Sustainability – far more than a trend topic
In the fall of 2020, Quartier Zukunft was named one of the first “green branches” at Deutsche Bank. Since then, the environment, as well as social and corporate aspects, the so-called “ESG -areas”, have a particularly high priority in our actions and in the communication with our customers, guests and partners.
Taiwan: Largest Offshore Wind Park
Deutsche Bank has signed a landmark transaction in the Asia Pacific renewable energy sector, helping arrange the 2.68 billion US dollar acquisition financing for a 50 percent stake in the “Greater Changhua 1 Offshore Wind Farm” in Taiwan. It is the largest offshore wind M&A transaction ever announced in Asia Pacific, and the second-largest offshore wind M&A transaction for an asset globally.
Germany: Promoting equal opportunities
The aim of our Born to Be projects in Germany is to promote educational and career opportunities for young people as well as equal opportunities. After all, social background and educational success are still closely linked. With our Made for Good initiatives, we strengthen the social startup scene and promote Germany’s innovative strength. We also help disadvantaged people and communities in emergency situations such as poverty, migration, unemployment or homelessness. In our Plus You program, employees volunteer their time to charitable projects – in 2018 with more than 110,000 hours in Germany alone. Many of them act as mentors to young people, pass on their experience and knowledge, or provide active help on site as part of a team.
India: World’s first green hedge
Deutsche Bank and Continuum Energy Levanter Pte Ltd announced they have executed the world’s first green hedging transaction with a second party opinion based on a specially designed green hedge framework.
Deutsche Bank Head of Sustainable and Special Solutions Asia, Rahul Jain said: “This hedge structure has the potential to set new standards for increased transparency and risk management particularly for Emerging Markets hard currency green bond issuances.” The FX hedge solution is for a 6 years tenor in US dollars/Indian Rupees on notional of US$185 million, linked to Continuum’s green bond US dollar primary issuance and based on their green bond framework.
Africa: Higher incomes, greater food security
The Africa Agriculture Trade and Investment Fund is a public-private partnership project managed by Deutsche Bank. The aim of the AATIF is to increase the performance of the agricultural sector in Africa in such a way that the population working in agriculture benefits. To this end, incomes in the agricultural sector are to be promoted, food security increased and the competitiveness of local companies strengthened.
Uruguay: Financing of an onshore wind farm
In Uruguay, Deutsche Bank made a US$92 million construction loan for a 52 MW onshore wind farm in its first renewable energy project in South America.
Alaska: No more oil and gas projects in the Arctic
Since June 2020, Deutsche Bank has been withdrawing from projects for the extraction of oil and gas in the Arctic, and new projects of this kind will no longer be supported. Since then, fracking projects for oil and gas extraction in countries with extreme water scarcity and new oil sands projects have also been excluded. In addition, Deutsche Bank is systematically reviewing its entire existing involvement in the oil and gas sector worldwide.
Ecuador: Construction of three hospitals after earthquake
In 2016, Deutsche Bank helped finance the construction and equipment of two hospitals in Guayaquil and Machala. Thanks to the great success of the cooperation, another hospital project was implemented in 2017.
The 450-bed hospital in Guayaquil is the largest hospital in Ecuador, with over 24,000 patients since it opened. The new hospitals have more than doubled treatment capacity in the country and noticeably improved the quality of healthcare in Ecuador.
USA: Community Development
Ghana: Keta Water Supply Rehabilitation and Expansion Project
Deutsche Bank is supporting the Republic of Ghana in two major infrastructure projects: the Keta project to rehabilitate and expand the water supply system and the new Takoradi market. The projects are part of the Ghanaian government’s comprehensive infrastructure development program to strengthen economic growth, create jobs and improve living conditions for the rapidly growing population.
Since 2011, Deutsche Bank has provided over EUR 20 billion in 20 projects to support the development of critical infrastructure in Ghana.
