12/04/2024
Deutsche Bank’s New Sustainable Finance Framework
Social responsibilityDeutsche Bank’s New Sustainable Finance Framework
Deutsche Bank has unveiled its latest Sustainable Finance Framework, detailing methodologies and criteria for classifying transactions and financial products as “sustainable.”
This marks the second framework release, with the initial one launched in July 2020 as part of the bank’s commitment to achieving over €200 billion in sustainable financing and ESG investments by 2025, a goal later raised to €500 billion.
Notable updates in the new framework include enhanced eligibility criteria, alignment with market associations’ guidance, and heightened transparency commitments, with progress updates included in financial reports.
Eligibility criteria for environmentally and socially sustainable activities align with EU Taxonomy objectives, reflecting the bank’s dedication to sustainability practices.
The framework received a positive second-party opinion from ISS ESG, confirming alignment with market practices and the bank’s sustainability criteria.
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