Deutsche Bank Sustainability Profile
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 75 is higher than 86% 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 169,780,000 kg CO2e for Scope 1, 16,356,000 kg CO2e for Scope 2 (market-based), and a significant 677,171,000 kg CO2e for Scope 3 emissions. The Scope 3 emissions include substantial contributions from purchased goods and services (about 677,171,000 kg CO2e), employee commuting (approximately 113,179,000 kg CO2e), and business travel (around 85,029,000 kg CO2e). In comparison, the 2023 emissions data showed a total of about 156,360,000 kg CO2e for Scope 1, 17,956,000 kg CO2e for Scope 2 (market-based), and 647,793,000 kg CO2e for Scope 3. This indicates a slight increase in Scope 1 emissions and a decrease in Scope 2 emissions, while Scope 3 emissions remained relatively stable. Deutsche Bank has set ambitious reduction targets, aiming for a 30% reduction in gasoline consumption from its car fleet by 2025 and achieving carbon neutrality in its electricity production by 2035. Additionally, the bank plans to reduce total energy consumption by 30% by 2025 compared to a 2019 baseline. For Scope 3 upstream financed emissions, Deutsche Bank targets a 23% reduction by 2030 and a 90% reduction by 2050. The bank's commitment to sustainability is further reflected in its goal to achieve net-zero emissions across all scopes by 2050, with specific interim targets for 2030, including a 29% reduction in Scope 1 and 2 emissions. These initiatives demonstrate Deutsche Bank's proactive approach to addressing climate change and reducing its carbon footprint.
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| 2004 | 2005 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 165,391 | 000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | - | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Deutsche Bank's Industry?
How Carbon Intensive is Deutsche Bank's Location?
Deutsche Bank's Scope 3 Categories Breakdown
Deutsche Bank's Scope 3 emissions, which increased by 6% last year and increased significantly since 2016, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 63% of Scope 3 emissions.
Top Scope 3 Categories
Deutsche Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Deutsche Bank has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
