Deutsche Bank Transition toward a sustainable and climate-neutral economy Non-Financial Report 2022 Sustainable finance Progress toward target GRI FS8 In 2022, Deutsche Bank achieved a cumulative sustainable financing and investments volume of € 215 billion (excluding DWS), thus outperforming its target of at least € 200 billion by year end 2022. The volume includes financing, bond issuance and sustainable assets under management in the Private Bank which have been facilitated since January 1, 2020. The ESG assets managed by DWS are not included in this figure as DWS operates as a separate legal entity that set its own sustainability strategy. In 2022, Deutsche Bank achieved an incremental sustainable financing and investments volume of € 58 billion (excluding DWS), compared to incremental € 112 billion in 2021 and € 46 billion in 2020. Decrease of the financing volumes compared to the prior year reflects lower levels of sustainability activities as companies prioritized their responses to the macro-economic and geo-political uncertainty and reduced lending and refinancing in a rising interest rate environment. Lower issuance volumes compared to the prior year reflect reduced primary issuance activity and volatile conditions in the global capital markets in 2022. Assets under management reported in the Private Bank include a net negative adjustment reflecting regulatory and market driven classification and advisory changes which came into force in August 2022. The contributions of Corporate Bank, Investment Bank including Fixed Income and Currencies and Origination and Advisory, Private Bank including Private Bank Germany and International Private Bank are summarized in the graphic and the tables below. Further details on the progress of individual businesses are provided in their respective chapters. 1 Numbers may not add up due to rounding Sustainable financing and investments – cumulative volumes per business Dec 31, 2022 Assets under 1 2 in € bn. Financing Issuance Management Total Corporate Bank 40 0 0 40 Investment Bank 38 90 0 128 Fixed Income and Currencies 31 27 0 58 Origination and Advisory 6 64 0 70 Private Bank 10 0 37 48 Private Bank Germany 9 0 23 32 International Private Bank 1 0 15 16 Total 88 90 37 215 1 Numbers may not add up due to rounding 2 Stock value at period end Dec 31, 2021 Assets under 1 2 in € bn. Financing Issuance Management Total Corporate Bank 26 0 0 26 Investment Bank 24 63 0 87 Fixed Income and Currencies 21 18 0 39 Origination and Advisory 3 45 0 48 Private Bank 8 0 36 44 Private Bank Germany 7 0 17 24 International Private Bank 0 0 20 20 Total 58 63 36 157 1 Numbers may not add up due to rounding 2 Stock value at period end 21
Deutsche Bank Non Financial Report Page 21 Page 23