Deutsche Bank's ESG strategy includes dedicated ESG teams in each business unit to help clients achieve net-zero commitments. The process involves a thorough footprint analysis, assessment of transition strategies, addressing data gaps, identifying support opportunities, and monitoring progress. The implementation of this strategy heavily relies on data integration and management, with AI playing a crucial role in collecting and interpreting data. Deutsche Bank is also showcasing its decarbonization efforts at COP 28 in Dubai, highlighting the contributions of German companies to this global cause.
Key takeaways:
- Earth Overshoot Day is the date when humanity’s demand for ecological resources in a given year exceeds what Earth can regenerate in that year. This year, it was on August 1st.
- Deutsche Bank has created a transition plan which details pathways for high emitting sectors. The plan focuses on the bank’s own operations, its supply chain, and financing provided to clients.
- Deutsche Bank's ESG strategy includes having dedicated ESG teams in each business unit to help clients achieve net-zero commitments. The teams conduct a thorough footprint analysis followed by an assessment of transition strategies.
- Deutsche Bank is leveraging technology and AI to integrate sustainability into their business processes and manage the vast amount of data in their transition plans.