Deutsche Bank Ag · XETR:DBK
Deutsche Bank — Non-Deal Roadshow (June 2010)
47 slides from Deutsche Bank's roadshow presentation, Jun 28, 2010
Slide 1: Sustainability at Deutsche Bank
Deutsche Bank Sustainability at Deutsche Bank Prof. Hanns Michael Hölz Group Sustainability Officer Dr. Julia Warth Senior Investor Relations Officer Deutsche Bank Roadshow Sustainability at Deutsche Bank Investor Relations 06/10 Prof. Hanns Michael Hölz, Dr. Julia Warth New York and Boston, 28 – 30
Slide 2: Agenda
Agenda 1 Core aspects of Deutsche Bank’s sustainability strategy 2 Environmental aspects 3 Social aspects 4 Governance aspects Deutsche Bank Sustainability at Deutsche Bank 1 Investor Relations 06/10 Prof. Hanns Michael Hölz, Dr. Julia Warth
Slide 3: Deutsche Bank's sustainability approach
Deutsche Bank’s sustainability approach Still facing challenging market conditions we continue to pursue our sustainability agenda – clearly focusing on environmental, social and governance aspects (ESG) of our businesses. Sustainability = ensuring viability Environmental aspects = Social aspects =
Slide 4: Key accomplishments
Key accomplishments — Further implementation of our climate strategy — Involvement in the Desertec Industrial Initiative as one of 13 partners — Reduction of Deutsche Bank’s carbon emissions by approximately 40 % compared to the 2007 E baseline figures — Further development of sustainable funds and
Slide 5: Governance of Deutsche Bank's sustainability management
Governance of Deutsche Bank’s sustainability management Management Board Group Sustainability Environmental Group Sustainability Officer Group Reputational Steering Committee Risk Committee (ESC) (GRRC) Unit Sustainability Officers Business Infrastructure Regional Units Units Units reporting lines;
Slide 6: Deutsche Bank's sustainability management system (SMS)
Deutsche Bank’s sustainability management system (SMS) — Plan the yearly SMS management — Maintain processes and tools cycle — Organize training and — Review list of relevant aspects communication — Maintain collection of — Maintain the SMS applicable requirements documentation — Start own initiativ
Slide 7: Holistic risk management approach
Holistic risk management approach E S G External commitments Internal guidelines — UN Global Compact Corporate Governance/Human Resources — UNEP-FI Declaration of Ecological — Code of Conduct – Code of Ethics Sustainable Development aspects Sustainability — UN Declaration of Human Rights — Policies
Slide 8: Results of sustainability ratings
Results of sustainability ratings SAM(1) Sustainalytics(2) Rating of 94 banks worldwide. Deutsche Bank is among the top Total score: 64 Deutsche Bank Industry average 10% Deutsche Bank Industry average Ranking: 2 out of 93 84 64 73 77 77 57 49 62 63 70 45 45 51 40 37 46 Overall Governance Social Env
Slide 9: Agenda
Agenda 1 Core aspects of Deutsche Bank’s sustainability strategy 2 Environmental aspects 3 Social aspects 4 Governance aspects Deutsche Bank Sustainability at Deutsche Bank 8 Investor Relations 06/10 Prof. Hanns Michael Hölz, Dr. Julia Warth
Slide 10: Deutsche Bank's climate strategy
Deutsche Bank’s climate strategy Fields of activity within our climate strategy E S G Financial Intermediary Eco Efficiency Manager Climate Ambassador — Green technology/renewables — Energy efficiency in buildings — Informing clients and the general public (website — Energy efficiency in buildings —
Slide 11: Products to combat climate change
Products to combat climate change E S G Description Results – Examples Sustainability-oriented funds — Invested assets of 3.1 bn as of 31 Dec 2009 issued by DWS/DeAM DWS/DeAM Climate Change, DWS New Resources, DWS CO2 Opportunities Fund, DWS Invest Responsibility DB NASDAQ OMX Clean Tech Index Asset
Slide 12: Desertec: socio-political engagement in a large scale
Desertec: socio-political engagement in a large scale E S G Desertec Concept — Aims at supplying an important share of Continental Europe’s total annual electricity demand by 2050 with electricity from clean solar and wind energy sources in MENA region — Will conduct a study to elaborate a holistic
