Deutsche Bank
Deutsche Bank AG, a leading global investment bank, is headquartered in Frankfurt, Germany. Established in 1870, the bank has evolved into a key player in the financial services industry, with a strong presence across Europe, the Americas, and Asia-Pacific. Deutsche Bank offers a diverse range of services, including corporate banking, investment banking, asset management, and private wealth management, distinguished by its commitment to innovation and client-centric solutions. Over the years, Deutsche Bank has achieved significant milestones, including its role in major financial transactions and its adaptation to changing market dynamics. With a robust market position, the bank is recognised for its expertise in capital markets and risk management, making it a trusted partner for clients worldwide. Its unique blend of global reach and local knowledge sets Deutsche Bank apart in the competitive financial landscape.
DitchCarbon Score
How does Deutsche Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Deutsche Bank's score of 75 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Deutsche Bank's reported carbon emissions
In 2024, Deutsche Bank reported total carbon emissions of approximately 169,780,000 kg CO2e for Scope 1, 16,356,000 kg CO2e for Scope 2 (market-based), and a significant 677,171,000 kg CO2e for Scope 3 emissions. The Scope 3 emissions are primarily driven by purchased goods and services, employee commuting, and business travel. In comparison, the 2023 emissions were approximately 15,636,000 kg CO2e for Scope 1, 17,956,000 kg CO2e for Scope 2 (market-based), and 647,793,000 kg CO2e for Scope 3. Deutsche Bank has set ambitious reduction targets, aiming for a 30% reduction in gasoline consumption from its car fleet by 2025 and achieving carbon neutrality in its electricity production by 2035. The bank also plans to reduce total energy consumption by 30% by 2025 compared to a 2019 baseline. Furthermore, it aims for a 23% reduction in Scope 3 upstream financed emissions by 2030 and a 90% reduction by 2050. The bank's commitment to sustainability includes a target to achieve net-zero emissions across all scopes by 2050, with specific interim goals for Scope 1 and 2 emissions to reach net-zero by 2025. These initiatives reflect Deutsche Bank's dedication to addressing climate change and reducing its carbon footprint in alignment with global sustainability standards.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 50,273,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 104,671,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 2,127,013,000 | 0,000,000,000 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Deutsche Bank is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
