Deutsche Bank Sustainability Essay

Words: 1883
Pages: 8

Who They Are
Deutsche Bank, as stated by Wikipedia's Deutsche Bank page, was founded in 1870 as a specialist bank for foreign trade in Berlin. They now are a global financial service bank headquartered in Frankfurt, Germany with the investment bank division head-quartered in London, United Kingdom. DB is a leader in Europe and is continuously growing in North America, Asia and key emerging markets. They currently have more than 100,000 employees in 73 countries
Deutsche Bank’s mission statement is: “We compete to be the leading global provider of financial solutions, creating lasting value for our clients, our shareholders, our people and the communities in which we operate” ("Company," Deutsche Bank). They do this by promoting
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They are also working on ways to help fund clean tech companies

Eco-Efficiency Manager
DB wants to lower their carbon foot print they can challenge themselves to devise energy-efficient solutions that have a positive impact on their bottom line and on other companies who they are trying to reach out to.

According to Ecodesk in 2010 DB produced 612,588 Metric Tons of Co2 which correlates with GRI EN16. In 2010 DB purchased Certified Emission Reductions (CERs) for the first time and reduced emissions by 20%. 70% of their energy consumption was from eco friendly sources. However emissions from air traveled increased relative to their 2009 numbers

DB is planning to be carbon-neutral from 2013 onwards.
Their areas of action are as follows
- Improve energy efficiency and reduce consumption
- Pioneer “green” buildings and “green” leases
- Use more renewable energy
- Buy (CERs) to offset the remaining emissions
- DB is also working to reduce its consumption of other resources, such as water and paper. According to Ecodesk in 2010 DB used 4,438,242 Giga-Joules of energy which correlates to GRI EN8 and 1,943,856 Cubic Meters of water which correlates to GRI EN3
("Eco- Efficiency Manager," Deutsche Bank)