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February 26, 2010

Deutsche Bank honoured in London’s Sustainable City Awards

Deutsche Bank has been honoured in the City of London’s “Sustainable City Awards”, for its efforts to reduce resource consumption.

The Bank received a “highly commended” award at a special ceremony held in London on 18 February. More than 60 organisations were competing for 11 awards at the event, which has been dubbed the “Green Oscars”.

Despite the challenging climate in 2009, Deutsche Bank’s commitment to sustainability remained a priority. A number of programmes were recognised as being behind the Bank’s success at the Sustainable City Awards:

• Best in Class Waste Management system: “Bin the Bin", the Bank’s mandatory waste segregation management system in front and back office environments, was expanded to capture 100% of open plan offices in the London estate, and 80% of the Bank's estate outside London. out of London estate.

• CO2 emissions reduction: 33 energy reduction initiatives were completed in 2009, as part of the 50/5 Energy Efficiency Challenge. This achieved saves of 8.6m kWh, representing a 105% success ratio against target.

• Renewable energy: The Bank expanded its procurement of renewable energy to supply electricity to the UK portfolio to 80% in 2009, up from 68% the previous year. This represented a reduction in CO2 emissions of 10,000 tonnes.

• Recycling and food composting: A 2009 average recycling rate of 43% was achieved for the London estate. In addition, over 13 tonnes of food waste from the Bank’s staff restaurants were recycled in 2009.

• ISO14001 Environmental Management System Accreditation: Renewed in 2008 for another three years. The yearly surveillance visit was successfully completed on 13 January.

• Environmental manual: Further enhancements to the UK Environmental Management System Implementation Manual, which outlines the Bank’s self-imposed minimum standards of environmental protection measures, were made in 2009. This was recently selected by the Bank’s Group Sustainability Officer, Hanns-Michael Hoelz, to be rolled out as a template across Deutsche Bank globally.

The latest award follows-up on Deutsche Bank’s success at the Clean City Awards in 2009.
The awards demonstrate Deutsche Bank’s commitment to sustainability, and are a welcome acknowledgement of its local and global efforts.



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Last Update: June 21, 2010
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