Society

We combine our performance culture with a culture of responsibility.

Teresita Silva, Manila, Founder and President of ChildHope Philippines and FCED (photo)

»With Deutsche Bank as one of our most reliable partners since 2009, we provide basic needs and education to street children, thus creating new perspectives in life. We are proud to report that five of them will be graduating from college this year.«

Teresita Silva,
Manila, Founder and President of ChildHope Philippines and FCED

Deutsche Bank employs over 2,000 people in the Philippines and has established a leading presence across every business area in which it competes.

Structural Data

 

 

 

 

 

 

2013

2012

2011

1

Net greenhouse gas emissions include renewable energy sources and Renewable Energy Certificates. New emissions have been fully offset by retired Certified Emissions Reductions since 2012.

2

Due to web-based education projects with a substantially higher reach

3

Date first collected in 2012

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

71

72

72

 

 

 

 

 

Key Figures

 

 

 

 

 

 

2013

2012

2011

Sustainability Ratings

Carbon Disclosure Project (Band from A to E)

91/Band A

90/Band A

82/Band B

 

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

C/Prime

C/Prime

C/Prime

 

RobecoSAM

72

78

75

 

Sustainalytics

59

65

66

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

 

 

 

 

Global

51 %

49 %

54 %

 

Germany

76 %

82 %

76 %

Total corporate citizenship investments (in € million)

78.2

82.7

83.1

 

 

 

 

 

Sustainability-oriented banking business

 

 

 

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

5.1

3.7

3.0

Estimated cumulative financing to micro-borrowers since 1997 (in U.S.$ billion)

1.67

1.49

1.26

 

 

 

 

 

Sustainable operations

 

 

 

Renewable energy as a % of total consumption

79 %

67 %

74%

Net greenhouse gas emissions1, in metric tons CO2

348,678

385,571

396,266

 

 

 

 

 

People and society

 

 

 

Employees participating in Deutsche Bank’s corporate volunteering programs

25 %

24 %

24 %

Total participants in educational projects

411,121

1,322,0262

296,505

Total beneficiaries in projects with a social focus

439,635

710,8983

n/a

 

 

 

 

 

Special Projects

 

 

 

 

Economy

ESG Head Office established at Deutsche Asset and Wealth Management
Further development of the framework and training concepts pertaining to environmental, social and governance risks

Ecology

Confirmation of our voluntary commitment to keep all operating activities carbon neutral
Relisted in the Climate Performance Leadership Index

People and Society

Our new values and beliefs developed
Deutsche Bank employees support relief efforts after Typhoon Haiyan and flooding in Germany
Launch of Deutsche Bank’s global youth engagement program “Born to Be”

Fostering corporate responsibility

In brief

  • Integration of environmental and social standards in business decisions
  • Continuation of carbon neutral operations
  • More than two million people benefitted from corporate citizenship programs

RobecoSAM sustainability rating 2013

SAM sustainability rating 2013 (bar chart)

In 2013, trust in banks remained low as a result of the financial crisis. Reconnecting with society thus continued to be a key priority for Deutsche Bank. The bank observed that investors, civil society, clients and employees expect greater transparency on environmental, social and governance (ESG) factors to form their opinions and base their decisions on. In line with Deutsche Bank’s new values and beliefs as well as stakeholders’ expectations, we intensified our efforts to make the bank’s business more sustainable and to demonstrate that we act with integrity and responsibility. Accordingly, we analyzed the impact of our business decisions on the environment and society at large and strengthened our awareness of ESG issues.

Deutsche Bank’s corporate citizenship activities are an integral part of its corporate responsibility approach and seek to tackle challenges in a global context through the bank’s commitment.

Increasing risk awareness

Deutsche Bank’s Environmental and Social Reputational Risk Framework makes environmental and social due diligence an integral part of the approval process for all transactions and especially for business activities in sensitive sectors. In 2013, the number of transactions reviewed under the Framework increased significantly, demonstrating the banking teams’ increased awareness of these risks. Over the course of the year, 106 of the audited transactions were escalated to regional and divisional reputational risk committees or to the Group Reputational Risk Committee for a decision (2012: 102), and seven of these involved environmental and social risks (2012: 16).

