Deutsche Bank
Deutsche Bank AG, a leading global investment bank, is headquartered in Frankfurt, Germany. Established in 1870, the bank has evolved into a key player in the financial services industry, with a strong presence across Europe, the Americas, and Asia-Pacific. Deutsche Bank offers a diverse range of services, including corporate banking, investment banking, asset management, and private wealth management, distinguished by its commitment to innovation and client-centric solutions. Over the years, Deutsche Bank has achieved significant milestones, including its role in major financial transactions and its adaptation to changing market dynamics. With a robust market position, the bank is recognised for its expertise in capital markets and risk management, making it a trusted partner for clients worldwide. Its unique blend of global reach and local knowledge sets Deutsche Bank apart in the competitive financial landscape.
DitchCarbon Score
How does Deutsche Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Deutsche Bank's score of 73 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Deutsche Bank's reported carbon emissions
In 2024, Deutsche Bank reported total carbon emissions of approximately 1,133,000,000 kg CO2e, with emissions distributed across various scopes: 16,978,000 kg CO2e (Scope 1), 16,356,000 kg CO2e (Scope 2, market-based), and a significant 1,099,000,000 kg CO2e (Scope 3). The Scope 3 emissions include substantial contributions from purchased goods and services (677,171,000 kg CO2e) and employee commuting (113,179,000 kg CO2e). Deutsche Bank has set ambitious reduction targets, aiming for a 69% reduction in Scope 1 physical emission intensity by 2030 and a complete elimination by 2050. Additionally, the bank targets a 23% reduction in Scope 3 upstream financed emissions by 2030, with a long-term goal of 90% reduction by 2050. The bank also aims for carbon neutrality in electricity production by 2035 and across all operations by 2045. To enhance its sustainability efforts, Deutsche Bank plans for 80% of its total vendor spend to report greenhouse gas emissions to the Carbon Disclosure Project (CDP) by 2025. Furthermore, the bank has increased its energy consumption reduction target from 20% to 30% by 2025, compared to a 2019 baseline. These commitments reflect Deutsche Bank's dedication to addressing climate change and reducing its carbon footprint, aligning with global sustainability goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 50,273,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 104,671,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,127,013,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Deutsche Bank is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
