Deutsche Bank maintains its high level of support in Corporate Social Responsibility
Dr. Josef Ackermann: “Social responsibility is an integral part of our business policy”Deutsche Bank maintained its high level of support for its Corporate Social Responsibility activities in 2008. Today in Frankfurt, the bank published its Corporate Social Responsibility Report (CSR), which details the support provided by the bank and its foundations last year amounting to more than EUR 82 million to projects in sustainability and corporate volunteering, education, social investments and art.
Dr. Josef Ackermann, Chairman of the bank’s Management Board and the Group Executive Committee, writes in his editorial: “Social responsibility is an integral part of our business policy and business processes. It is in our own interests to invest in social stability and prosperity. For Deutsche Bank, markets and ethics are not at odds, but can be effectively integrated for the benefit of all parties concerned.”
Last year, bank funds amounting to EUR 82.3 million were allocated to five areas: sustainability and corporate volunteering, education, social investments and art. As a good corporate citizen, Deutsche Bank is thus, even in times of economic turbulence, a reliable partner for institutions active in research, art and society around the globe. For the first time in its CSR Report 2008, the bank presents a separate summary for each of the focal areas of its support; and an additional section was introduced “Dialog”, which features articles by external authors.
Deutsche Bank made clear progress in 2008 in its Group-wide efforts to improve the energy-efficiency and bottom-line environmental impact of its operations. For example, the bank reduced its CO2 emissions by more than 20%. And it covered roughly half (48%) of its total electricity consumption from renewable energy sources. In Germany, the UK, Italy, Belgium and Switzerland, this ratio even reached 100%. Furthermore, the bank carried out a comprehensive inventory assessment of its greenhouse gas emissions and has begun to take its CO2 costs into account when investing in operations and selecting service providers. The bank intends to make all of its business operations fully carbon-neutral from 2013 onwards.
Currently, the bank is renovating its Head Office in Frankfurt to transform it into the most environmentally friendly high-rise buildings in Europe. The bank’s twin towers, called “Greentowers”, will emit 55% less CO2 in the future, thanks to the new technologies in the building’s climate control systems and façade. As a result of the renovation, the heating energy required will be reduced by 67%, the fresh water consumption by 43%, and the power used by 55%.
Promoting climate protection and energy efficiency are the primary objectives of the bank’s partnership in “Solar Impulse”, a pioneering project aiming to complete the first manned flight around the world in 2011 in an airplane powered only by the sun, without emitting any pollutants. Deutsche Bank is one of the main sponsors of the project, which the European Union became the patron of last year.
Nearly 40% (37%) of the bank’s CSR support was allocated to social projects, 31% went to educational programmes. Just about every fourth euro (24%) went to support art and culture, and 8% of the bank’s sponsorship funds benefited staff members’ corporate volunteering initiatives. Somewhat less than half (45%) of the entire CSR spending was invested in Germany, nearly a quarter (23%) went to North and South America, 12% each was received by projects in the UK and Asia, and 8% went to other European countries, the Middle East as well as Africa.
A special focal point was on the corporate volunteering initiatives of our staff members, but also on fostering talent as part of educational programmes. Deutsche Bank’s volunteers performed nearly 36,000 days of volunteer work in 2008 around the globe, 84% more than the year before. This also means every 10th employee (12%) at the bank does volunteer work. The educational programmes supported by the bank enabled more than 160,000 children and young people to receive education. Here, the bank invested more than EUR 25 million around the world.
For the first time, the bank set itself explicit targets for the year 2009 for its commitment to society: the bank plans to press ahead with its climate-neutral activities and to intensify its dialogue with non-governmental organizations and rating agencies. Furthermore, as part of its education initiatives, the bank intends to expand its support for integration initiatives as well as strengthen its global art sponsorship programmes in emerging market countries.
The CSR Report 2008 can be downloaded under www.db.com/csr
Further information is available from:
Deutsche Bank Press Department
Dr. Klaus Winker +49 (0)69 910-32249
Christoph Blumenthal +49 (0)69 910-47048
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 80,277 employees in 72 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients, creating exceptional value for its shareholders and people.