Deutsche Bank Transition toward a sustainable and climate-neutral economy Non-Financial Report 2022 Sustainable finance Highlights The African Agriculture and Trade Investment Fund promotes sustainable agriculture. In line with its mandate of aiming to positively impact agricultural production with particular focus on smallholder farmers in Africa, the African Agriculture and Trade Investment Fund assesses its progress and impact on seven key outcome areas including employment, primary agricultural production, local processing, trade, outreach to agricultural producers, environment, and the environmental and social management system at the level of the investee company. During 2022, the African Agriculture and Trade Investment Fund disbursed U.S.$ 71 million. The Fund expanded its footprint in Western Africa providing loan facilities to UBN Nigeria as well as to Ecowas bank with a goal to support the reduction of the widening financing gap across the African agriculture sector. As of March 2022, the African Agriculture and Trade Investment Fund investees produced and delivered more than 342,000 tons of food and food related products and reached out to 272,000 smallholder farmers. The China Renewable Energy Fund is a climate mitigation private equity strategy exclusively investing in wind and solar renewable energy to supporting a Net Zero aligned corporate and its suppliers in China to neutralize their local carbon footprint through market mechanism by developing renewable energy sites in China. The clean energy generated from respective renewable energy sites are the basis for the fund to receive green certificates or Environmental Attributes, which are distributed to investors in addition to financial return. As of 2022-end, the operating portfolio of the China Renewable Energy Fund amounted to 465MW in total, which generated Environmental Attributes of more than 924GWh annually. During 2022, the fund added three new projects amounting to 396MW in installed capacity (to become operational in 2023 onwards). The European Energy Efficiency Fund aims to mitigate climate change by investing exclusively in energy efficiency, renewable energy, and urban transport where there is minimum 30% CO2 emissions savings and/or equivalent primary energy avoidance. The fund supports the climate goals of the European Union (EU 2030 framework for climate and energy and the climate-neutral objectives of the European Green Deal). As of the fourth quarter of 2022, the European Energy Efficiency Fund held a portfolio of 17 investments and achieved an average of more than 60% reduction of carbon emissions across its portfolio. During 2022, the European Energy Efficiency Fund raised U.S.$ 97 million from a large insurance company and corporate pension fund, as an attestation to the scalability for a blended finance fund with a 10+ year track record. The Universal Green Energy Access Program is a climate mitigation private debt strategy that aims to reduce GHG emissions by investing in decentralized energy service companies for off grid and mini-grid systems for rural households and communities and renewable energy for industrial players. Set up as a blended finance fund, this is the first fund for Deutsche Bank/DWS to be launched with the UN Green Climate Fund, to increase access to clean electrical energy for mainly rural populations in Sub-Saharan Africa. The fund was launched at COP26 in 2021 with U.S.$ 80 million committed from the Green Climate Fund as well as up to U.S.$ 15 million from DWS and aims for operationalization in early 2023. 37