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Deutsche Bank Transition toward a sustainable and climate-neutral economy Non-Financial Report 2022 Sustainable finance At year end 2022, International Private Bank had € 16 billion in sustainable financing and investments compared to € 20 billion at year end 2021. The reduction in sustainable assets under management compared to the prior year primarily reflects regulatory (EU) and subsequent market driven classification and advisory modifications which came into force in August 2022. Highlights Following the launch of the Deutsche Bank Ocean Resilience Philanthropy Fund by International Private Bank, committed funds were donated in 2022 to support phase 1 of the Future Climate Coral Bank project, the first to be enabled by the Fund. This first project phase sought to establish a greater understanding of the past and present conditions of the Maldivian coral reefs and the supporting report (*) with a focus on recent coral bleaching events, inter alia , was published in October 2022. Continuing the partnership with the Ocean Risk Resilience Action Alliance, International Private Bank hosted its first Ocean Conference in September 2022 with leading entrepreneurs, investors, philanthropists ocean startups and scientists. International Private Bank converted its flagship Strategic Asset Allocation fund in August 2022 to meet its defined ESG criteria and enabled the assets under management to be included in the sustainable volumes. International Private Bank continued to develop innovative and impactful structured products, such as Green Bonds which contributed to sustainable assets under management, but also included a donation of a substantial part of the distribution margin to local non-profit organizations such as River Cleanup and Farming for Climate, as well as to the DB Ocean Resilience Philanthropy Fund. International Private Bank increased its contribution to sustainable financing volumes with additional financing for clients with sustainable business models. For example, International Private Bank provided supporting financial facilities and guarantees on power purchase agreements to renewable energy distributers in Spain. Asset Management Overview GRI 2-9/23, 201-2, FS11, FS12 With € 821 billion of assets under management as of December 31, 2022, the Asset Management division, which operates under the brand DWS, aspires to be one of the world’s leading asset management organizations. DWS serves a diverse client base of retail and institutional investors worldwide, with a strong presence in the bank’s home market in Germany. These clients include government institutions, corporations and foundations as well as individual investors. As a regulated asset manager, DWS acts as a fiduciary for clients and is conscious of its societal impact. Responsible investing has been a key part of DWS’s heritage for more than twenty years. DWS sustainability strategy DWS is further refining its approach regarding sustainability to better meet the evolving needs of its stakeholders – most importantly its clients. In this context, DWS remains committed to sustainability with a focus on climate and stakeholder engagement. 33

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