Deutsche Bank sets strict emissions targets across corporate loans
The bank is vetting carbon-intensive loans and phasing out clients that refuse to align with its net zero strategy.
New Deutsche Bank emissions targets for coal, cement and shipping clients mean that 55% of its corporate loan portfolio is now on a net zero pathway.
With tougher emissions vetting on loans of over ā¬25 million, a quarter of deals are now getting ākicked back to be renegotiatedā on the basis of clientsā weak net zero plans, Deutsche Bankās Chief Sustainability Officer Jƶrg Eigendorf says.
