the public markets, including around the dangers of ESG-washing, will be invaluable for the VentureESG community.”
Fixler was let go from her position at DWS in April final yr after simply six months. At the time, Bloomberg reported an inner memo revealed the agency had cited that progress on ESG had been too sluggish. Asoka Woehrmann absorbed her obligations following her dismissal.
DWS, HSBC… a plea for affect and twin materiality
Woehrmann resigned at first of June 2022, after German police and regulator BaFin raided DWS headquarters in Frankfurt amid a greenwashing investigation.
She subsequently instructed the Wall Street Journal that the agency had overstated its sustainable investing efforts. Fixler misplaced a labour go well with towards the agency in Germany in January 2022.
She instructed VentureESG co-founder Hannah Leach in an inner interview: “Today, ESG can mean everything and it can also mean absolutely nothing. ESG washing and greenwashing are real problems as it can be used very effectively just as a marketing tool.
“Companies have ratcheted up the ESG rhetoric, often with ‘bold’ commitments on net zero or diversity. And with that, the offering of ESG products and services has gone into overdrive. Without standardised definitions and sustainability reporting requirements, there are insufficient quality controls and a great deal of mislabeling in the market.”
Fixler has beforehand held roles at JP Morgan, BlueOrchard Finance, and Merril Lynch, based on LinkedIn.
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