Deutsche Bank Transition toward a sustainable and climate-neutral economy Non-Financial Report 2022 Sustainable finance The Global Emerging Markets business has a strong market leadership and footprint in developing novel ESG solutions by structuring and executing innovative and award winning ESG-linked financing and risk management solutions for its global client base. In addition, Global Emerging Markets provides primary and secondary trading for green and social bonds issued by supranational institutions in emerging market currencies which amounted to around € 3 billion through seven issuances in 2022. Overall, Global Emerging Markets franchise contributed € 0.9 billion towards bank’s sustainable financing and investments volumes target for 2022. The Global Foreign Exchange business has been a pioneer in ESG linked derivatives, structuring innovative solutions to answer the needs and requirements of the clients. Deutsche Bank aims to continue to innovate in this space by helping its clients align their ESG strategy with their hedging strategies. Fixed Income and Currencies recognizes the transformative power of financial inclusion of underserved communities that often lack access to financial services. Fixed Income and Currencies is committed to raising private debt capital that provides long-term financing to microenterprises and small and medium enterprise. For example, in 2022, Fixed Income and Currencies underwrote two subordinated tranches for issuance on behalf of a European impact fund that is dedicated to promoting business and consumption practices that contribute to biodiversity conservation, the sustainable use of natural resources and to mitigate climate change and adapt to its impacts, in Latin America, the Caribbean and sub-Saharan Africa. Progress toward target GRI FS8 Sustainable financing and investments – Fixed Income and Currencies (cumulative volumes) Contribution in 1 in € bn. Dec 31, 2022 2022 Dec 31, 2021 Dec 31, 2020 Financing 31 11 21 6 Issuance 27 8 18 2 2 Assets under Management 0 0 0 0 Total 58 19 39 8 1 Numbers may not add up due to rounding 2 Stock value at period end At year end 2022, Fixed Income and Currencies had € 58 billion in cumulative sustainable financing and investments since the beginning of 2020. In 2022, Fixed Income and Currencies contributed € 19 billion in sustainable financing volumes compared to € 31 billion in 2021. The reduction in the Global Financing and Credit Trading and Rates businesses mainly reflected a higher interest rate environment generally constraining lending and refinancing, as well as lower capital markets issuance. Of the € 19 billion incremental volumes reported in 2022, € 7.6 were loans and facilities (€ 3.1 billion corporate loans, € 1.6 billion commercial real estate, € 0.1 billion asset finance, € 2.8 billion project finance), € 11.2 billion bonds and € 0.2 billion derivatives. Highlights Deutsche Bank originated and securitized € 447 million, its first solo ESG deal for the acquisition of Hudson Commons, a Leadership in Energy and Environmental Design Platinum office property. This was also the bank’s first fixed rate Commercial Mortgage-backed Securities priced to Secured Overnight Financing Rate Swaps. Deutsche Bank acted as Sole Sustainability Coordinator to implement a sustainability-linked loan structure for the € 1.5 billion financing to Delta Fiber, a leading Dutch fiber network operator sponsored by EQT & Stonepeak. The KPI structure addresses the most material ESG topics through three KPIs. Deutsche Bank has executed multiple loans worth € 17 million with Dominium that were used to construct 803 affordable multifamily units in Phoenix, Arizona (AZ) and Woodbury, Minnesota (MN) USA. These projects will provide high-quality, safe and affordable housing for families and seniors that earn less than 60% of the area’s median incomes. This transaction encourages more activity in the space as a new source of affordable housing financing that meets unmet demand nationwide. 27