Chief Sustainability Office
1
From ambition to impact
Deutsche Bank’s sustainability strategy at a glance (as of April 2023) 
Strategy
Mission
We aspire to contribute to an environmentally sound, socially inclusive and well-governed world. We strive to support our clients in 
accelerating their own transformation. Our advice as well as our products and solutions shall be built on this commitment.
Impact
Systematically develop business towards
sustainable finance
— Achieve cumulative sustainable financing and 
investment volumes since January 2020 of € 500 
billion by the end of 20251)
— Position Deutsche Bank as partner of choice for 
supporting clients’ transition towards net zero
— Scale up client transition dialogues by building out 
advisory and financing capabilities
— Enhance scalability of green asset origination and 
allocation
Develop and maintain robust governance and risk 
management for environmental and social issues
— Align our lending and investment portfolios to net-
zero by 2050 (Net-Zero Banking Alliance)
— Implement climate-risk methodology for portfolio 
analysis and target setting
— Make CO2 emissions an integral part of our 
decision making
— Strengthen policies for carbon intense sectors
Be a role model by transforming our operations 
towards sustainable behaviour and cultural change
— Become net-zero for own operations by 2050
— Implement data-driven and scalable sustainability 
business model
— Improve sustainable supply chain management
— Strengthen governance and control capabilities 
and empower employees to establish 
sustainability in core of our culture 
— Achieve ambitious gender diversity targets
Publicly advocate sustainable transformation and 
engage with all stakeholder groups
— Drive standard setting via involvement in national 
and international bodies
— Expand dedicated in-house research 
#dbSustainability
— Foster stakeholder engagement through 
Deutsche Bank’s sustainability ambassadors
— Lead by example with holistic reporting on the 
progress of our own transformation 
UN Sustainable Development Goals – our focus
1) Sustainable financing and investment activities as defined in Deutsche Bank’s Sustainable Finance Framework and related documents, which are published on our Website.

Chief Sustainability Office
2
Our achievements so far and short-term targets
As of April 2023
Facilitated EUR 238bn in sustainable financing and 
investment1) by end of Q1 2023 (since Jan. 2020;
excl. DWS); growth across all businesses
Acted as Sole Mandated Lead Arranger and 
Sustainability Coordinator in a 5 year, € 120m senior 
secured sustainability-linked term loan to Beontag Ltd. 
(IB FIC)
Acted as ESG Coordinator and Joint Bookrunner in a 
€ 500m inaugural sustainability-linked bond to IHO 
Holdings GmbH (IB O&A)
Facilitated € 202m structured export finance for the 
construction of two wind farms in Australia (CB)

Continuous refinement of divisional strategies and 
expansion of sustainability offering
Committed to net-zero CO2 emissions by 2050
(founding member Net Zero Banking Alliance)
Announced net zero aligned targets for 2030 and 
2050 in four carbon intensive sectors
Committed that at least 90% of the high emitting 
clients in the most carbon intensive sectors that 
engage in new corporate lending transactions shall 
have a net zero commitment in place from 2026 
onwards
Published Sustainable Finance Framework and Green 
Bond Framework 
Committed to exit thermal coal mining by end of 2025 
Disclosed CO2 footprint for own corporate loan 
portfolio of EUR 105bn in March 2022 (30.8m t)
Published 2021 Modern Slavery and Human 
Trafficking Statement 

Adjust processes to embed carbon emissions into 
the decision-making process

Extend Sustainable Finance Framework by section 
on Transition Finance
CEO-led Group Sustainability Committee established, 
and Chief Sustainability Officer appointed
Sustainability-linked remuneration for Deutsche Bank 
management board
Pathways for more female representation (35% of 
Managing Directors, Directors and Vice Presidents by 
2025) developed and on-track 
Vendors with contract value >EUR 500k p.a. required to 
provide external sustainability rating
Achieved externally communicated targets on own 
operations (e.g., renewable electricity)
Joined EP100 initiative, committing to net zero 
operational carbon emissions at owned occupied assets 
globally by 2030
Launched a “Sustainability Hub” internally in December 
as single point of access to all ESG activities in 

Continue to train staff and build out capabilities for 
deal validation and policy development
Hosted 2nd Sustainability Deep Dive and 3rd dbAccess
Global ESG Conference in March 2023
Published dedicated sustainability research, e. g. 
‘Biodiversity – a new playing field for ESG’
Funded a chair for Sustainable Finance in the newly 
created Sustainable Business Transformation Initiative 
at the European School of Management and 
Technology Berlin (ESMT) 
Joined the Glasgow Financial Alliance for Net Zero 
(GFANZ) working group to support mobilization of 
private capital for Indonesia’s Just Energy Transition 
Partnership

Represent Deutsche Bank at the UN Climate 
Change Conference (COP28) in Dubai
Legend
Achievements

Short-term targets
1) Sustainable financing and investment activities as defined in Deutsche Bank’s Sustainable Finance Framework and related documents, which are published on our Website.