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 78 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 169,780,000 kg CO2e for Scope 1, 16,356,000 kg CO2e for Scope 2 (market-based), and a significant 1,052,000,000 kg CO2e for Scope 3 emissions. This represents a comprehensive approach to emissions reporting, covering all three scopes. In comparison, in 2023, the bank's emissions were approximately 15,636,000 kg CO2e (Scope 1), 17,956,000 kg CO2e (Scope 2, market-based), and 1,020,000,000 kg CO2e (Scope 3). Deutsche Bank has set ambitious reduction targets, aiming for a 30% reduction in gasoline consumption from its car fleet by 2025, with a goal of achieving carbon neutrality in this area by 2030. Additionally, the bank plans to reduce total energy consumption by 30% by 2025 compared to a 2019 baseline. For Scope 1 emissions, Deutsche Bank targets a 29% reduction by 2030, while for Scope 3 emissions, the goal is a 23% reduction by the same year. The bank is also committed to achieving carbon neutrality in electricity production by 2035 and across its entire operations by 2045. These initiatives reflect Deutsche Bank's dedication to addressing climate change and reducing its carbon footprint in alignment 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 | 00,000,000 | 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 | 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.
