Deutsche Bank
Group Sustainability
Corporate Bank (CB)
#PositiveImpact
David Lynne
Head of Corporate Bank 
March 2, 2023

Chief Sustainability Office
Deutsche Bank
1
Achievements since last Sustainability Deep Dive
Sustainable finance volumes (2020 – 2022)1)
Progress made
Volume 
actuals 
(in € bn, 
cumulative)
By impact
By client 
type
◼Overachieved our goal of € 22bn2) by executing cumulated 
€ 40bn of sustainable finance volumes per year-end 2022
◼Established a sustainability-linked supply chain finance 
program offering and an arranged cumulated volume of € 
0.8bn by year-end 2022 (Henkel, Knorr-Bremse)
◼ESG dialogues with >90% of our Multinational clients and 
scale-up of ESG dialogues with German MidCorp clients
◼Established an Expert ESG Client Solutions team and an 
ESG Champion network across the Corporate Bank (CB)
◼Scaled-up ESG capabilities across CB product suite 
including an enhanced ESG-enabled treasury tool kit
◼Founding member of H2Global, continuous engagement in 
cross-industry efforts on green hydrogen
◼Asset-as-a-Service financing model for innovative 
decentralised energy technologies (Bosch)
◼Launched digital green loan for our MidCorp and 
BizBanking clients 
◼Collaboration with Plan A to increase awareness of carbon 
footprint and efficiency measures3)
◼Cooperation with SCHUFA and Greenomy4) to pilot EU-
Taxonomy tool
◼Embedded ESG training for client-facing staff and  
continuous flow of ESG news across CB
6
26
40
2020
2021
2022
5%
20%
3%
72%
Environmental
Sustainability-linked
Environmental & 
Social
Social
91%
6%
4%
Corporates
Financial 
institutions
SSA5)
1) Cumulative figures include 2020-2022, sustainable financing and investment activities as defined in DB’s Sustainable Finance Framework and related documents, which are published on our 
website; numbers may not add up due to rounding
2) As per Sustainability Deep Dive 2021      3) Plan A: provider to measure carbon emissions
4) Greenomy: reporting platform for ESG 
standards      5) Supranationals, Sovereigns and Agencies

Chief Sustainability Office
Deutsche Bank
Business highlights underpinning our market positioning
2
Client 
Group
Client
Description1)
Type
Classification
Client
Region
Sustainable
Development Goals
Corporate 
Clients
First ever conversion of an existing 
supply chain finance program in Europe 
to a sustainability-linked program2)
Sustainability-linked
EMEA
€ 2.5bn syndicated line of credit linked to 
reducing the water footprint 
Sustainability-linked
EMEA
€ 400m syndicated loan linked to two 
ESG KPIs incl. carbon emission reduction
Sustainability-linked
EMEA
$ 2.2bn syndicated asset backed loan 
linked to our client’s sustainability 
ambition
Sustainability-linked
Americas
$ 75m import financing facility to extend 
import payables with overseas suppliers
Company profile
E
APAC
$ 15m term loan facility for the 
construction of Leadership in Energy and 
Environmental Design (“LEED”) gold 
standard-certified factory building
Use of proceeds
E
APAC
Sovereigns
€ 2.1bn UK Export Finance-backed 
facility for the construction of the Ankara-
Izmir High Speed Railway
Use of proceeds
E
EMEA
1) Notional deal volumes (in currency of the deal)      2) Deal not yet included in reported sustainable finance volumes
Note: Sustainable financing and investment activities as defined in DB’s Sustainable Finance Framework and related documents, which are published on our website

