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 âŹ25 million, a quarter of deals are now getting âkicked back to be renegotiatedâ on the basis of clientsâ weak net zero plans, Deutsche Bankâs Chief Sustainability Officer Jörg Eigendorf says.
