Deutsche Bank maintains a strong commitment to Corporate Social Responsibility
Dr. Josef Ackermann: “We can only remain successful over the long term if people see us as being responsible and place their trust in us”Deutsche Bank demonstrated a strong commitment to corporate social responsibility once again in 2011. This is the message contained in the bank’s Corporate Social Responsibility (CSR) Report, which the bank published today, this year for the first time together with its Annual Report. According to the report, last year Deutsche Bank allocated €83.1 million to projects for society around the world.
Dr. Josef Ackermann, Chairman of the Management Board and the Group Executive Committee, states in the report: “We can only remain successful in the long term if people see us as being responsible and place their trust in us. That is why social responsibility is an integral part of our work, as it benefits our company as well as society as a whole.”
In 2011, Deutsche Bank made excellent progress in the area of sustainability. The bank drew, above all, on its expertise in the areas of energy and climate change policy. For example, the bank’s Asset Management division managed approximately €2.5 billion in assets invested in accordance with environmental, social and governance (ESG) criteria in 2011. This also included investment fund focused on climate change.
In addition, the bank won public-sector mandates for investment products designed to improve living conditions in developing and emerging market countries and to combat climate change. These include the European Energy Efficiency Fund, the Global Climate Energy Fund, as well as the Africa Agriculture and Trade Investment Fund.
To address the growing significance of sustainability for private clients, the bank’s Private and Business Clients division set up its own Sustainability Board, whose tasks include driving forward the development of sustainability investment products.
The Corporate and Investment Bank expanded its business in the energy and climate-related sectors. In 2011 it was involved in groundbreaking transactions in the renewable energies sector and contributed to the development and financing of projects with a combined capacity of nearly three gigawatts.
In order to ensure its products and services serve the real economy and society as a whole, Deutsche Bank again reviewed its internal processes last year, and subsequently terminated its business relationships with clients involved in the production of cluster bombs.
In addition, Deutsche Bank has established a working group that is currently looking in great detail at the causes and effects of highly volatile, and above all, rising agricultural commodities prices. While the working group continues its analysis, the bank will refrain from setting up any new exchange-traded investment products based on basic foodstuffs this year. Moreover, Deutsche Bank shares the view of the G-20 countries that markets for agricultural commodities derivatives should be made more transparent and control mechanisms strengthened in order to prevent misconduct.
The bank made good progress last year towards its objective of carrying out all business operations on a climate neutral basis by 2013. Two thirds of the electricity used by the bank is already drawn from renewable energy sources. Since the start of the initiative in 2008, the bank has already reduced its worldwide CO2 emissions by 80 percent, taking into account emission reduction certificates.
In 2011, Deutsche Bank also made considerable progress on equal opportunities for female employees. It signed a voluntary agreement of the DAX 30 companies, setting itself a binding target to increase the proportion of female managing directors and directors to 25 percent by 2018.
Deutsche Bank’s Corporate Citizenship activities focus on four areas:
Education: enabling talentEducation and equal opportunities for young people were once again a main focus of the bank’s commitment to corporate social responsibility in 2011. Across the world, more than 296,000 people took part in educational projects made possible by Deutsche Bank. In initiatives such as “FairTalent”, “Studienkompass”, and “IntoUniversity”, the bank gave gifted children and young people the opportunity to achieve goals that would otherwise have been out of reach for them, given their backgrounds. These programmes were further expanded in 2011.
Social investments: creating opportunitiesIn terms of social investments, Deutsche Bank further strengthened its commitment to helping people help themselves in 2011. The Deutsche Bank Africa Foundation, for instance, opened up new possibilities to 20,000 orphaned children. Furthermore, the bank provided rapid and sustained aid in the wake of natural catastrophes such as the earthquake and tsunami in Japan, the famine in East Africa, and the flooding in Thailand and Sri Lanka. The bank also further expanded its microfinance programme. Since 1997, the bank has made it possible for 2.8 million small business owners, mostly in developing and emerging countries, to secure their own livelihood.
Art and music: fostering creativityWorks by 100 artists from 40 countries are on display at the bank’s Head Office in Frankfurt am Main – and not just for employees. 8,500 visitors took part in a total of 850 guided tours in 2011.
The bank also intensified its already close ties with the Berlin Philharmonic. Since 2002, a total of 21,000 young people from all social backgrounds have participated in the orchestra’s special music education programme. Moreover, the Digital Concert Hall had 192,500 registered users in 2011, up from 75,200 in 2010.
Corporate volunteering: „Pass on your Passion“In all of the bank’s community development projects, staff volunteering is playing an increasingly large role. In 2011, there were more than 19,000 staff volunteers, representing an increase of 12% on the previous year. With its newly introduced “Deutsche Bank Volunteer Award”, the bank wants to provide staff with additional encouragement to become involved in volunteer work. Following the successful launch in Germany, the prize will be awarded worldwide in 2012.
The CSR Report 2011 is available at: www.db.com/csr
For further information please contact:
Deutsche Bank AG
Press and Media Relations
Dr. Klaus Winker
Tel.: +49 (0) 69 910 32249
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a substantial private clients franchise. Its businesses are mutually reinforcing. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With more than 100,000 employees in 72 countries, Deutsche Bank offers a comprehensive range of services around the world. The bank competes to be the leading global provider of financial solutions, creating lasting value for its clients, shareholders, employees and for society as a whole.
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