Sustainable investments: Deutsche Bank wants to do more for climate protection

Deutsche Bank wants to make a contribution to climate protection through more targeted financing.

Sustainable investments: Deutsche Bank wants to do more for climate protection

Deutsche Bank wants to make a contribution to climate protection through more targeted financing. The bank is aiming to "significantly reduce the sum of financed emissions by 2030" in the four particularly carbon-intensive sectors of oil and gas, energy suppliers, the automotive industry and steel, said Germany's largest financial institution in Frankfurt.

"The aim is to support a gradual and orderly phase-out of fossil fuel use. At the same time, incentives are to be created for the financing of lower-carbon technologies and for credible transformation plans in companies," emphasized Deutsche Bank. It is about financing "transitional strategies and concrete measures on the way to net-zero emissions by 2050".

The Paris climate agreement of 2015 sets the goal of stopping global warming at 1.5 degrees if possible and thus preventing the worst consequences of climate change. In view of the progressing climate change, environmentalists and scientists are repeatedly calling for greater efforts, for example to reduce emissions of the greenhouse gas carbon dioxide (CO2).

There are now numerous efforts in the financial sector to improve climate protection.

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