Creating value for clients and shareholders

In 2013, Deutsche Bank implemented the FairShare™ principle in the Private & Business Clients division to ensure that responsible banking means creating balanced value for clients and shareholders. The concept leverages several initiatives put in place since 2008 that contribute to a client-centric approach. Key measures include product information sheets that provide clear facts about the bank’s products as well as special software to assist sales staff in meeting the high quality standards of the bank’s advisory service. The FairShare™ concept is reflected in a broader Responsible Banking Initiative and includes a Code of Values and Product Principles. A Responsible Banking Committee (RBC) of senior executives from Private and Commercial Banking supervises compliance with these principles. New management processes, new key performance indicators for branch performance and incentives support the FairShare™ principle.

Integrating ESG factors in investment decisions

With the establishment of the new Asset & Wealth Management platform, the bank also enhanced its existing approach to integrating ESG issues in the investment process. The newly formed ESG Head Office is not only responsible for implementing the ESG strategy, but also for coordinating and developing the ESG resources and know-how in this area.

The new ESG growth strategy in Deutsche Asset & Wealth Management (DeAWM) is based on three pillars:

Risk management. To produce in-depth ESG research to support investment decisions and reduce business risks.

Governance. To roll out consistent ESG policies and procedures for all DeAWM assets to ensure that all employees are aware of available information and comply with processes.

Value creation. To identify product gaps and develop new ESG products and services. At the end of 2013, DeAWM managed assets of approximately € 5.1 billion invested on the basis of environmental, social and governance criteria (2012: € 3.7 billion).

Renewable energy finance

Deutsche Bank is one of the leading private sector project financiers in renewable energy in Europe, North America and the Middle East.

In 2013, the bank provided financing for more than 1,185 megawatts of solar, wind, run-of-the-river hydroelectric and waste-to-energy projects worth more than U.S. $ 3.6 billion.

Maintaining carbon neutral operations

CPLI

is the Climate Performance Leadership Index of the Carbon Disclosure Project

In 2013, Deutsche Bank kept its operations carbon neutral by investing in energy efficiency projects, purchasing and generating on-site renewable electricity, and offsetting remaining emissions by purchasing and retiring high-grade offset certificates. The broad range and effectiveness of the climate change activities earned Deutsche Bank a place for the second consecutive year in the Climate Performance Carbon Leadership Index (CPLI). In 2013, the bank achieved 91 points (from 100) and an A rating.

Corporate citizenship

Regional split of global corporate responsibility investments

Regional split of global social responsibility investments (pie chart)

For Deutsche Bank, investments in society are also investments in its own future. The bank’s corporate citizenship programs tackle key social challenges. Deutsche Bank is dedicated to removing barriers to education and personal development and to supporting all levels of education, from improving access to schooling in emerging market countries to helping young people pursue a university education. In 2013, more than 400,000 children and young people participated in the bank’s educational projects.

Deutsche Bank drives change to improve conditions for communities and people, helping them overcome unemployment and social barriers. In the UK, the bank’s Impact Investment Fund – with 10 million British pounds under management – continues to empower social entrepreneurs with the capital needed for their projects. Through its microfinance funds, Deutsche Bank has enabled an estimated 3.8 million loans for micro-entrepreneurs since 1997.

Moreover, Deutsche Bank makes cultural experiences such as outstanding music events and contemporary art accessible to as many people as possible and promotes promising artists.

Furthermore, in 2013, Deutsche Bank employees, clients and foundations supported the bank’s disaster relief efforts for the flood in Germany and Typhoon Haiyan (Yolanda) in the Philippines with total donations of more than € 2.6 million.

By investing a total of € 78.2 million in 2013, Deutsche Bank and its foundations continued to be among the world’s most active corporate citizens. And more than 19,500 employees volunteered over 25,000 days, making their time, expertise and skills available to strengthen community programs and non-profit organizations. To recognize this commitment over and above the bank’s programs, Deutsche Bank established the global Volunteer Award.