Themen:
Media Release
Frankfurt am Main / Cádiz / Hamburg, October 13, 2023
Deutsche Bank Wealth Management and the Germany SailGP Team announced a three-year sponsorship deal making it the sailing team’s first global partner.
The partnership provides a new platform for Deutsche Bank to engage with its current and future client base. Furthermore, the collaboration fits seamlessly into the bank’s efforts that aim at forming alliances to protect the oceans while building on Deutsche Bank’s history of promoting competitive sports and talented athletes.
For the Germany SailGP Team, it underlines their ambition to be involved in environmental protection and act as a role model for younger generations and offers a great opportunity to build on this ambition.
Tim Krieglstein, CEO of the Germany SailGP Team, said: “We are very pleased to have Deutsche Bank as a partner who is committed to positive change and to protecting the oceans for future generations. The partnership at this early stage gives us the opportunity to jointly drive processes and develop actions that our sustainability strategy can include.”
Julian Thurston, Head of Strategy, Marketing & Global Client Management for the Private Bank said: “We’re proud to be the global partner of the Germany SailGP Team in their journey as part of the world's most exciting sail racing league and help empower innovation and sustainability in sail sport. At Deutsche Bank, the blue economy represents a crucial part not only of our sustainability strategy but also our business ambitions as a Global Hausbank for families and entrepreneurs.”
The combined goal is to take the sport and its sustainability ambitions to new levels by educating people, bringing fans closer to the action and delivering world-class experiences to clients worldwide. In addition, joining forces at an early stage gives the Germany SailGP Team and Deutsche Bank the unique opportunity not only to support existing projects, but also to develop pioneering strategies in the field of sustainability together and to move in a common direction.
As part of the sponsorship agreement, the racing boat and apparel carries Deutsche Bank’s logo. Furthermore, the bank will also enjoy a range of sponsor benefits, including marketing and social media rights. Both parties have agreed not to disclose the precise sponsorship costs.
Competing for speed and sustainability
In addition to sporting success, the individual SailGP Teams are also evaluated in terms of their impact on the environment. This includes the drastic reduction of waste, electricity consumption, travel activities and the measurement of CO2 emissions caused by flights to the races, for example. Furthermore, the athletes want to act as role models who have a positive impact on society. For this purpose, the sailors will work together with purpose partners and drive existing projects further with their support to contribute to a more sustainable future and sport.
Deutsche Bank’s blue economy commitment
In 2019, Deutsche Bank’s Chief Investment Office identified the oceans as a strategic macroeconomic risk and enabler, and in 2021 became the first bank to partner with the Ocean Risk and Resilience Action Alliance (ORRAA) as a full member to build its knowledge and network, including those in ocean research and conservation in close collaboration with its Chief Investment Office. Launched in October 2022, the Deutsche Bank Ocean Resilience Philanthropy Fund aims to quickly deploy unrestricted funds in response to the great challenge of ocean degradation.
For further information:
Germany SailGP Team
Andrea Hoeppner und Eva Puschmann
Hoeppner Sport- und Markenkommunikation GmbH
sailgp@hoeppner-kommunikation.de
Phone: +49 40 271 636 30
Deutsche Bank Media Relations
Communications Private Bank Germany
Julia Yesil
Email: julia.yesil@db.com
Communications Private Bank International
Melissa van Anraad
Email: melissa.van-anraad@db.com
About the Germany SailGP Team
Germany was the latest nation to join the sail racing league in May this year and has since competed in races in Chicago, Los Angeles, Saint Tropez and Taranto. Germany SailGP is a seven-sailor-strong team, including driver Erik Heil, double Olympic sailing bronze medalist and former Deutsche Sporthilfe grant holder, and Kahena Kunze, the team’s strategist and two-time Olympic champion. The Germany SailGP Team is owned by Thomas Riedel and four-time Formula 1 world champion Sebastian Vettel. Both Riedel and Vettel are actively advising the team.
About SailGP
With the ambition to be the world’s most sustainable and purpose-driven global sports and entertainment platform, SailGP is the world’s most exciting racing on water and features sailing’s best athletes racing in identical F50 catamarans at record-breaking speeds approaching 100 km/h. SailGP also races for a better future, championing a world powered by nature and has set a target to become 100% powered by clean energy, both on and off the water, by 2025. The championship is endorsed by leading bodies such as the UN. For example, SailGP achieved triple-gold recognition in the United Nations Climate Neutral Now initiative. For more information please visit sailgp.com
About Deutsche Bank
Deutsche Bank provides retail and private banking, corporate and transaction banking, lending, asset and wealth management products and services as well as focused investment banking to private individuals, small and medium-sized companies, corporations, governments and institutional investors. Deutsche Bank is the leading bank in Germany with strong European roots and a global network. For more information please visit deutschewealth.com
This release contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and projections as they are currently available to the management of Deutsche Bank. Forward-looking statements therefore speak only as of the date they are made, and we undertake no obligation to update publicly any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and uncertainties. A number of important factors could therefore cause actual results to differ materially from those contained in any forward-looking statement.
Such factors include the conditions in the financial markets in Germany, in Europe, in the United States and elsewhere from which we derive a substantial portion of our revenues and in which we hold a substantial portion of our assets, the development of asset prices and market volatility, potential defaults of borrowers or trading counterparties, the implementation of our strategic initiatives, the reliability of our risk management policies, procedures and methods, and other risks referenced in our filings with the U.S. Securities and Exchange Commission.
Such factors are described in detail in our SEC Form 20-F of 17 March 2023 under the heading “Risk Factors”. Copies of this document are readily available upon request or can be downloaded from www.db.com/ir.
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