DWS GmbH : Q4 Publication - Interim Report

For internal use only

Strictly confidential

Content

DWS - At a Glance .............................................................IIIInterview with the Chairman of the Executive Board ....... VII

Executive Board ................................................................... X

Report of the Supervisory Board ........................................ XI Supervisory Board ........................................................... XIX Report of the Joint Committee ........................................ XXI

Joint Committee ............................................................ XXIII

Our Shares ..................................................................... XXIV

1 / Summarized Management Report

About this Report ................................................................. 1

Introduction to DWS Group ................................................. 6

Our Strategy ........................................................................ 7

Operating and Financial Review ........................................ 13

Outlook .............................................................................. 26

Our Responsibilities ........................................................... 32

Risk Report ......................................................................... 58

Compliance and Control ................................................... 75

Compensation Report ....................................................... 84

Supplementary Information ............................................ 109

2 / Consolidated Financial Statements

Consolidated Statement of Income ................................. 117

Consolidated Statement of Comprehensive Income ....... 118

Consolidated Balance Sheet ............................................ 119

Consolidated Changes in Equity ..................................... 120

Consolidated Statement of Cash Flows ........................... 121

Notes to the Consolidated Financial Statements ........... 124

Notes to the Consolidated Income Statement ................. 141

Notes to the Consolidated Balance Sheet ...................... 144

Additional Notes .............................................................. 168

Confirmations .................................................................. 194

3 / Corporate Governance Statement

Corporate Bodies ............................................................ 208

Standing Committees of the Supervisory Board ............. 216

Joint Committee .............................................................. 220

ESG Advisory Board ........................................................ 220 Share Plans / Related Party Transactions /

Audit Committee Financial Expert / Values and Leadership Principles of DWS Group / Principal Accountant Fees and

Services ............................................................................ 221 Compliance with the German Corporate

Governance Code ............................................................ 222 Statement on the Suggestions of the German

Corporate Governance Code .......................................... 224 Targets for the Proportion of Women in Management

Positions / Gender Quota ............................................... 224

GRI Index ......................................................................... 228

Materiality Assessment - Definition of Material Topics . 240

Stakeholder Management ................................................ 241

DWS Human Capital ....................................................... 245 Disclosures according to Part Six of the

Investment Firm Regulation (EU) 2019/2033 (IFR) ......... 250

Glossary .......................................................................... 253

Imprint ............................................................................. 258

DWS

DWS - At a Glance

Annual Report 2021

DWS - At a Glance

III

Strictly confidential

For internal use only

For internal use only For internal use only