Chief Sustainability Office
Deutsche Bank
3
CB’s sustainable finance strategy 2025
◼Unprecedented challenges to supply 
chains – regionalisation and 
fragmentation of global supply-chains 
with increased demand for more 
sustainability 
◼60% of all global emissions are generated 
by supply chains1) with social/ 
governance factors focus of regulation2)
◼$ 9.2 trillion annual investments needed 
to reach net zero by 20503)
◼Energy crisis accelerates transition 
towards decarbonised energy sources
◼Capital investment in the energy sector 
needs to more than double to $ 5 trillion 
per year in 2030, equivalent to almost 5% 
of global GDP3)
Strategic priorities 
Relevant recent market developments
1
Global to local 
solutions
We are at the core of our clients’ day-to-day 
financial operations and leverage our global 
footprint and global solutions as well as deep 
local market expertise to drive change
2
Drive transition 
across clients’ 
value chain 
As transition partner we support clients 
across sector value chains so they achieve 
their strategic goals. We do so by offering a 
broad suite of sustainable finance solutions, 
and sector-aligned ESG industry expertise
1) United Nations Global Compact – Accenture CEO Study      2) Germany’s Supply Chain Due Diligence Act entered into force January 2023 and Corporate  Sustainability Due Diligence Directive 
(CSDDD) under negotiation      3) McKinsey, “The net-zero transition: What it would cost, what it could bring” report, 2022
The ESG Bank for 
the Mittelstand
Be the one-stop shop ESG Bank for the 
German ‘Mittelstand’ and family-owned 
businesses, also offering beyond banking 
services through a network of partners
Enabling the accelerated renewables and 
infrastructure build-out through our asset and 
project finance capabilities including new 
technologies like storage solutions, hydrogen 
or carbon management
4
Low-carbon 
energy solutions 
and infrastructure
3

Chief Sustainability Office
Deutsche Bank
Global to local 
solutions
◼Bring sustainability expertise grown in our home market to APAC and the Americas by 
marrying global solution knowledge with our ESG champions on the ground
◼Facilitating accumulated € 5bn of sustainability-linked Working Capital loans
Drive transition 
across clients’ 
value chain 
◼Continuously adapting our sector-aligned ESG capabilities to meet evolving client needs and 
drive transition across clients’ value chain
◼Extend our KPI-linked, and use-of-proceed financing activities, using CB’s comprehensive 
product suite to support Sustainable Finance volume targets
The ESG Bank for 
the Mittelstand
◼Expand our ESG proposition and beyond banking offering to create a “one-stop shop” for 
the German Mittelstand
◼Develop carbon measurement and management proposition to facilitate related 
investments/ financing 
Low-carbon 
energy solutions 
and infrastructure
◼Strengthen our leading project finance expertise for emerging energy transformation sectors 
such as hydrogen, carbon capture, battery and storage solutions
◼Build-out CB’s financing capabilities in the Asset as a Service field in driving energy 
efficiency transformation
◼Structuring capability to deliver to investors combined with global distribution into these 
client segments 
Strategic priorities
4
Planned measures substantiating our growth ambition
Planned measures 2023-25
1
2
3
4

Chief Sustainability Office
Deutsche Bank
5
Promoting enhanced ESG performance of supply chains
Create incentives for our clients’ suppliers to be 
more sustainable 
Promote an enhanced ESG performance across our 
clients’ entire supply chain
Differentiate suppliers’ financing conditions by their 
individual ESG performance
Gold Award for the best overall Supply 
Chain Finance solution
Best Supply Chain Finance Program in 
fast moving consumer goods sector
Companies that use ESG metrics in 
their supply chains can make 
significant progress towards their 
ESG goals 
Enabling our clients to create an 
incentive for their suppliers 
towards more sustainability
A significant portion of material 
ESG factors originate within the 
supply chain
60% of all global emissions are 
generated by supply chains1)
arranged since launch2)
€ 0.8bn
Sustainability is a key     
consideration in 
global supply chains
Supply chains can expose
companies to hidden ESG risk 
DB’s sustainability-linked 
Supply Chain Finance programs 
incentivise behaviour change
DB’s sustainability-linked Supply Chain Finance (SCF) 
program is a innovative solution to:
2022 SCF Awards of the Supply Chain Finance Community3)
1) United Nations Global Compact (UNGC) – Accenture CEO Study      2) Figures as per year-end 2022      3) SCF Community - SCF Awards 2022 – FMCG (Winner and Highly Commended)

