Deutsche Bank Transition toward a sustainable and climate-neutral economy Non-Financial Report 2022 Climate risk DWS will continue to work with organizations and initiatives to further evolve existing standards and to set new standards, specifically with the Paris Aligned Investment Initiative and the Net Zero Asset Owner Alliance. Over the forthcoming years, DWS aims to further work with clients, fund boards and legal entities on its decarbonization goals and to put more assets in scope step by step in line with further regulation and evolving methodologies. In 2023 DWS aims to adopt and implement a coal policy as a next step to deliver on its net zero commitments and act in accordance with the Net Zero Asset Managers initiative. To support those activities and to ensure a seamless implementation of net zero targets for in-scope assets and its operations DWS has established a dedicated net zero governance framework. The commitment towards net zero is also reflected in new product launches; in 2022 DWS launched seven dedicated Net Zero Pathway, Paris aligned Exchange Traded Funds. 51