Climate Change Data

Deutsche Bank Aktiengesellschaft

Climate Impact & Sustainability Data (2024-02)

Reporting Period: 2024-02

Environmental Metrics

Renewable Energy Share:97% (year-end 2023)

ESG Focus Areas

  • Sustainable Finance
  • Climate Change
  • Operational Sustainability
  • Gender Diversity
  • Stakeholder Engagement

Environmental Achievements

  • Exceeded annual target for switching to renewable energy (97% at year-end 2023)
  • Reduced total energy consumption (target of 30% by 2025 compared to 2019 baseline)

Social Achievements

  • Pathways for more female representation (35% of Managing Directors, Directors and Vice Presidents by 2025) developed and on-track
  • Sustainability-linked management board remuneration

Governance Achievements

  • CEO-led Group Sustainability Committee established in 2020, and Chief Sustainability Officer appointed in 2022
  • Implemented key requirements of the German Supply Chain Due Diligence Act

Climate Goals & Targets

Long-term Goals:
  • Align our lending and investment portfolios to net-zero by 2050 (Net-Zero Banking Alliance)
Medium-term Goals:
  • Reduce emissions linked to our own operations and supply chain by 46% by 2030 (2019 baseline)
  • Achieve cumulative sustainable financing and investment volumes of €500 billion by the end of 2025 (excluding DWS)
Short-term Goals:
  • Reduce total energy consumption by 30% by 2025 compared to 2019 baseline
  • Achieve 90% of high emitting clients in most carbon intensive sectors to have a net zero commitment from 2026 on

Environmental Challenges

  • Limited availability of climate-related data
  • Measurement uncertainties resulting from limitations inherent in the underlying data and methods used for determining metrics
Mitigation Strategies
  • Use of estimates and models until improved data becomes available
  • Expectation for increasing data quality based on reporting obligations and development of harmonized standards and calculation methods

Supply Chain Management

Responsible Procurement
  • Vendors with contract value >EUR 500k p.a. required to provide external sustainability rating
  • 80% of total vendor spend expected to submit greenhouse gas emissions to the Carbon Disclosure Project (CDP) by 2025

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: PCAF