Russia: Support for food distribution and shelters
In April 2020, Deutsche Bank launched a campaign in Moscow and St. Petersburg to support local food distributions & shelters: The money donated by Deutsche Bank and Tech Center employees as part of the joint project “We are here for you – Deutsche Bank” enables the “Starost v Radost” Foundation to procure disinfectants, protective equipment, food and medicines, as well as to organize additional caregivers for elderly people receiving care at home during the coronavirus pandemic. Several thousand people were supported nationwide in this way.
Australia: Deutsche Bank supports EIB’s Climate Awareness Bond
Deutsche Bank is supporting the EIB’s Climate Awareness Bond (CAB) as lead manager and is participating in the bond issue as an investor. The funds raised from the offering will go to EIB climate protection projects in the areas of renewable energy and energy efficiency. In 2007, the EIB issued the world’s first Green Bond (CAB), which is also managed by Deutsche Bank.
UK: Better Buildings Partnership
In 2013, DWS became a member of the United Kingdom Better Buildings Partnership, an association of commercial property landlords that develops solutions to make existing properties more sustainable. In discussions with other members, practical experience is thus exchanged and the implementation of sustainability standards in the UK is vigorously promoted.
Brazil: Zurich Forest Reforestation Project
The Zurich Forest is a cooperation between Zurich Insurance and Instituto Terra, a non-profit organization founded in 1998. In the reforestation of the RPPN Fazenda Bulcão forests in Brazil, one million seedlings of up to 120 scientifically selected native species are planted. The former cattle grazing area in the Doce River Valley was originally covered by Atlantic Forest, a biodiversity hotspot. Due to deforestation and other activities, only 7% of the original forest remained intact.
Europe: European Energy Efficiency Fund
The European Energy Efficiency Fund (EEEF) manages assets of 265 million euros. It is backed by the European Commission, the European Investment Bank (EIB) and the Italian credit institution Cassa Depositi e Prestiti. The fund enables alternative investments within the framework of European municipal projects aimed at developing a sustainable energy supply.
North Sea: Healthy Seas – recovering ghost nets
A potentially deadly problem in the ocean: lost or intentionally discarded fishing nets. DWS supports the Healthy Seas organization in its efforts to free the world’s oceans from ghost nets and thus save the lives of countless marine creatures. Numerous salvage missions in various waters have already been made possible, as has the purchase of a boat. With this, the organization is more flexible and independent and can thus significantly increase the number of salvage missions.
South Africa: Highest recognition for transformation
In recognition of its support and commitment to transformation and diversity, Deutsche Bank South Africa has been recognised as a “Level one Contributor” – the highest status under the legislative framework of Broad-Based Black Economic Empowerment (B-BBEE). With this achievement, Deutsche Bank South Africa stands out as the only bank among its international peers to have achieved this status.
Goal doubled: over 300,000 trees planted
150,000 trees for our 150th anniversary: that was our ambitious goal. For the past ten years, we have been revitalizing large areas of forest with site-appropriate deciduous tree species such as red oak and copper beech. Worldwide, more than 4,500 colleagues and their families have shouldered the spades and participated in tree planting campaigns in nearby forests. By the end of 2020, the number of trees planted has exceeded 300,000. The Germany-wide “e-Safe” campaign contributed to this success: Deutsche Bank plants a tree for every newly activated digital mailbox in Online Banking. More than 150,000 of our customers have already taken advantage of this opportunity, making a sustainable contribution to the protection of drinking water forests.
New York: Kiva Zip
Deutsche Bank supports the work of Kiva Zip in New York City and helps to economically strengthen infrastructurally weak neighborhoods: With Kiva Zip, people from the immediate neighborhood can easily support small local businesses with interest-free loans. This opens up access to sources of financing for an area that is mostly excluded from the capital market.
Singapore: ESG Centre of Excellence
Deutsche Bank is opening an ESG Centre of Excellence (COE) in Singapore. The center will focus on ESG-oriented products and services across divisions, including sharing global best practices with regulators and organizations.