Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Berenberg SRI Conference 2017
34 slides from Deutsche Bank's conference presentation, Mar 28, 2017
Slide 1: Sustainability at Deutsche Bank
Deutsche Bank Sustainability at Deutsche Bank Paris, 28 March 2017 Viktoriya Borysova (Group Sustainability) Dr. Antje Stobbe (Investor Relations) Deutsche Bank Investor Relations / Viktoriya Borysova / Dr. Antje Stobbe Communications & CSR / Group Sustainability 28 March 2017
Slide 2: Agenda
Agenda 1 Sustainability: Our approach 2 Sustainability: Selected topics 3 Governance and remuneration 4 Staff 5 Further information (Appendix) Deutsche Bank Investor Relations / Viktoriya Borysova / Dr. Antje Stobbe 2 Communications & CSR / Group Sustainability 28 March 2017
Slide 3: Sustainability at Deutsche Bank: Selected facts and figures 2016
Sustainability at Deutsche Bank Selected facts and figures 2016 Deutsche Bank Group Sustainability and Deutsche Asset Management Sustainability Office are responsible for integrating sustainability in DB core business — Risk culture: 640,000 completed — UN Green Climate Fund: Approved compliance cou
Slide 4: Governance structure
Sustainability at Deutsche Bank Governance structure Deutsche Bank Supervisory Board Integrity Committee Topics covered at Integrity Committee’s Deutsche Bank Management Board meetings in 2016 included … Responsibilities for sustainability John Cryan Nicolas Moreau — Governance Chairman of the Head
Slide 5: Embedding environmental and social responsibility
Embedding environmental and social responsibility Policy hierarchy Global Reputational Defines consistent standards for the identification, Risk Framework assessment and management of reputational risk matters ES Policy Details DB’s guidelines for dealing with ES risks Framework including criteria f
Slide 6: Selected industry sector specific guidelines
Embedding environmental and social responsibility Selected industry sector specific guidelines No new lending for greenfield thermal coal mines Coal mining We expect clients to have an established ES Management System in place certified by standards such as ISO 14000 and OHSAS 18001 No financing of
Slide 7: Development of ES reviews
Embedding environmental and social responsibility Development of ES reviews Transactions/clients reviewed from an ES perspective Sectoral spilt 2016 Industrials 1,346 16% 1,250 O&G 29% Monoculture 721 727 9% 406 Utilities Metals and 16% mining 2012 2013 2014 2015 2016 19% Others 4% Chemicals 7% Tran
Slide 8: Agenda
Agenda 1 Sustainability: Our approach 2 Sustainability: Selected topics 3 Governance and remuneration 4 Staff 5 Further information (Appendix) Deutsche Bank Investor Relations / Viktoriya Borysova / Dr. Antje Stobbe 8 Communications & CSR / Group Sustainability 28 March 2017
Slide 9: Climate Change: Revised position on coal financing
Climate Change Revised position on coal financing Coal financing developments Key messages from revised policies December 2015 Paris Agreement: To align ourselves with the requirements of the Paris Agreement we have revised our 74 countries approach to coal financing representing 59% of global carbo
Slide 10: Renewable Energy Finance and Green Bonds
Climate Change Renewable Energy Finance and Green Bonds Corporate & Investment Bank Deal volume 2016 2015 Project Finance USD 4,300 m (3,480 MW) USD 5,030 m (3,496 MW) Green Bonds EUR 8,000 m(1) EUR 4,000 m (1) Cumulative numbers Examples for Green Bonds Financing Renewable Energy Strategic Corporat
Slide 11: Human Rights
Human Rights Deutsche Bank is fully committed to its responsibility to respect Human Rights — The Deutsche Bank Code of Business Conduct and Ethics describes the values and minimum standards for our business conduct — We are guided by a wide range of international standards and principles especially
Slide 12: Biodiversity: World Heritage Sites
Biodiversity World Heritage Sites What are World Heritage Sites? — Landmark officially recognized by UNESCO — Selected on the basis of having cultural, historical, natural or some other form of significance — Legally protected by international treaties What has DB committed to? — No financial servic
Slide 13: Deforestation
Deforestation Deutsche Bank’s policy around the palm oil sector What has DB committed to? — We acknowledge the importance of industrial agriculture but also recognize risks which might be associated with its development including in palm oil production — DB’s approach to addressing environmental and
Slide 14: Responsible Investment organization
Responsible Investment organization in Deutsche Asset Management Chief Investment Officer Deutsche AM Chief Investment Officer for Responsible Investments Dedicated ESG Team responsible for ESG Research and Governance ESG Engine & Solutions Corporate Governance Sustainability Office Thematic Researc
Slide 15: Managing ESG and sustainable finance client funds
Managing ESG and sustainable finance client funds Deutsche Bank’s Strategy 2020 includes the goal of building out Asset Management’s ESG/sustainable investment capabilities Chief Investment Officer (CIO) for Responsible Investment appointed as of 1 January 2017 Under the leadership of the CIO for Re
Slide 16: Cooperation with the Green Climate Fund
Cooperation with the Green Climate Fund Helping half a million people gain clean power Green Climate Fund (GCF) and Deutsche Bank The Green Climate Fund was established by the United Nations Framework Convention on Climate Change (UNFCCC) as a mechanism to make finance available from developed to de
Slide 17: Transparency: CSR directive on non-financial information
