Minimizing our own corporate footprint
As a signatory to the Paris Pledge for Action, Deutsche Bank is committed to playing its part in achieving the targets set by the Paris Agreement. Therefore, it is our responsibility as a corporate citizen to minimize the environmental impact of our business operations. We have been doing this – among other things – by reducing our carbon footprint, using energy and other resources as efficiently as possible, buying renewable power and offsetting the remaining emissions. We are also striving to use water and paper responsibly, to minimize the supply chain impact of our business operations and to reduce the amount of waste we generate.
We have reduced our carbon emissions by more than 60% since 2011. About 80% of our electricity worldwide is from renewable sources. By 2025, we are committed to expanding renewable electricity use to 100%.
Deutsche Bank was one of the first banks which committed to become carbon neutral. In 2012, we achieved carbon neutrality in our own operations and have maintained it since. We offset unavoidable carbon emissions and business travel by purchasing and retiring high-quality emission reduction certificates. The carbon credits substantiate investments in a diversified product portfolio supporting climate change mitigation and economic development in Africa, Latin America and Asia. All offsetting projects comply with well-recognized global standards, including the Gold Standard and the Verified Carbon Standard.
In our Non-Financial Report, we disclose our eco-efficiency measures annually.
Diversity at Deutsche Bank
As a global organization, Deutsche Bank is committed to an inclusive culture that respects and embraces the diversity of our employees, clients and communities. As diversity and inclusion are central to the bank’s culture, we seek to:
- Build talented and diverse teams to drive business results;
- Create a respectful and inclusive environment where people can thrive;
- Strengthen our relationship with clients, partners, regulators, communities, and potential employees.
We aim to attract, develop and retain the best people from all cultures, countries, races, ethnicities, genders, sexual orientations, abilities, beliefs, backgrounds and experiences. To this end, and to prepare for opportunities and challenges arising from changing demographics and digitalization, we follow an integrated and multi-dimensional approach to diversity and inclusion.
As one of many activities to support LGBTQI inclusion and to support the bank’s LGBTQI colleagues, Deutsche Bank has a long-standing Allies programme. These visible Allies, who do not self-identify with a particular LGBTQI group, play a key role in fostering a culture of inclusion across the bank. As leaders and advocates of change at all levels of the organization, they are helping LGBTQI employees to feel safe at work, to bring their whole self to work and, subsequently, to also be more productive.
Covid-19: Deutsche Bank’s positive impact
Deutsche Bank has been supporting local communities since the early 1900s. Today, its corporate responsibility mission is to enable economies and communities to prosper, creating a positive impact for people and society at large. Its strategy focuses on education, enterprise and community development, and targets the most pressing local concerns in each region.
The global spread of the coronavirus has put many of the bank’s local community and non-profit partners under severe pressure and at risk of closure as they try to help those who are most vulnerable during these unprecedented times. Employees all across the world have come together to volunteer their time and donate much-needed funds to these causes through a relief campaign for selected food and shelter charities.