Slide 13: Carbon neutral from 2013 onwards
Carbon neutral from 2013 onwards E S G Timeline — Reduction of global carbon footprint by 20 percentage points every year over the next five years (relative to 2007 base year) Inventory — Approximately 523,000 tons of CO2 worldwide — Primarily covering emissions associated with energy use, travel, a
Slide 14: Greentowers – benchmark for future projects
Greentowers – benchmark for future projects E S G In the course of Europe’s most comprehensive reconstruction project, Deutsche Bank’s towers in Frankfurt, Germany, are being turned into one of the most environmentally friendly high-rise buildings in the world. CO2 emissions reduction: LEED Certific
Slide 15: Agenda
Agenda 1 Core aspects of Deutsche Bank’s sustainability strategy 2 Environmental aspects 3 Social aspects 4 Governance aspects Deutsche Bank Sustainability at Deutsche Bank 14 Investor Relations 06/10 Prof. Hanns Michael Hölz, Dr. Julia Warth
Slide 16: Deutsche Bank as an employer
Deutsche Bank as an employer E S G Number of employees Regional deployment of staff In thousands, full-time equivalents at year's end In % at Europe (excl. Germany, Asia Pacific year's end Middle East, Africa) Americas 80,5 Germany 78,3 77,1 68,8 63,4 19 21 21 17 15 15 28 29 29 36 35 35 2005 2006 20
Slide 17: Deutsche Bank as an employer
Deutsche Bank as an employer E S G Employee age distribution Qualification of our employees In % at year's end In % at year's end Other school degrees High school certificate Up to 24 25–34 35–44 45–54 Over 54 University degree 64,4 64,0 63,3 4,6 5,0 5,4 17,9 17,9 18,9 32,3 31,7 32,2 18,2 17,4 18,7
Slide 18: Employee commitment – highest result in 10 years
Employee commitment – highest result in 10 years E S G Deutsche Bank’s commitment index comprises three main elements: the emotional attachment to the Bank (identification), the willingness to go the ‘extra mile’ for the Bank (engagement) and the expectation to stay with the Bank (retention). 77 74
Slide 19: Deutsche Bank's commitment to gender diversity
Deutsche Bank’s commitment to gender diversity E S G Accomplished Top Leaders Advancement Total percentage of women, in % Strategy (ATLAS) Programme, established in 2009, to select 20 44,7 women every year from all business units and 44,5 regions to groom suitable candidates for the 44,3 bank’s top
Slide 20: Human and labor rights
Human and labor rights E S G Human rights — International guidelines (e.g. the World Bank Standards, the OECD Principles for Multinational Enterprises, the UN Global Compact Principles) are applied in our business — Deutsche Bank’s Code of Conduct requires to maintain equal opportunities by not disc
Slide 21: E-Learning on sustainability
E-Learning on sustainability E S G Available since Introductory Module: Sustainability and Deutsche Bank Dec 09 General Module: Climate Change and Deutsche Bank Dec 09 General Module: Managing Sustainability & ESG issues at Deutsche Bank Dec 09 General Module: Reputational/ESG Risks ~ July 10
Slide 22: Corporate citizenship – how we spend our money
Corporate citizenship – how we spend our money E S G Total investment worldwide, in EUR m Investment per employee, in EUR 82,2 82,3 1.121 1.052 1.011 81,1 2007 2008 2009 2007 2008 2009 Investment by region (2009) Investment by area of activity (2009) 8% 5% 12% 27% 39% 45% 12% 23% 29% Germany America
Slide 23: Deutsche Bank Americas Foundation/Community Development Finance Group
Deutsche Bank Americas Foundation/Community Development Finance Group E S G Over USD 112 m in philanthropic grants over the past five years and maintains a USD 400 m portfolio in social investments Community development — Major financer of affordable housing for low-income communities — Award-winnin
Slide 24: Microcredits – from philanthropy to the business case