Transparency: CSR directive on non-financial information Germany includes non-financial aspects into Commercial Code — The German government passed the CSR directive on the disclosure of non-financial and diversity information in March 2017 (CSR Direktive zur Offenlegung nicht-finanzieller und die D
Slide 18: Agenda
Agenda 1 Sustainability: Our approach 2 Sustainability: Selected topics 3 Governance and remuneration 4 Staff 5 Further information (Appendix) Deutsche Bank Investor Relations / Viktoriya Borysova / Dr. Antje Stobbe 18 Communications & CSR / Group Sustainability 28 March 2017
Slide 19: Management Board
Management Board Fully accountable with all businesses and functions represented John Cryan Chief Executive Officer Kim Hammonds Stuart Lewis Sylvie Matherat Nicolas Moreau Garth Ritchie Chief Operating Officer Chief Risk Officer Chief Regulatory Officer Head of Deutsche Asset Head of Global Markets
Slide 20: Remuneration
Remuneration Cornerstones of Management Board compensation model as of 1 January 2017 Base salary Fixed compensation + Contribution to the company pension plan Group component Short-Term Award Variable compensation + Individual component Long-Term Award — Structure of fixed compensation comprised of
Slide 21: Remuneration: Objectives
Remuneration Objectives – Management Board Compensation system Relevant indicators Relative weight Group component (1) CET1 ratio 25 % — Variable compensation to be determined based on Leverage ratio 25 % clear objectives and pre- defined assessment Adjusted non-interest expenses 25 % criteria Post-
Slide 22: Long deferral periods and introduction of clawback
Remuneration Long deferral periods and introduction of clawback — Since 2017, a portion of a maximum of 25% is to be granted as non-equity based compensation components (Restricted Incentive Awards) and vests in identical tranches over a period of four years. — The remaining portion of at least 75%
Slide 23: Agenda
Agenda 1 Sustainability: Our approach 2 Sustainability: Selected topics 3 Governance and remuneration 4 Staff 5 Further information (Appendix) Deutsche Bank Investor Relations / Viktoriya Borysova / Dr. Antje Stobbe 23 Communications & CSR / Group Sustainability 28 March 2017
Slide 24: Deutsche Bank as an employer
Deutsche Bank as an employer Overview Ratio of women in Number of employees Regional deployment of staff management positions Full-time equivalents at year end In ‘000 FTE at year end In % at year end Asia-Pacific Female Managing Directors and Directors Americas Female Officers Europe (ex Germany),
Slide 25: German Gender Quota Law
German Gender Quota Law Implementation at Deutsche Bank — Listed and co-determined companies have a fixed gender quota target of 30% on their Supervisory Boards as of 2016 Legal — For Management Boards and the two levels below, gender quota targets below status quo not permitted requirements — First
Slide 26: Training
Training Promoting professional and personal development Training expenses Training attendance — There is an increased focus on what in EUR m DB expects of its leaders: more Governance, Risk Management & Compliance bank-wide development Product training programmes, digital delivery Core Skills metho
Slide 27: People Survey 2016
People Survey 2016 Insight into levels of engagement with values and beliefs, commitment and enablement People Survey(1) In % 73 12 64 n/a n/a 13 n/a n/a 68 14 69 56 63 15 68 61 Commitment index 58 16 62 Enablement index 76 Engagement with values and beliefs — Engagement with values and beliefs: Pos
Slide 28: Agenda
Agenda 1 Sustainability: Our approach 2 Sustainability: Selected topics 3 Governance and remuneration 4 Staff 5 Further information (Appendix) Deutsche Bank Investor Relations / Viktoriya Borysova / Dr. Antje Stobbe 28 Communications & CSR / Group Sustainability 28 March 2017
Slide 29: Sustainability Ratings
Sustainability Ratings DB total: 66 2016 2015 Rating of 100+ banks worldwide. Deutsche Bank is among the top 10% Ranking: 34 out of 257 Deutsche Bank Industry average 66 67 69 69 71 73 59 59 74 78 71 74 55 36 33 43 Overall Governance Social Environment performance Economic Environmental Social Total
Slide 30: Digitalization, innovation and cyber security
Digitalization, innovation and cyber security Seizing opportunities and managing risks arising from digitalization Digitalization Initiative We aim to invest up to EUR 1 bn by 2020 in digital technology across all businesses: Enhance the client offer by offering a seamless omni-channel experience an
Slide 31: Research and development
Research and development Numerous partnerships and the creation of the Digital Factory are further strengthening capabilities Research Development Innovation Labs Massachusetts Hackathons Axel Springer Plug Digital Factory Institute of and Play Accelerator London Technology (MIT) New York Silicon Va
Slide 32: Litigation
Litigation Resolutions during 2016 as of 2 February, 2017 Litigation Reserves In EUR bn Settled or otherwise resolved a significant number EUR ~2 bn Achievements of large matters 2016 Current reserves of EUR 7.6 bn include 7.6 EUR ~4.7 bn for matters settled but not yet paid DoJ RMBS 5.5 Russia/ UK
Slide 33: Achieving carbon neutrality
Achieving carbon neutrality We achieved our target to make our business operations carbon neutral by the end of 2012 We maintained carbon neutrality for our operations in 2016 Management Board approval in place to keep carbon neutrality in the future Invested in energy efficiency projects to reduce
Slide 34: Cautionary statements
Cautionary statements This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations and the assumptions underlying them. These statements are based on plans, estimates and pro