Better Health for All

Deutsche Bank provided a €149 million, seven-year loan for the development and construction of two new hospitals in Kong and Odienné, Côte d'Ivoire

, a country with a population of 31 million where 84% of the African population relies on public healthcare . The company's core financial products and services have no significant positive or negative health impact. There is no evidence of revenue from products with negative health outcomes, direct safety implications, or health risks requiring transparency. The company's business model does not directly involve offering health-related products or services, or serving vulnerable populations with health needs. No evidence is available regarding healthcare workforce support, preventative health measures, health data management, mental health initiatives, pharmaceutical patents, nutrition, health education, addiction mitigation, clinical trials, or global health crisis response. Specific percentage data required by the rubric for health innovation investment and health equity programs is not available, leading to their omission.

Fair Money & Economic Opportunity

The U.S. Department of Justice filed a lawsuit against Deutsche Bank and its subsidiary MortgageIT, alleging mortgage fraud and misrepresentation in obtaining Federal Housing Administration (FHA) insurance.

This led to the Department of Housing and Urban Development (HUD) paying $386 million in FHA insurance claims as of February 2011, related to Deutsche Bank's mortgage approvals. Conversely, Deutsche Bank has received an 'Outstanding' rating for its Community Reinvestment Act (CRA) performance for 25 consecutive years, including the most recent assessment covering 2015-Q1 2018.

Fair Pay & Worker Respect

The company's safety record shows a Lost Time Injury Frequency (LTIF) of 22.2 in 2023 with 4 fatal accidents, and an LTIF of 21.4 in 2024 with 0 fatal accidents.

In 2024, 94.4% of employees were covered by collective bargaining agreements. The UK median hourly gender pay gap in 2022 was 25.7%, indicating women earned 74.3% of men's median hourly pay. The employee engagement score in 2024 was 69.89. The voluntary staff turnover rate in 2022 was 10.1%. Approximately 5% of the DB Group workforce was on non-permanent contracts in 2024.

Fair Trade & Ethical Sourcing

Deutsche Bank, as a financial services company, does not procure or trade physical commodities, rendering the 'fair_trade_cert_share' and 'materials_risk_index' KPIs not applicable. The company has identified no violations of human rights- or environment-related obligations, including child labor, forced labor, or human trafficking.

This is supported by its annual German Supply Chain Due Diligence Act (SCDDA) risk analysis of its own business area and direct suppliers, and a Supplier Code of Conduct, demonstrating strong supplier-monitoring systems.

Honest & Fair Business

Deutsche Bank's anti-corruption policy was insufficiently implemented and monitored, with requirements for due diligence, contract documentation, and proportionality of payments not consistently followed.

This led to FCPA violations, including hiring relatives of foreign government officials for influence, a scheme to defraud traders, and falsifying records to conceal corrupt payments to third-party intermediaries in Abu Dhabi, Saudi Arabia, Italy, and China. The company failed to maintain adequate internal accounting controls to prevent these payments. Separately, the German regulator BaFin criticized Deutsche Bank for an incomplete disclosure of 2.076 billion euros ($2.26 billion) in deferred tax assets in its 2019 financial statement for its US business, citing a lack of explanation for years of losses and projected future profitability. This was a disclosure error, not a financial restatement.

Kind to Animals

As a financial services company, Deutsche Bank's core business model does not involve direct animal-related activities such as product manufacturing, animal testing, or animal agriculture. Consequently, KPIs related to cruelty-free certification, alternative testing usage, humane certified operations, ethical input substitution, supplier audits, cage-free sourcing, animal testing policy and volume, innovation investment in animal-free technologies, animal agriculture ethics, and animal-free R&D collaboration are not applicable. Regarding wildlife conservation impact, the bank collaborates on initiatives like an eDNA sampling project that detected endangered species

and has policies against financing deforestation of primary tropical forests. It also signed the #BackBlue ocean finance commitment in December 2023 and is a member of the Ocean Risk and Resilience Action Alliance (ORRAA) since 2021. However, specific quantitative metrics on species recovery or habitat restoration directly attributable to the bank's initiatives, or the percentage of revenue invested in conservation, are not provided to align with the rubric's thresholds, leading to its omission. For public policy engagement, Deutsche Bank participates in broader sustainability and nature-related initiatives such as the Taskforce on Nature-related Financial Disclosures (TNFD) and engages with UNEP and Principles for Responsible Banking. However, the evidence does not specifically detail active engagement in animal welfare policy improvement or advocacy for higher animal welfare standards, leading to its omission.

No War, No Weapons

Deutsche Bank has codified ethical red lines in its policy on Controversial Weapons, updated in May 2018

and expanded in March 2019. This policy explicitly avoids business relationships with entities having clear, direct links to Cluster Munitions, Anti-Personnel Mines, Chemical, Biological, Radiological, Nuclear Weapons, and Controversial Conventional Weapons. It also includes exclusions for civilian-use automatic and semi-automatic firearms and human-out-of-the-loop weapon systems. However, public records show ongoing financial links to the defense industry. Deutsche Bank has invested €2.6 billion in 11 arms companies and provided €1.8 billion in direct finance to 7 of these companies between November 2015 and January 2019. Specific examples include a €57 million loan and a €418 million investment in Raytheon, and €730 million in finance to MBDA. Both Raytheon and MBDA have exported missiles to Saudi Arabia, which have been implicated in civilian deaths. Deutsche Bank has also increased its exposure to the defense industry by a "double-digit billion" euro amount and is supporting the establishment of the Defence, Security and Resilience Bank (DSRB) to provide loans to allied member states and defense contractors.

Planet-Friendly Business

Deutsche Bank's total Scope 1, 2, and 3 greenhouse gas emissions, including financed emissions, were 35.3 MtCO2e in 2024.

The company's targets are based on the Science Based Target initiative (SBTi) using a 1.5°C scenario, but specific details on SBTi validation are not provided. 97% of the company's global electricity consumption was sourced from renewables in 2024. Capital expenditure aligned with the EU Sustainable Taxonomy was 1.2% in 2024. For carbon offsets purchased in 2024, 70.5% were Gold Standard, 26.5% Verified Carbon Standard or Verra, and 3% Puro. In 2024, 215 out of 400 of its largest suppliers responded to the Carbon Disclosure Project (CDP) climate change questionnaire.

Respect for Cultures & Communities

Deutsche Bank has a policy not to finance activities located within or in close proximity to World Heritage Sites unless there is prior consensus with the government and UNESCO that such operations will not adversely affect the site's Outstanding Universal Value.

No cultural appropriation incidents have been reported for the company.

Safe & Smart Tech

Deutsche Bank confirmed a data breach at a service provider, Majorel, which impacted thousands of its customers in Germany.

The breach, caused by a MOVEit Transfer exploit with a vulnerability known prior to May 31, 2024, exposed customer names and account numbers for those who used the bank's account switching service in 2016, 2017, 2018, and 2020. Deutsche Bank informed affected customers and extended the period for unauthorized direct debit returns to 13 months. The bank's internal systems were not directly affected. Additionally, Deutsche Bank states that users have the right to access, correct, delete, or block their data, in compliance with applicable law. The company also mentions compliance with the EU General Data Protection Regulation (GDPR).

Zero Waste & Sustainable Products

Deutsche Bank reported a waste diversion rate of 44% in 2022.

The company used 18.8% recycled content in its copy/print paper in 2022. Deutsche Bank has implemented several waste reduction initiatives, including converting its card portfolio to recycled materials and establishing a card recycling program. Additionally, it is reducing paper usage through digitalization and has implemented reusable coffee cups and food containers in its canteens.