Thursday 14 May 2020

Deutsche Bank commits €200bn in sustainable investments

Deutsche Bank plans to inject €200 billion (£177bn) into sustainable financing and investments by 2025.

The money will include loans provided by the bank, bonds placed on behalf of its clients and other sustainable managed assets.

The German lender also aims to power its operations entirely using renewable energy by 2025 - at the end of 2019, nearly 80% of the bank’s electricity globally came from renewable energy sources.

Deutsche Bank has also established a framework through which it can raise funds for refinancing by issuing its own green bonds, in order to enable the bank to raise funds for further developing renewable energy sources or for projects aimed at boosting energy efficiency.

Christian Sewing, Deutsche Bank CEO, said: “We are driven by a very strong conviction to help shape the global change to a sustainable, climate-neutral and social economy.

“The target of €200 billion (£177bn) in sustainable financing and ESG investments is ambitious compared to our peers.

"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.”