Deutsche Bank expects 95% of investments to incorporate environmental, social and governance (ESG) factors by 2030. That is just one of the reasons why it set up an ESG team within its capital markets unit last April. During 2020, the bank rose from 13th place in the league table for euro ESG bond issuance to sixth.
“The bank has upgraded its ESG ambitions and credentials in the past 18 months,” explains Gerald Podobnik, chief financial officer of Deutsche Bank’s corporate bank division. As well as being co-chair of the bank’s sustainability council, Mr Podobnik is also a member of the German government’s Sustainable Finance Advisory Council.
