Berlin | April 02, 2013

Deutsche Bank on 7th position of the world's “greenest” banks

Deutsche Bank has moved up in the Bloomberg News Ranking of the world's 40 greenest banks. Deutsche improved to 7th position compared to 15th a year earlier.

This achievement is based on Deutsche's continued clean energy and infrastructure financing leadership – despite challenging market conditions. In 2012, Deutsche closed project finance deals worth nearly €2 billion and helped raise capital or advised clean tech companies with deals worth €2.5 billion.

Deutsche Bank also continued its internal eco-efficiency efforts, achieving carbon neutrality in 2012 and earning a place in the Carbon Disclosure Project’s Carbon Performance Leadership Index (CPLI) for the first time as one of only 33 companies globally. Moreover, Deutsche maintained its listing in leading sustainability indices, among them the Dow Jones Sustainability World and Europe Indices (DJSI).

Deutsche is the best positioned German bank in the ranking and moved up eight spots when the ranking of many European banks fell. US renewable investment benefited from the financing technique tax equity, which allows investors to buy stakes in the tax credits a wind farm collects. The current ranking considered tax equity for the first time. In 2012, wind projects saw a massive boost as investors pushed to complete them before tax credits expire due to a change in legislation.

The Bloomberg annual ranking, which was compiled for the third time, evaluates the efforts of financial institutions to invest in clean energy and reduce their own waste and carbon footprints. External investments accounted for 70 percent of the scores, while internal sustainability efforts accounted for 30 percent.

Article at Bloomberg.com

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