Microcredits – from philanthropy to the business case E S G Via Deutsche Bank approximately USD 195 m have been channeled to more than 110 microfinance institutions in more than 47 countries in the past twelve years. Result: aggregate loan volume of USD 1.19 bn has been granted to 2.6 m borrowers so
Slide 25: Agenda
Agenda 1 Core aspects of Deutsche Bank’s sustainability strategy 2 Environmental aspects 3 Social aspects 4 Governance aspects Deutsche Bank Sustainability at Deutsche Bank 24 Investor Relations 06/10 Prof. Hanns Michael Hölz, Dr. Julia Warth
Slide 26: Function of the Supervisory Board and Management Board
Function of the Supervisory Board and Management Board E S G Supervisory Board (20 members): Chairman’s Committee, Mediation Committee, Risk Committee, Audit Committee, Nomination Committee — Appoints, supervises, and advises the Management Board — Is directly involved in decisions of fundamental im
Slide 27: The key functions of Deutsche Bank's compliance processes
The key functions of Deutsche Bank’s compliance processes E S G 680 Compliance staff worldwide Rising compliance education(1) — Providing advisory support to business on applicable laws, rules and regulations 255.495 — Codifying and communicating global and 230.946 local compliance principles, stand
Slide 28: The changing environment: compensation
The changing environment: compensation E S G Compensation reduced Variable compensation aligned to longer-term financial performance Increased equity component: Alignment with shareholder value ‘Clawback’ linked to future financial performance for all Managing Directors Shift in pay-mix fixed vs. va
Slide 29: Compensation plan
Compensation plan E S G — Compensation model in accordance with G20 and FSB guidelines — Reviewed by key regulators (BaFin, FSA, Fed) — Significant portion of compensation deferred Key features — Existing clawback option further upgraded and significantly extended — From 2010, introduction of pay mi
Slide 30: 2009 enhanced global reward governance structure
2009 enhanced global reward governance structure (overview) E S G DB’s enhanced Reward Governance Structure complies with regulatory requirements and ensures proper oversight and control for all compensation structures and practices on a group-wide basis. This reflects DB’s global reach and the size
Slide 31: Reputational risk escalation process
Reputational risk escalation process E S G Group Reputational Risk Committee Regular Meetings Discussion of escalated reputational risk issues Final decision of transaction Escalation, if reputational risk issue is not resolved Regional/Divisional Review (otherwise normal approval Discussion of esca
Slide 32: Credit Directives – core principles for our banking business
Credit Directives – core principles for our banking business E S G Defence equipment “We will not consider any involvement in transactions connected with specific types of weapons, in particular antipersonnel landmines, cluster bombs or ABC weapons.”… Pornography/“Red Light Area” “Deutsche Bank will
Slide 33: "Green Filter" – special focus on carbon intensive industries
“Green Filter” – special focus on carbon intensive industries E S G Green Filter Question – part of the Reputational risk management program policy Does the transaction relate to activity which may be described as harmful to the environment? Is the transaction consistent with the Bank’s aspiration t
Slide 34: Targets, sustainability-oriented products and services
Targets, sustainability-oriented products and services E S G Private Wealth Clients DWS/DB Advisors Private & Business Clients — Targeted expansion of — Increasing the volume of — Further integration of sustainable discretionary management sustainability managed funds on criteria into product portfo
Slide 35: Investor Contacts
Investor Contacts Prof. Hanns Michael Hölz +49 69 910 34544 Group Managing Director hanns-michael.hoelz@db.com Sustainability Group Sustainability Officer Dr. Julia Warth +49 69 910 34537 Investor Vice President julia.warth@db.com Relations SRI Investors Deutsche Bank Sustainability at Deutsche Bank
