Furthermore, Deutsche Bank expects to be able to adopt a new oil and gas policy by the end of the second quarter, which will provide a clear framework for financing and investments in this area. At least 200 billion euros of sustainable financing and investments by 2025, Framework in place to issue first green bond, Electricity to come solely from renewable sources by 2025. Deutsche Bank is convinced that the banking sector has a decisive role to play in the transformation of the economy in order to achieve the targets of the Paris Climate Agreement and the UN Sustainability Goals. “Green” assets include loans and investments in companies, assets or projects that focus on renewable energy, energy efficiency and so-called green buildings that are built according to environmental and sustainability standards. Financial services firm Deutsche Bank announced today that it plans to link top level executive and management compensation to ESG and sustainable finance criteria. The loan is structured such that it incentivises environmentally sustainable … (Note: Deutsche Bank's data has been updated as of April 6 with 211 million kilowatt-hours, or 109%, of the company's annual electricity use coming from green power.) The minimum volume of 200 billion euros within six years includes loans granted by 2025 and bonds placed by Deutsche Bank during this period. Deutsche Bank also has a blueprint to make its operations more sustainable. As part of its evaluation, the consulting firm assessed the bank’s ESG performance, giving it “Prime” status (C rating). It also set up a sustainability … Kamran Khan, Deutsche Bank. The bank will report annually on the progress towards achieving this target in its Non-Financial Report. The ESG assets of around 70 billion euros managed by asset manager DWS as of the end of 2019 are not included in these calculations. In areas where the EU has yet to develop its own standards, Deutsche Bank will rely on its own transparent criteria. As previously announced, Deutsche Bank aims to issue its first green bond sometime this year, subject to market conditions. Once Germany’s flagship bank on Wall Street, Deutsche has been shrinking to try to return to sustainable profitability and has been hit by a string of penalties, including a $7.2bn fine in … Over the past decades, Deutsche Bank has supported numerous sustainability programmes, starting with UN Global Compact in 2000 through to its signing of the UN Principles for Responsible Banking in September 2019. Asset Based Lending Deal: A $1 billion senior secured credit facility that is the first U.S. data center sustainability-linked financing. Deutsche Bank also has a blueprint to make its operations more sustainable. Deutsche Bank (DB) has said it will link its top executives’ pay to whether or not it reaches its sustainability goals, it has emerged. When defining which activities it will classify as sustainable, the bank will be guided by the EU Taxonomy – the European Union’s ESG standard. Progress towards this target will be documented annually in the bank… This ranks Deutsche Bank in eighth place among 281 companies that have been assessed in the category financial institutions/banks and capital market. The independent consulting firm Institutional Shareholder Services ESG (ISS ESG) has reviewed the bank’s Green Bond Framework and issued an expert opinion, confirming not only the bank’s exemplary conduct but its consistency with the UN Sustainable Development Goals. Integrate sustainability in your finance activities We at Deutsche Bank support you in your sustainability journey, jointly contributing to the economy’s transformation towards Sustainable Development Goals and climate targets For every stage of your business’ value chain, we offer tailor made Sustainable Finance … These range from the classic instruments (spot, forward and options transactions) to the fully automated processing of your hedging … Deutsche Bank offers you a wide range of currency management services. The facility is one of the largest private debt raises in data … Deutsche Bank has set a target for 2025 of reaching 200 billion euros in annual sustainable investment, starting with more than 20 billion euros this year (REUTERS) Deutsche Bank AG had the outlook on its credit rating lifted by Moody’s Investors Service, which said Germany’s largest bank may finally be able to execute on a strategic plan after … However, we are starting from a good base because, as a globally active financing house, we can serve the growing demand of our clients for sustainable investment products by ourselves.”. To anchor the topic of sustainability throughout the company, Deutsche Bank will sign up to the Equator Principles – a set of environmental and social governance rules for project financing due diligence. Deutsche Bank has established a comprehensive framework and can, with immediate effect, raise funds for refinancing by issuing its own green bonds. Beginning in 1997, the Bank recognized the … The new policy, which starts next year, will measure the volume of sustainable financing and investment that complies with environmental, social and governance criteria and how the bank is ranked by rating agencies on sustainability… Deutsche Bank CEO Christian Sewing said: “It is our ambition to be a leader on sustainability … By 2025 at the latest, Deutsche Bank aims to power its operations entirely using renewable energy. This step is consistent with its policy of transitioning to carbon neutrality and of reducing emissions of primary greenhouse gases. Deutsche Bank AG will link its top executives’ pay to whether the lender reaches sustainability goals, Frankfurter Allgemeine Zeitung reported, citing an internal memo by Chief … To ensure all contents of this page are displayed in full, please activate JavaScript in your browser. For us Responsibility means: We want to create sustainable value: for our clients and employees, our shareholders and for society. Copyright © 2020 Deutsche Bank AG, Frankfurt am Main. Deutsche Bank is currently number 10 in the global ranking for sustainable bonds (source: Dealogic). Congratulations to Maxwell Alexandre, Conny Maier and Zhang Xu Zhan, Photography from the Deutsche Bank Collection PalaisPopulaire, Berlin, Last