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Thought Leadership & Stakeholder Engagement
We aim to play a pivotal role for government agencies, academia, and interest groups to accelerate standard setting locally and internationally.
The United Nations Environment Programme Finance Initiative (UNEP FI) is a partnership between the United Nations and the financial sector to support sustainable development. UNEP FI is a collaborative effort – the initiative works with more than 300 members including banks, insurers and investors – to create a financial sector that serves people and the planet while delivering positive impacts.
We are a member of a working group set up by the PDF UNEP FI Positive Impact Initiative to focus on mainstreaming impact analysis in the financing of the UN Sustainable Development Goals (SDGs). The working group made up of representatives from banks, investors and advisors is developing and testing the methodology for impact analysis in corporate finance with unspecified use of proceeds.
The working group developed a Corporate Impact Analysis Tool intended as a resource for banks and investors seeking to develop, or redevelop, their own proprietary methodologies for impact identification, and to identify potential areas of impact target setting.
Furthermore, we are a member of the Task Force on Climate-related Financial Disclosure (TCFD) working group supported by the UNEP Secretariat and external consultants with the aim of further developing risk management practices and ultimately moving towards implementation of the TCFD recommendations.
The working groups support banks in fulfilling their commitment to the UN Principles for Responsible Banking.
Net-Zero Banking Alliance
Deutsche Bank is a founding member of the Net-Zero Banking Alliance, an industry-led and UN-convened group of leading global banks committed to financing ambitious climate action. The Alliance supports member banks to design, set, and achieve credible science-based net-zero targets for 2030 or sooner. Meeting these targets would unlock the trillions of euros necessary to transition the global economy to net-zero greenhouse gas emissions by 2050. Deutsche Bank participates in several alliance working groups, for example by sharing emerging practice in climate-related target setting and strategies in the oil & gas and real estate sectors. Following on the climate commitment of the German financial sector, Deutsche Bank is also engaged in the local market within the working group of the Net-Zero Banking Alliance Germany.
dbSustainability dbSustainability
dbSustainability is a dedicated sustainability research platform providing thought-provoking, value-added and aligned content spanning thematic, macro, quantitative and individual company analysis.
Sustainable Finance Committee
One Deutsche Bank employee is member of the Sustainable Finance Committee inaugurated by the German federal government in June 2019 to support the development of a national sustainable finance strategy.
Banking Environment Initiative
As a member of the Banking Environment Initiative, in 2019, we collaborated in Bank 2030, a project that set out to understand how banks can accelerate the financing of a low-carbon economy and develop a vision for climate progressive banks.
Additionally to the ones mentioned above we are also:
- contributing to the discussions on developments in sustainable finance with trade associations, and responding to consultations, including those from the European Banking Association, the Network for Greening the Financial System and the Technical Expert Group set up by the European Commission.
- taking part in a number of innovative initiatives at a global, EU and national level.
- In August 2019, Deutsche Bank became one of the founding members of the Value Balancing Alliance (VBA).
Together with seven other corporations and the support of the four global accounting firms, we have committed ourselves to working collaboratively on the development of a standardized Impact Measurement and Valuation (IMV) model. It is intended to increase transparency of the value companies generate for society.
The external effects are to be measured and reported as costs or social value contributions. Experts from the bank are in regular contact with the VBA and contribute their experience to the development of the model. This should also ensure that the results of the VBA are applicable in practice.
Additionally, Deutsche Bank is conducting an internal pilot project to identify its main areas of impact and to test approaches to evaluate them.