- Deutsche Bank
- No. of employees
- 102,060 (2011)
- €28.5 billion
Deutsche Bank offers financial services to companies, governments and individuals, and has a presence in 74 countries in all of the world's major regions and emerging markets. The bank's very strong position in Europe, particularly Germany, is integral to the bank's success.
'To earn money in a manner that is both socially and ecologically responsible'; and also 'To support socially beneficial activities'; are among the main objectives of Deutsche Bank, so it's no surprise that the bank takes sustainability seriously.
In 2010 Deutsche Bank developed and signed a Code of Responsible Conduct, which commits the bank to success - as well as value-driven corporate conduct. The same year, the bank invested nearly €100 million in global projects in education, sustainability, social investments, art and music.
Deutsche Bank is committed to becoming climate neutral by 2013. This will come about through a mixture of using less energy more efficiently in facilities such as offices and data centers, using more energy from renewable sources and carbon offsetting through a respected and accredited scheme (CER).
From 2005, the bank has had a Climate Strategy to promote sustainable and responsible behavior by focusing on three main areas: the bank's own operations and emissions, its role as a financial intermediary and its experience and reputation as a publisher of rigorous research and policy. Deutsche Bank is also a signatory of the Principles for Responsible Investment.
Mark Fulton, Deutsche Bank's Global Head of Climate Change Investment Research, was an early and vehement advocate of sustainable banking. In 2010 he stated in a report that climate scepticism does not seem a gamble worth taking.
Josef Ackermann, the Chairman of the Board of Deutsche Bank, said in a 2010 speech that: 'The next economy must be cleaner and more energy efficient [...] Green growth is also good economy. [...] My aim is to keep Deutsche Bank at the forefront of green growth.'
As a climate ambassador, Deutsche Bank engages its employees, clients and the general public with activities and displays such as the Carbon Counter billboard in New York City. Situated on the corner of Seventh Avenue and 33rd Street in New York City, the counter is part of a climate change awareness and education project.
Deutsche Bank has advocated investment in electric vehicles (EVs) with conviction backed up by analysis. It has been working with Better Place to lead the corporate world in the widespread adoption of EVs.
As part of its strategy to catalyze and take advantage of a Clean Revolution, Deutsche Bank has set aside over $7 billion for climate change mitigation and adaptation. The push into clean technology investment since 2007 has facilitated investments in renewable energy and energy efficiency, thus helping to decouple economic growth and environmental degradation. Analysis reveals that investing in alternative energy infrastructure is an attractive opportunity.
On emissions certificates trading, Deutsche Bank also plays a leading role, reflected in its market-leading ranking in core markets and across all categories in the Energy Risk Environmental Rankings for 2010.
The bank works to reduce its own environmental impact directly, by proactively reducing energy consumption and increasing efficiency. It also sources 70% of its own power requirements from renewable power.
In June 2011 the bank announced the operation of its first new Eco Data Center near New York City. The refitted 25-year-old facility now sees the most intensive workloads at the highest energy efficiencies ever seen in a Deutsche Bank data center, allowing the bank to keep the facility where it is, using the same amount of space and power, for the foreseeable future.
One example is the bank’s recently-refitted head office in Frankfurt, which now emits 89% less carbon and uses 74% less water and 55% less electricity.