UNESCO World Heritage Sites
Deutsche Bank has a long track record of supporting environmental sustainability and takes the protection of World Heritage Sites very seriously.
Deutsche Bank’s Environmental and Social Reputational Risk Framework (ES Framework) requires environmental and social due diligence as an integral part of the approval process for doing business. This process needs to be followed also, and especially, for transactions in the extractive industry and infrastructure. It employs sector-specific guidelines that also help identify appropriate mitigation actions where possible.
Deutsche Bank has established a clear position on transactions in connection with activities in or close proximity to World Heritage Sites. According to this, Deutsche Bank does not support activities unless there is a prior consensus between the government and UNESCO that the planned activities do not place the outstanding universal value of the site at risk.