Deutsche Bank launches transition finance framework and new targets
The bank plans to allocate an extra €460 billion to sustainable initiatives in the next five years.
Deutsche Bank has announced a new target to provide €900 billion in sustainable and transition finance between 2020 and 2030, as well as a clear framework defining what it considers transition finance.
This cumulative target includes the €440 billion already provided by the bank in the form of sustainable finance and ESG investments from January 2020 to the end of Q3 2025 (towards its previous goal of €500 billion by 2025). This means that Deutsche Bank plans to allocate an extra €460 billion to sustainable initiatives in the next five years.
