“We aspire to contribute to an environmentally sound, socially inclusive and well-governed world. We strive to support our clients in accelerating their own transformation. Our advice as well as our products and solutions shall be built on this commitment.”
Deutsche Bank’s commitment to sustainability is long-standing. Since 2019, it is also a central component of our “Compete to win” strategy. Our sustainability principles are anchored in our Code of Conduct.
Our sustainability strategy focuses on four dimensions:
Making sustainability an integral part of our strategy and client offering, as well as offering products and services that help the clients’ business models to transform towards a low-carbon future
Policies & Commitments
Integrating environmental and social considerations into our risk management framework (climate risk management, environmental and social risk framework)
People & Own Operations
Addressing our own environmental and social footprint
Thought Leadership & Stakeholder Engagement
Actively engaging in regulatory discussions and innovative initiatives as thought leaders
To underline Deutsche Bank’s strong commitment to sustainability, the bank has set itself the following targets:
- The bank aims to achieve cumulative volumes since January 2020 of over 200 billion euros by the end of 2022 and a further 100 billion euros per year from 2023 to 2025, reaching a cumulative total of over 500 billion euros by the end of 2025.
- Align our credit portfolios with the goals of the Paris Agreement, which encompasses a commitment to introduce methods of measuring climate impact, including carbon intensity, by the end of 2022
- End global business activities in coal mining by 2025
- Maintain the carbon neutrality of our own operations which we achieved in 2012, and use 100% renewable electricity by 2025
- More female leadership: 35 percent of Managing Director, Director and Vice President positions are to be represented by women by 2025
- Be a leading voice in public debate on climate change and sustainable growth
Deutsche Bank has continuously enhanced its governance to incorporate sustainability across the group. Our Management Board’s Sustainability Committee, chaired by our Chief Executive Officer, is the highest level decision-making committee with respect to sustainability across all four of our sustainability dimensions. The Sustainability Council is developing proposals and doing preparatory work for the Sustainability Committee’s decision-making. Furthermore, we address sustainability-related risks and opportunities through dedicated divisional governance structures to anticipate client demands, continually expand our ESG products and services, and adequately manage sustainability-related risks.
International agreements and commitments
Our sustainability approach considers global agreements, such as the United Nations (UN) Sustainable Development Goals and the Paris Agreement on climate change. We voluntarily commit to following international principles, including the Ten Principles of the UN Global Compact, the UN Principles for Responsible Banking, and the UN Guiding Principles on Business and Human Rights.
Our Sustainability Principles
- We commit to balancing economic success with environmental and social responsibility;
- We identify and address the environmental and social impacts of our business activities;
- We foster business that enables sustainable growth;
- We are guided by internationally recognised principles and standards;
- We ensure that our sustainability strategy is firmly grounded in robust governance, policies and processes;
- We encourage transparent communication and open dialogue with stakeholders.
Member of the UN Environment Programme - Finance Initiative (UNEP-FI)
UN Global Compact
(since 2000, founding signatory)
Founding Signatory of the UN Global Compact
(through DWS, since 2008)
Signatory of the Principles for Responsible Investment
Green Bond Principles
Supporter of the Green Bond Principles as part of a coalition of twelve major financial institutions
Paris Pledge for Action
Signatory of the Paris Pledge for Action
Formal supporter of the recommendations developed by the Financial Stability Board’s Task Force on Climate-related Financial Disclosure (TCFD)
Co-founder of the UN Principles for Responsible Banking
Value Balancing Alliance
Founding member of the Value Balancing Alliance