Deutsche Bank Transition toward a sustainable and climate-neutral economy Non-Financial Report 2022 Sustainable finance Private Bank Private Bank wants to be a trustworthy partner for its clients on their path to sustainability and wants to contribute to an environmentally sound, socially inclusive and well governed economy and society. Private Bank provides its clients with differentiated ESG advisory and solutions, in Germany with two complementary brands – Deutsche Bank and Postbank – for private clients as well as internationally with focus on wealthy individuals, entrepreneurs and family associations, as well as small and medium enterprises in selected European countries. In 2022, Private Bank continued its ESG program, launched in 2021, and further propelled its transformation. The corresponding teams coordinate the implementation of the objectives derived from Private Bank‘s ESG vision, in particular the integration and coordination of advisory approaches, products and processes. Based on Deutsche Bank Group’s framework that evolved along with regulatory and market requirements, Private Bank applied its “Sustainable Investment Classification Criteria” and further refined them in 2022 taking into consideration sustainability criteria defined under Markets in Financial Instruments Directive II. Compliance with the criteria is checked on a daily basis as part of an automated product governance. An important milestone was the integration of sustainability criteria in the advisory process compliant also to the regulatory requirements of Markets in Financial Instruments Directive II. These regulatory requirements apply to all legal entities and business units of Private Bank based in the European Union and/or provide financial services to European clients. This involves asking for and considering the client’s sustainability preferences based on a defined and reliable process. Private Bank’s respective target market concept takes into account the process of discretionary portfolio management services and its equities, exchange-traded and mutuals funds, bonds and structured products. Private Bank Germany Overview GRI 201-2, FS4, FS14 Private Bank Germany aims to meet private client’s growing demand for ESG compliant products and services by providing best-in-class transparency and leading advisory on ESG. In 2022, Private Bank Germany proceeded on its path to an ESG integrated business model by anchoring sustainability in its business activities ranging from ESG compliant products and advisory processes to remote customer advice. Private Bank Germany applied Private Bank’s updated “Sustainable Investment Classification Criteria” and aligned its processes and product portfolio with regards to the key regulatory developments in 2022: – In July 2022, Private Bank Germany implemented an adjusted advisory process compliant to the ESG requirements of Markets in Financial Instruments Directive II – On the Private Bank Germany platform, ESG investment product portfolio was further extended; it included mutual funds with an ESG-related thematic investment approach (Pictet Nutrition, DWS Invest ESG Next Generation Infrastructure), equity funds converted to ESG (DWS ESG Akkumula or BSF Sustainable Fixed Income Strategies) and Green Bonds issued by Deutsche Bank; funds must meet minimum requirements to be considered as an ESG fund, including whether the funds have a dedicated ESG strategy, consider specific exclusions and meet a minimum MSCI ESG rating; at year end 2022, Private Bank Germany offered a total of 32 actively managed ESG funds, eight more than a year earlier Sustainable construction and energy-efficient modernization are strategic topics in the real estate business, both in existing properties and new buildings. Private Bank Germany offers a sustainability package providing financing solutions including a climate loan with interest rate reduction and supporting services. Through BHW Bausparkasse AG (BHW AG), a directly held Deutsche Bank subsidiary. Following Deutsche Bank’s Sustainability Framework, BHW defines sustainability standards with additional specifications for its products and services. The introduction of ESG advisory concept, which began in 2021, was continued in 2022 and was completed in all 400 Deutsche Bank branches and seven regional advisory centers. For the Postbank brand, an initial pilot was carried out at six locations, which is aimed to be developed further in the first quarter of 2023. The ESG advisory concept comprises a broad qualification program for employees and makes sustainability tangible for clients in the branches through visible design elements. Deutsche Bank eSafe is a digital safe connected to the client’s bank account. In addition to digital bank and deposit statements, documents such as copies of identity cards, contracts or passwords can be stored here. 30