Society

We invest in society and for society.


Admassu Tadesse, CEO of PTA Bank, Bujumbura, Burundi (photo)

We were the first financial institution to draw on financing from the Africa Agriculture and Trade Investment Fund (AATIF), a development fund dedicated to promoting agriculture and trade in Africa. As the AATIF’s manager and PTA Bank’s long-term business partner, Deutsche Bank initiated contacts for us, provided us with good terms and conditions and helped us to establish successful business relationships.

Admassu Tadesse,
CEO of PTA Bank, Bujumbura, Burundi

Structural Data

 

 

 

 

 

 

2012

2011

2010

1

Due to increased support for education, science and disaster relief

2

Net greenhouse gas emissions include renewable energy sources and RECs (Renewable Energy Certificate System) and CERs (Certified Emissions Reductions).

3

Due to innovative web-based educational projects with a substantially higher reach

4

Data first collected in 2012

Number of countries in which Deutsche Bank operates (including offshore sites)

72

72

74

 

 

 

 

 

Key Figures

 

 

 

 

 

 

2012

2011

2010

Sustainability Ratings

Carbon Disclosure Project (Band from A to E)

90/Band A

82/Band B

73/Band B

 

OEKOM Research (on a scale from A+ to D–)

C/Prime

C/Prime

C+/Prime

 

RobecoSAM

78

75

80

 

Sustainalytics

65

66

64

External perception of Deutsche Bank as a responsible corporate citizen (B2B market)

 

 

 

 

Global

49 %

54 %

53 %

 

Germany

82 %

76 %

78 %

Total Corporate Responsibility investments (in € million)

82.7

83.1

98.11

 

 

 

 

 

Responsible business

 

 

 

Assets under management in sustainability-oriented funds (in € billion)

3.7

3.0

3.2

Estimated cumulative micro-credit financing since 1997 (in US$ billion)

1.49

1.26

1.23

 

 

 

 

 

Sustainable operations

 

 

 

Renewable energy in % of total consumption

79 %

76 %

82 %

Net greenhouse gas emissions2, in metric tons CO2

60,658

200,244

152,944

 

 

 

 

 

People & society

 

 

 

Employees participating in Deutsche Bank’s Corporate Volunteering programs

24 %

24 %

21 %

Total participants in educational projects

1,322,0263

296,505

337,093

Total beneficiaries in projects with a social focus

710,8984

n/a

n/a

 

 

 

 

 

Special Projects

 

 

 

 

Economy

Launch of PBC Responsible Banking Initiative
Closing of Global Commercial Microfinance Consortium II
Roll-out of Environmental, Social and Governance Risk Framework

Ecology

All operating activities carbon neutral by end of 2012
Inclusion in the Carbon Disclosure Leadership Index

People & Society

Roll-out of new Performance Management approach
10 years of support for NOAH (Nurturing Orphans of Aids for Humanity), a project that takes care of orphans in South Africa
Deutsche Bank employees support relief efforts following hurricane Sandy
150 FairTalent scholars perform “The Animal’s Conference” at Semper Opera, Dresden

SAM sustainability rating 2012

SAM sustainability rating 2012 (bar chart)

Increased awareness of corporate responsibility

2012 was a year of transition for Deutsche Bank. The new management team announced Strategy 2015+, which lays down the strategic direction of our business over the next few years. An extensive cultural change is one of the key levers of this strategy. Building on our strengths and achievements to date, we intend to create added value in accordance with society’s values. Success in business must incorporate social criteria and be sustainable, not just in the economic sense, but also from an environmental and social perspective.

In 2012, some of our banking activities attracted criticism, including issues surrounding food speculation, the funding of cluster munitions production and transactions in the energy sector. We take these concerns seriously, and we are adapting our business practices wherever it appears necessary following an in-depth dialogue with our stakeholders and a thorough analysis of the facts.

Deutsche Bank’s Environmental and Social Risk Framework was introduced in 2011 to address the increasing relevance of environmental and social risks. Significant progress was achieved in 2012 in the ongoing roll-out of the framework across the business divisions and regions.

In the initial phase of implementation, special emphasis was given to reviewing transactions in investment banking in sensitive sectors, such as the extraction of raw materials, agriculture, forestry and energy. These activities are handled in our Corporate Banking & Securities and Global Transaction Banking Corporate Divisions. With the support of the Group Reputational Risk Committee, guidelines were extended to cover other activities as well. 102 transactions were escalated in 2012 to the regional and divisional reputational risk committees or to the Group Reputational Risk Committee on the basis of environmental or social criteria.

Our clients rightly expect to receive advice from us which gives a balanced picture of risks and opportunities and focuses on their needs. With this in mind, we introduced a Code of Values for our Private & Business Clients Corporate Division. This sets out quality standards for the sale of our products.

Our Asset and Wealth Management Corporate Division managed € 3.7 billion in assets invested in accordance with environmental, social and governance (ESG) criteria at the close of 2012. Investments include thematic funds in the area of climate change. In 2012, we intensified the integration of ESG criteria in our internal investment portal, therefore enabling them to be included more readily in our mainstream analysis processes. Improvements included adding carbon ratings and a carbon reporting tool for the fixed income section of our investment portal and extending ESG ratings to the corporate and sovereign fixed income research platform for developed and emerging markets. In 2012, Deutsche Bank also launched the Global Commercial Microfinance Consortium II fund, which achieved a volume of US $ 100 million.

Regional split of global social responsibility investments

Regional split of global social responsibility investments (pie chart)

As part of its commitment to containing the impact of climate change, Deutsche Bank set itself the target of reducing its global carbon footprint by 20 % a year and making its operations carbon-neutral. We achieved this goal by the end of 2012, for example, by investing in energy efficiency projects and by using electricity from renewable energy sources. Our broad basket of climate change-related activities earned Deutsche Bank a place in the Carbon Disclosure Leadership Index (CDLI) for the first time. The index sets the benchmark for the quality of reporting and measures to address climate change and lists. 33 companies worldwide.

To foster a culture of responsibility, Deutsche Bank rolled out a set of newly defined Performance Standards in 2012. In addition to rating the actual achievement of targets, how they are achieved is assessed more intensively. In the interests of sustainability and long-term goals, Deutsche Bank also initiated the transition towards a new compensation model.

With a total investment of € 82.7 million in social and cultural projects, Deutsche Bank and its foundations were again among the world’s most active corporate citizens in 2012. In addition, more than 19,500 Deutsche Bank employees around the world (24 % of global staff) participated in community projects, dedicating almost 30,000 days as corporate volunteers in just one year.

In 2012, we rolled out our annual Global Impact Tracking (GIT) across all regions to monitor the effectiveness of our social investments. With this tool, we track the impact of our programs and systematically collect feedback from our community partners. The evaluation of all flagship projects (with a minimum investment of € 25,000 each) confirms that our activities are evenly allocated across our three key areas of activity – education, social investments, as well as art & music. The main beneficiaries of our flagship programs are children and young people. We support 37 % of the initiatives for a period of one to three years and 40 % for four years or more. This demonstrates the long-term focus of our social commitment.

Read more about how we fulfill our corporate responsibility and which initiatives we support in Deutsche Bank’s Corporate Responsibility Report 2012 or on our CR portal www.db.com/responsibility.