Deutsche Bank announces end of global business activities in coal mining by 2025

The bank has also announced the roll-out of a strict framework, which will assess the environmental and social risk of financing projects

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Deutsche Bank has announced the end of its global business activities in coal mining by 2025 at the latest.

The adoption of a new fossil fuels policy will cover financing as well as capital transactions.

Deutsche Bank has also committed not to finance any new coal-fired power plants and review its portfolio in Europe and the US by the end of 2020, while in Asia the review will start in 2022.

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