Update: December 4, 2020 Deutsche Bank announced today that it has publishes its new Sustainable Finance Framework, setting comprehensive rules defining which financing offers and products can be classified as sustainable. We are partnering with Deutsche Bank’s Corporate Bank on a USD 25 million sustainability-linked loan, with an accordion feature to upsize the facility to USD 75 million. This commitment is in line with Strategy 2015+ and reflects Deutsche Bank… If you close this box or continue browsing, we will assume you agree with this. Copyright © 2020 Deutsche Bank AG, Frankfurt am Main, Deutsche Bank and the Thomson Reuters Foundation’s global expert poll, This website uses cookies in order to improve user experience. By the end of 2025, the bank will increase its volume of ESG financing plus its portfolio of sustainable investments under management to over 200 billion euros in total. Deutsche Bank’s business operations have been climate neutral since 2012. Deutsche Bank has said that it plans investments in sustainable financing worth more than 200 billion euros ($242.66 billion) by 2025, with more than 20 billion euros this year, and to be carbon-neutral itself by 2025. It will also disclose more details on its definition of sustainable finance by the end of the second quarter 2020. By 2025 at the latest, Deutsche Bank … These included green bonds, social bonds, sustainable bonds and bonds linked to sustainability criteria. At the end of 2019, nearly 80 percent of the bank’s electricity across the world came from renewable energy sources. Deutsche Bank AG provides a wide range of … “The target of 200 billion euros in sustainable financing and ESG investments is ambitious compared to our peers. Additionally, in 2020 the bank … Our goal is clear: Our high-performance culture must go … Deutsche Bank & Sustainability / CSR Sustainability is an integral part of Deutsche Bank’s corporate philosophy (see “Deutsche Bank Mission Statement on Ecology and Sustainability”). The German lender is tying the performance of its top level bankers to its sustainability goals from 2021, as large investment banks continue to roll out plans to cut financing to polluting … This ranks Deutsche Bank in eighth place among 281 companies that have been assessed in the category financial institutions/banks and capital market. Corporate social responsibility (CSR) and Environment, Social, Governance (ESG) sustainability data for Deutsche Bank AG, Banking and Germany. Deutsche Bank’s Green Bond Framework is based on the Green Bond Principles of the International Capital Market Association (ICMA) as well as on the latest guidance in the EU Taxonomy developed by the European Union’s Technical Expert Group on Sustainable Finance. The UN’s 2030 Agenda for Sustainable Development is a plan of action to shift the world to a more sustainable … Since the beginning of 2020, the bank has advised clients on 22 transactions, placing ESG bonds with an underwriting volume of nearly 3.5 billion euros. Deutsche Bank … A centrally organized sustainability team within our Communications & Corporate Social … The bank has set an ambitious target of €200 billion ($236.7 billion) in sustainable financing and ESG investments by 2025. The energy efficiency measures the bank implemented in 2010 have enabled it to reduce its energy consumption by more than a quarter. Deutsche Bank’s Management Board is responsible for the integration of sustainability across the bank. We invested € 64.2 million in these initiatives, while 17,417 employees (22% of Deutsche Bank staff, excluding Postbank) took an active role as corporate volunteers. Deutsche Bank's Corporate Bank today announced that it has provided a USD 25 million sustainability-linked loan facility with a three-year tenor, and an accordion feature to upsize the facility to USD 75 … … To anchor the topic of sustainability throughout the company, Deutsche Bank will sign up to the Equator Principles – a set of environmental and social governance rules for project financing … For more information about the cookies we use or to find out how you can disable cookies, click, Deutsche Bank honoured for its commitment in the fight against LGBTQ persecution, Deutsche Bank gives ESG investors greater choice. “We are driven by a very strong conviction to help shape the global change to a sustainable, climate-neutral and social economy,” says Deutsche Bank CEO Christian Sewing. Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB) has for the first time published quantifiable targets for expanding its sustainable business activities covering the ESG (environmental, social, governance) space and aims to support the transformation towards a sustainable economy. In order to offset the remaining carbon emissions, the bank buys Verified Emission Reduction certificates. Citing an internal memo by chief executive … Deutsche Bank is thereby following the standards used in the industry. The proceeds of the loan will … It also includes sustainable assets managed by the Private Bank as of the end of 2025. Deutsche Bank considers the environmental and social impact of its actions and applies high environmental and social standards to its business activities in order to support a sustainable future. 2017 marked the 20-year anniversary of the founding of DWS’s Sustainable Investments group, which moved to DWS's Alternatives platform in 2016. The bank has set a target for 2025 of reaching 200 billion euros ($242.8 billion) in annual sustainable investment, starting with more than 20 billion euros this year. Deutsche Bank has said it will ... and how the bank is ranked by rating agencies on sustainability, the newspaper said. Deutsche Bank has provided a USD 25 million sustainability-linked loan facility with a three-year tenor, to Corrie MacColl, a subsidiary of Halcyon Agri Corporation (“HAC”), to finance the company’s capex investments for its rubber plantations in Cameroon and Malaysia. Bank of America, for example, has committed $445 billion in financing and other business activities through its Environmental Business Initiative, between 2007 and 2030, to help accelerate the transition to a low-carbon, sustainable economy. 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