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 €25 million, a quarter of deals are now getting “kicked back to be renegotiated” on the basis of clients’ weak net zero plans, Deutsche Bank’s Chief Sustainability Officer Jörg Eigendorf says.
