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 35 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Deutsche Bank's reported carbon emissions
In 2023, Deutsche Bank reported total carbon emissions of approximately 433,070,000 kg CO2e. This figure includes 43,187,000 kg CO2e from Scope 1 emissions, 10,014,000 kg CO2e from Scope 2 emissions, and 379,868,000 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions are significantly driven by purchased goods and services, which accounted for about 1,008,603,000 kg CO2e. Comparatively, in 2022, the bank's total emissions were approximately 238,840,000 kg CO2e, indicating a substantial increase in emissions year-on-year. The breakdown for 2022 included 28,674,000 kg CO2e from Scope 1, 6,232,000 kg CO2e from Scope 2, and 203,934,000 kg CO2e from Scope 3. Deutsche Bank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may reflect broader industry trends where financial institutions are increasingly scrutinised for their environmental impact and climate strategies. Overall, Deutsche Bank's emissions data highlights the significant role of Scope 3 emissions in their carbon footprint, underscoring the importance of addressing supply chain and operational impacts in their climate strategy.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 50,273,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 104,671,000 | 000,000,000 | 00,000,000 | 0,000,000 | 00,000,000 |
| Scope 3 | 2,127,013,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 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 not committed to any reduction initiatives 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.