Slide 36: Additional information
Deutsche Bank Additional information Deutsche Bank Roadshow Sustainability at Deutsche Bank Investor Relations 06/10 Prof. Hanns Michael Hölz, Dr. Julia Warth New York and Boston, 28 – 30 June 2010
Slide 37: Governance structure
Governance structure Management Board and Group Executive Committee Management Board Dr. Josef Ackermann Infrastructure functions Chairman of the Regions Management Board CIB and the GEC PCAM Hermann-Josef Dr. Hugo Bänziger Stefan Krause Lamberti CRO CFO COO Rainer Neske Jürgen Fitschen Michael Cohr
Slide 38: Members of Deutsche Bank's Supervisory Board
Members of Deutsche Bank’s Supervisory Board Member Principal Occupation Dr. Clemens Börsig Chairman of the Supervisory Board of Deutsche Bank AG Dr. Karl-Gerhard Eick Chairman of the Supervisory Board of Corpus Sireo Holding GmbH & Co. KG Sir Peter Job Other directorships: Non-executive Director of
Slide 39: Environmental Steering Committee and Climate Change Advisory Board
Environmental Steering Committee and Climate Change Advisory Board Environmental Steering Members: Global Markets, Global Banking, Asset Management, Private Wealth Committee Chair: Management, Private & Business Clients, Communications, Compliance, Corporate Caio Koch-Weser Development/Corporate Inv
Slide 40: Organizational responsibilities for ecological operations
Organizational responsibilities for ecological operations Environmental Steering Committee (ESC) Vision, strategy Control, corporate priorities, top management anchoring, budgeting, external advisory board Eco Operations Committee (EOC) Specialist vision, strategy Definition of specialist strategies
Slide 41: Solar Impulse – a sustainable investment in the future
Solar Impulse – a sustainable investment in the future 63 m wingspan, 12,000 solar cells, zero kerosene — In 2012 “Solar Impulse” is due to set off on the first round-the-world flight of a manned solar aircraft. — Without using any fuel or emitting any pollutants, it will take off and fly for severa
Slide 42: Operational environmental protection - our targets
Operational environmental protection - our targets Aspect Goal Resources — Carbon neutrality from 2013 onwards — Continuous increase of the renewable energy component (2009: 69 %) — Reduction of water use by a total of 100 million liters (2009/2010) — Reduction of energy consumption by a total of 30
Slide 43: Renewable Energy projects in our Asset Finance & Leasing business (I)
Renewable Energy projects in our Asset Finance & Leasing business (I) Wind First Wind Energy LLC Wind Park Champagne, Solarpark Rain GmbH & Co.KG European Solar Power Fund Carpevigo France (Germany) Nr. 1 GmbH & Co.KG Unternehmensgruppe (Germany) (Germany) USD 50 million EUR 10 million EUR 47.25 mil
Slide 44: Renewable Energy projects in our Asset Finance & Leasing business (II)
Renewable Energy projects in our Asset Finance & Leasing business (II) Wind Windkraft GmbH & Co. KG Offshore Wind Farm in Baltic Momerstroff SAS (France) DEE Deutsche Erneuerbare Voltwerk Solar Return Fund N° 25 Sea, Ventotec Ost 2 KG Energien GmbH EUR 50 Million Capacity: 400 MW EUR 15 Million Wind
Slide 45: Listing of Deutsche Bank in SRI indices
Listing of Deutsche Bank in SRI indices Indices Listed since Indices Listed since ASPI Index 2001 Ethical Index Euro 2002 (since establishment Ethical Index Global of the index) Ethical Index Euro Tradable Dow Jones STOXX 2001 2006 Sustainability Indices (since Ethical Index Global Tradable establis
Slide 46: Global governance – our partnerships
Global governance – our partnerships Organization/Institution Profile UN Global Compact UN initiated code of conduct for corporates: Principles regarding (since 2000) human rights, labour, environment and anti-corruption UNEP FI Conceived at Rio Earth Summit (since 1992) Specialist working groups Gl
Slide 47: 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