Chief Sustainability Office
Deutsche Bank
Key takeaways
6
As their day-to-day financial services provider, we support our clients in their 
transition towards sustainable practices
Continuously adapting our ESG capabilities to meet evolving client needs and 
drive transition across clients’ value chain
Well-positioned to be the ESG Bank for the German Mittelstand
Be the “first call” for clients, offering sophisticated ESG solutions as their Global 
Hausbank with local expertise

Chief Sustainability Office
Deutsche Bank
Speaker biography – David Lynne
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David Lynne is the Head of Corporate Bank (CB) and chair of the CB 
Executive Committee. 
He is responsible for the overall strategy of the business, including  
controls, budget planning, P&L as well as alignment with Deutsche 
Bank (DB) strategy and compliance with relevant laws and 
regulations.
Previously, David was the Head of Corporate Bank and Fixed Income 
& Currencies for Asia Pacific with overall responsibility for the firm’s 
Commercial Banking and Debt Capital Markets business in the 
region. He was also the Chief Country Officer for Singapore. David 
joined DB’s Singapore branch in May 1998, following three years as 
Head of European Fixed Income Options Trading, based in London. 
Prior to that, David worked for JP Morgan in a variety of roles in 
London and New York. David has 35 years of experience in banking. 
David graduated in 1987 from Imperial College with a Master in 
Chemical Engineering.

Chief Sustainability Office
Deutsche Bank
Disclaimer
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There are currently no uniform criteria nor a common market standard for the assessment and classification of financial services and financial products as sustainable or
green. This can lead to different parties assessing the sustainability of financial services and financial products differently. In addition, there are various new regulations on
ESG (environment, social, and corporate governance) and sustainable finance, which need to be substantiated, and further draft legislation is currently being developed,
which may lead to financial services and financial products currently classified as sustainable or green not meeting future legal requirements for qualification as sustainable.
Harmonized standards and calculation methods are expected to be developed and will also improve data quality.
The transition to a sustainable economy is a long-term undertaking. In its current stage, we are confronted with the limited availability of reliable data, esp. climate related
data. It is inevitable to use estimates and models until improved data will become available. Our expectations on the increase of data quality are based on reporting
obligations as currently developed. New regulations on reporting will likely become effective in the coming years.
This presentation includes metrics that are subject to measurement uncertainties resulting from limitations inherent in the underlying data and methods used for determining
such metrics. The selection of different but acceptable measurement techniques can result in materially different measurements. The precision of different measurement
techniques may also vary. The information set forth herein is expressed as of end of December 2022 and we reserve the right to update its measurement techniques and
methodologies in the future.
In addition, this presentation contains financial and other information which has been derived from publicly available information disclosed by persons other than us
(“external data”). In particular, external data has been derived from industry and customer-related data and other calculations taken or derived from industry reports
published by third parties, market research reports and commercial publications. Commercial publications generally state that the information they contain has originated
from sources assumed to be reliable, but that the accuracy and completeness of such information is not guaranteed and that the calculations contained therein are based on a
series of assumptions. The external data has not been independently verified by us. Therefore, we cannot assume any responsibility for the accuracy of the external data
taken or derived from public sources.
Past performance and simulations of past performance are not a reliable indicator and therefore do not predict future results.
This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs
and expectations and the assumptions underlying them. These statements are based on plans, estimates, and projections as they are currently available to the management
of Deutsche Bank Aktiengesellschaft. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any
of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from
those contained in any forward-looking statement. Such factors include the conditions in the financial markets in Germany, in Europe, in the USA, and elsewhere from which
we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential
defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures, and methods, and
other risks referenced in our filings with the U.S. Securities and Exchange Commission. Such factors are described in detail in our most recent SEC Form 20-F under the
heading “Risk Factors.” Copies of this document are readily available upon request or can be downloaded (Investor Relations).