Deutsche Bank is supporting the Deputy Prime Minster, Nick Clegg, in his campaign to open up recruitment to all social backgrounds.
The Government’s Social Mobility Business Compact strategy aims to ensure that everyone has a fair opportunity to fulfil their potential, regardless of their circumstances.
By signing the compact, Deutsche Bank – alongside other leading businesses in the UK – agrees to support local communities and schools, provide young people with work experience and internship opportunities, and to recruit openly and fairly, ensuring non-discrimination.
Deutsche Bank has a proven track record of investing in the UK through education, social investments, art and music projects, sustainability and employee engagement. The Office of the Deputy Prime Minister has lauded Deutsche Bank for the “fantastic things” it is doing to “ensure fair and open recruitment practices”. Many of these programmes enhance social mobility for thousands of young people. These initiatives include:
- Two Bank-sponsored volunteering days for London-based staff
- Mentoring inner-city children in London, Birmingham and Liverpool
- Working with community partners to give 141,000 students from schools in disadvantaged areas the chance to broaden their horizons and do something different
- Sponsorship of “Playing Shakespeare with Deutsche Bank” and Shakespeare’s Globe; since 2007, Deutsche has helped introduce 54,000 children to the work of Shakespeare
- Working with charities that provide employability and work-skills advice for 16- to 24-year-olds who are not in employment, education or training (NEETS)
- Sponsorship of “IntoUniversity”: mentoring and supporting bright children from disadvantaged socio-economic backgrounds to help them transition into university
- Since 2006, providing “Start-up Scholarships” of £3,000 a year to first-year university students from all academic backgrounds
- Providing the “RARE Scholarship” to promising black undergraduate students at UK universities
- Since 2004, providing a four-week, paid work experience scheme specifically for bright ethnic minority children from disadvantaged backgrounds who attend UK state secondary schools
- Careers in the City workshops and mentoring for disadvantaged young people
- The meritocratic Deutsche Bank Analyst Internship Programme is open to applicants from all universities.
Social mobility offers a number of commercial benefits to Deutsche as a leading global bank. Attracting and retaining a diverse workforce allows the Bank to compete more effectively, making it integral to its success.
In the UK, Deutsche employs around 8,500 people, representing 100 different nationalities, and is one of the largest employers in the City of London. The Bank also has offices in Birmingham, Bournemouth, Edinburgh, Glasgow and Liverpool.
To learn more about Corporate Social Responsibility at Deutsche Bank, click here.