Priya PatelTLDR:
Deutsche Bank released a new Sustainable Finance Framework to classify transactions and financial products as “sustainable,” with a target to reach €500 billion in sustainable financing and investment volumes by 2025. The framework includes enhanced eligibility criteria aligned with the EU Taxonomy and received a second party opinion from ISS ESG confirming its alignment with market practices.
Key Elements:
- Deutsche Bank’s new Sustainable Finance Framework outlines methodologies and procedures for classifying sustainable transactions and products.
- The bank aims to achieve €500 billion in sustainable financing and investment volumes by 2025, with €279 billion reached by the end of 2023.
- The framework includes criteria based on the EU Taxonomy for environmental and social sustainability and received validation from ISS ESG.
- Chief Sustainability Officer, Jörg Eigendorf, highlighted the transparency and alignment with credible criteria in the framework.
Deutsche Bank announced the release of a new Sustainable Finance Framework, detailing the methodologies and criteria used to classify transactions and financial products as “sustainable.” The bank aims to reach €500 billion in sustainable financing and investment volumes by 2025, with €279 billion achieved by the end of 2023. The framework incorporates eligibility criteria based on the six objectives of the EU Taxonomy for environmental sustainability and outlines social sustainability criteria. It also received validation from ISS ESG, confirming its alignment with market practices. Chief Sustainability Officer, Jörg Eigendorf, emphasized the framework’s transparency and role in achieving the bank’s sustainability targets.
