California Bill AB 1305 Disclosure

Deutsche Bank has set 2030 goals for decarbonizing own operations and actively managing carbon emissions across our supply chain. Levers to reduce emissions include reducing energy consumption, sourcing more electricity from renewables, reducing business travel, and addressing residual emissions through the purchase of offsets.

Deutsche Bank has been compensating its carbon footprint from the scopes mentioned above since 2012 and the below table is the 2025 offset portfolio to achieve this.

Offsetting residual CO₂ emissions

Climate change mitigation, including the limited use of voluntary carbon credits, remains an important measure for the bank’s broader decarbonization pathway. The Group purchases voluntary carbon credits annually to compensate for greenhouse gas emissions that are residual, or otherwise unavoidable from own operations (Scope 1 and Scope 2), and indirect Scope 3 emissions from business travel. Other Scope 3 categories are not compensated and continue to be addressed through a reduction-first approach.

In the current reporting year, the Group purchased and retired a total of 101,585 tons of CO2e in voluntary carbon credits across Asia, Africa, and Latin America. Of this, 17% was accounted for by carbon removal projects, primarily from biochar and nature-based projects. The remaining 83% was from projects to avoid emissions. All projects are assessed against predefined quality criteria, guided by the Core Carbon Principles (CCP) framework, which provides a recognized reference for assessing quality and integrity in the voluntary carbon market. No carbon credits were carried for future retirement beyond those required to neutralize residual emissions in line with the bank’s transition pathway.

The projects supported by the VER certificates (purchased and retired along with the emissions they offset) are shown in the table below:

Project Name

Project
Iden­ti­fi­ca­tion
Num­ber

Offset TypeProject TypeCountryStandardProviderRegistry
Carboneers SRC India GCSP1024 Removal Biochar India Carbon Standards international ClimatePartner GmbH Global C-Sink Registry
Carboneers Ghana GCSP1025 Removal Biochar Ghana Carbon Standards international ClimatePartner GmbH Global C-Sink Registry
Exomad Green, Concepción Puro 432524 Removal Biochar Bolivia Puro Standard Climate Impact Partners Puro Earth
Exomad Green, Riberalta Puro 292788 Removal Biochar Bolivia Puro Standard Climate Impact Partners Puro Earth
Vichada Climate Reforestation Project GS 4221 Removal Afforestation, Reforestation and Revegetation (ARR) Colombia Gold Standard Rubicon Carbon Gold Standard Impact Registry
Efficient and Clean Cooking for households in Nigeria GS 11671 Avoidance Clean Cooking Nigeria Gold Standard ClimatePartner GmbH Gold Standard Impact Registry
CTL Landfill Gas Project GS 12062 Avoidance Biogas Brazil Gold Standard Climate Impact Partners Gold Standard Impact Registry
400 MW Solar Power Project at Bhadla, Rajasthan GS 7071 Avoidance Renewable Energy India Gold Standard GreenTrade Impact GmbH Gold Standard Impact Registry

Note:

  • 2025 offsetting claims have been externally validated and independently assured. For further details, please refer to the 2025 Annual Report
  • Offset information is available back to 2012, please contact Deutsche Bank for further details.
  • Statements on Deutsche Bank websites concerning carbon dioxide or greenhouse gases are determined to be accurate or accomplished, and how interim progress toward such goals is measured can be accessed within Deutsche Bank’s Transition Plan and 2025 Annual Report