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 2023, Deutsche Bank reported total carbon emissions of approximately 1,331,335,000 kg CO2e, with emissions distributed across various scopes: 15,636,000 kg CO2e (Scope 1), 26,079,000 kg CO2e (Scope 2), and 1,286,521,000 kg CO2e (Scope 3). This represents a significant reduction from previous years, with total emissions decreasing from about 1,290,722,000 kg CO2e in 2022 and 1,452,880,000 kg CO2e in 2021. Deutsche Bank has set ambitious climate commitments, aiming for carbon neutrality in electricity production by 2035 and across the entire group by 2045. The bank has also established specific reduction targets, including a 69% reduction in Scope 1 physical emission intensity by 2030 and a 23% reduction in Scope 3 upstream financed emissions by 2030, with a long-term goal of 90% reduction by 2050. Additionally, Deutsche Bank plans to enhance its sustainability efforts by ensuring that 80% of total vendor spend submits greenhouse gas emissions data to the Carbon Disclosure Project (CDP) by 2025. The bank has raised its ambition to reduce total energy consumption from 20% to 30% by 2025 compared to a 2019 baseline, further solidifying its commitment to sustainability and climate action.
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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.
