Deutsche Bank Ag Sustainability Report

We see it as our duty to support our customers in navigating through the complex environment and to facilitate their transformation towards a more sustainable economy.

Sustainability Mission

“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.”

Sustainability Strategy

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 PDF   Code of Conduct.

Our sustainability strategy focuses on four dimensions:

Sustainable Finance

  • 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

Sustainability targets
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

Sustainability governance

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.