Our contribution to a low-carbon economy starts with our own operations, which we try to make as efficient as possible. Since 2008, we have been aiming to reduce Deutsche Bank’s direct carbon footprint by 20 percentage points a year, and subsequently achieved carbon neutrality for our business operations by the end of 2012.
We have achieved this by investing in energy efficiency measures, purchasing electricity from renewable sources, and offsetting unavoidable emissions by purchasing certificates from high-quality emission reduction projects.
In 2015, more than 230,000 tCO2e of emissions were avoided by purchasing renewable electricity. All offsetting projects we invested in complied with well-recognized global standards such as the Gold Standard (50 %) or the Verified Carbon Standard. These projects support climate change mitigation and economic development in Africa, the Americas, and Asia.
Our greenhouse gas data systems and processes of achieving carbon neutrality were again subject to external assurance. See also CR portal: eco-efficiency data
In compliance with the German regulation on energy audits of corporate facilities, Deutsche Bank decided to apply the ISO 50001 standard (energy management) for its German home market. This means that we will set up a certified quality management process for our energy consumption, including reduction goals and measures that will capture wider energy sources, such as business travel.