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The UN Global Compact is the world’s largest corporate citizenship initiative, launched in 2000 and initiated by former UN General Secretary Kofi Annan.
The network, which has meanwhile grown to encompass 6,200 participants, incl. 4,700 companies, focuses on implementing universal social and environmental principles, protecting human rights, promoting greater environmental responsibility, and battling corruption.
Deutsche Bank is not only a founding member of this UN initiative but was also in the “Advisory Council of the General Secretary for the Global Compact” from 2000 to 2005. Moreover, the Bank is a co-founder of the “German Friends of the Global Compact” network, which seeks to establish these corporate principles in Germany.
The ten principles of the UN Global Compact are a core pillar of Deutsche Bank’s sustainability management and an integral component of its guidelines and social policies. Every year, the company publishes its “Communication on Progress” report (COP), which tracks our progress in implementing these ten principles.
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The “COP” reports document a significant and steadily growing number of sustainability activities, ranging from our efforts in renewable energies and pioneering work in microfinance to our awardwinning education and social programs. The optimization of our risk management and expansion of our climate protection strategy are future areas of focus against the background of the UN Global Compact.
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