ES risk management
Goals 2012–2015
- Strengthen management of ES risks by intensifying engagement on ES issues with clients
- Proactive shaping of relationships with critical stakeholders with reference to controversial topics
- Optimization of ES risk coverage in Management Information Systems and external reporting
Progress 2014
- Continued interaction with various stakeholders on sensitive topics throughout 2014: Agri-Forum, SRI investor meetings, hosting Sustainability Day along with NGOs and SRI investors
- Participated in industry-wide discussion on human rights
- Effective use of client engagement including site visits in resolving ES-related matters
- Introduction of IT system for ES risk reviews
- Publication of all key positions on the IR website ahead of the Annual General Meeting
Private and corporate clients
Goals 2012–2015
- Improving the governance structures within Private & Business Clients division to strengthen our approach to sustainable and responsible banking
Progress 2014
- Strengthened governance by integrating the Responsible Banking Committee into the Group Internal Control Committee, a senior management group which deals with all risk, reputational and control matters
Asset and wealth management
Goals 2012–2015
- Establish ESG steering committee in Europe with working groups to
1. Strengthen knowledge of clients on ESG topics
2. Further implement ESG factors into the investment process
3. Establish framework conditions through policies, anticipatory examination, and realization of relevant directives
4. Communicate ESG activities - Extension of assets under management with responsible investments up to €650 million by 2015 within Wealth Management business Germany
Progress 2014
- Implementation of the ESG Head Office in 2013
- Creation of tailored investment products based on in-depth ESG research via our proprietary ESG engine
- Launch of the first product developed using the new ESG engine. CROCI World ESG is a passive global equity fund created by applying an ESG filter to the established Deutsche Bank CROCI strategy
- Wealth management goal reached in June 2013
- As of the end of 2014, total ESG AuM in Deutsche AWM have reached a volume of €5.4 billion
Human resources
Goals 2012–2015
- Increase the commitment towards sustainability; integrate aspects of sustainability into the performance management process
- Continued commitment to the DAX 30 voluntary declaration to increase the proportion of female senior managers to 25% (Managing Director and Director level) and for all officer titles to 35% by the end of 2018*
Progress 2014
- Adherence to our values and beliefs now accounts for 50% of individual performance ratings
- In 2014, the proportion of female senior executives increased to 19.4% from 18.7% in 2013, and the proportion of women in all officer titles rose to 31.7% from 31.1% in 2013
* Subject to applicable laws worldwide.
Sustainable operations
Goals 2012–2015
- Continuation of carbon mitigation strategy; continue integration of sustainability into standard operating procedures
Progress 2014
- Maintained carbon neutrality
- 5% reduction in total energy consumption
- 12% reduction in total waste produced
- 7% reduction in office paper consumption
Corporate citizenship
Goals 2012–2015
- Strategic review and strengthening of high impact corporate citizenship (CC) projects
- Increase stakeholder involvement in Deutsche Bank’s corporate citizenship programs
- Strategic bundling of youth engagement programs under the Born to Be umbrella
- Foster social entrepreneurship
- Extend skill-based volunteering programs
- Further extend reach of art and music programs
Progress 2014
- Ongoing monitoring of centrally and regionally managed CC programs via the Global Impact Tracking
- Extension of social media offerings, launch of 3D newsletter in Germany
- Global roll-out across all regions
- Extension of the Investment Readiness Initiative from Berlin to other cities in Germany
- Almost 62,500 hours of skill-based volunteering
- Three million people reached with art and music programs