Deutsche Bank AG · XETR:DBK
Deutsche Bank — ESG Presentation (September 2004)
48 slides from Deutsche Bank's sustainability presentation, Sep 24, 2004
Slide 1: Deutsche Bank Roadshow – Sustainability
Deutsche Bank Roadshow – Sustainability Hanns Michael Hoelz, Global Head of Sustainable Development Libor Vincent, Sr Investor Relations Officer Switzerland, 23-24 September 2004
Slide 2: Agenda
Agenda 1 Sustainability strategy 2 Organization 3 Social impact 4 Environmental impact 5 Business impact Investor Relations 09/04 · 2
Slide 3: Anglo Saxon style Corporate Governance - Group Executive Committee
Anglo Saxon style Corporate Governance - Group Executive Committee Investor Relations 09/04 · 3
Slide 4: Effective Corporate Governance is part of our identity
Effective Corporate Governance is part of our identity Deutsche Bank acts in conformity with the recommendations of the German Corporate Governance Code with only one exception (D&O liability insurance policy without a deductible). Deutsche Bank complies with the requirements for foreign private
Slide 5: Deutsche Bank stakeholders at a glance
Deutsche Bank stakeholders at a glance Shareholders 2003 2002 Customers 2003 2002 Number of shareholders 502,714 512,616 Number of customers Shareholders by group Corporate Investment Bank 54,881 84,545 Institutional (incl. banks) 81 % 82 % Private Clients / Asset Mgt Private 19 % 18 % Private
Slide 6: We are committed to fulfill our responsibility as a Corporate Citizen
“We are committed to fulfill our responsibility as a Corporate Citizen” Goals Business Positioning of Deutsche Bank as a “Citizen“ in network an international community with both local and global responsibilities Shareholders Regional / local oriented programs and initiatives – creating and impa
Slide 7: Sustainability – the new paradigm in corporate management
Sustainability – the new paradigm in corporate management The challenge Areas of action Added value Management competence The market position – Strategic cross-departmental tasks, TQM of all corporations – Ecological, economic, social issues will be increasingly (regional, national, global) Acti
Slide 8: Sustainability and environment – living our principles
Sustainability and environment – living our principles Strategic management factor based on the “Deutsche Bank Mission Statement on Ecology and Sustainability“ Environmental Management System: integrated into all divisions as an all-encompassing theme. Certified under ISO 14001 (1999, 2002, 2004
Slide 9: Setting clear targets
Setting clear targets Sustainability Communication Mission statement and group guidelines adopted Annual Report 2003 Deutsche Bank Group Policy for the Environmental Corporate Social Responsibility Management System (EMS) based on ISO 14001 adopted (CSR) Report 2003 Tested Environmental Ma
Slide 10: Environmental and sustainability related aspects of our business activity
Environmental and sustainability related aspects of our business activity Impact Direct impact Indirect impact Use of resources for the management of premises and technical facilities Resulting from the use of the funds (energy, water and other supplies) made available to third parties in the
Slide 11: Agenda
Agenda 1 Sustainability strategy 2 Organization 3 Social impact 4 Environmental impact 5 Business impact Investor Relations 09/04 · 11
Slide 12: Sustainability – overview of organizations and functions
Sustainability – overview of organizations and functions Investor Relations 09/04 · 12
Slide 13: Elements of Deutsche Bank's global policies
Sustainability and environment – elements of Deutsche Bank‘s global policies Hierarchy of the Environmental Management Deutsche Bank policies System based on ISO 14001 Deutsche Bank Group Deutsche Bank Mission Core Principles Statement on Ecology and Sustainability Deutsche Bank Group Policies Deuts
Slide 14: Total Quality Management – qualified and network-driven approach
Total Quality Management – qualified and network-driven approach External: Total quality management: Internal: certification instruments global policy Mission Group Statement Board Management Goals & system measures Group Policy directives (Environ- for the mental Environmental ISO 14001 ISO 14001 p
Slide 15: Sustainability Management System based on ISO 14001
Sustainability Management System based on ISO 14001 Group-wide focusing of the all-encompassing issue of “sustainability” under an environmental management system Target: – Systematic organisation – Continual improvement (TQM) – Monitoring, certification and internal / external communication I
Slide 16: Sustainability is an integrated part of our risk management processes
Sustainability is an integrated part of our risk management processes Risk factors Corporate value Market value Trust generators Know-how Value Brand & image Liquidity Market Book value Risk Risk Financial assets Operational Classical Sustainable Risk Investment assets corporate corporate worth Inte
Slide 17: Control Mechanism – sustainability fully audited
Control Mechanism – sustainability fully audited Group Audit Sustainability Audit External audit External audit Global coverage by KPMG EMS certification by Det Focus on financials and supporting controls Norske Veritas (DNV) every Oversight by Supervisory Board Audit Committee three years c
Slide 18: Group Compliance – protecting integrity and reputation
Group Compliance – protecting integrity and reputation Department has about 600 employees in 50 locations globally. Group Compliance is advancing lawful and ethical business conduct, and preventing and detecting violations of law by identifying and managing financial services risks Establishes s
Slide 19: Agenda
Agenda 1 Sustainability strategy 2 Organization 3 Social impact 4 Environmental impact 5 Business impact Investor Relations 09/04 · 19
Slide 20: Code of Conduct provides guidance on fundamental issues
Code of Conduct provides guidance on fundamental issues Corporate identity Information Legal compliance & Respecting the personal conduct individual & third parties Conflicts of Corporate assets, interest environment & safety Investor Relations 09/04 · 20
Slide 21: Integrated product & service offerings aligned to global needs of the organization
Integrated product & service offerings are aligned to meeting the global needs of the organization Talent Leadership & Operational Compensation / Learning acquisition & Diversity organizational excellence total rewards deployment development Performance Administration Employee lifecycle Internationa
Slide 22: Staff commitment – more than satisfaction
Staff commitment – more than “satisfaction” Deutsche Bank has developed a practice of regular employee surveying that distinguishes us from the competition. This process allows us to capture feed-back and to use it appropriately in decision making One of the main outcomes of these surveys is the
Slide 23: Staff – demonstrating our global reach
Staff – demonstrating our global reach Status as of June 2004 United Kingdom: 7,432 (11.3%) Germany: 28,073 (42.7%) Japan: North America: Continental Europe: 1,144 (1.7%) 11,746 (17.9%) 11,713 (17.8%) Other Asia: 3,906 (6.0%) South America: 383 (0.6%) Africa: Australia / NZ: 216 (0.3%) 1,133 (1.7%)
Slide 24: Staff – breadth of our activities
Staff – breath of our activities Global Markets 2,945 (4.5%) Private & Business Clients Global Banking Division 18,549 (28.2%) 6,246 (9.5%) Global Equities 2,434 (3.7%) Group Global Corporate Finance workforce as 2,070 (3.1%) Private Wealth of June 2004: Corporate Investments Management 3,084 (4.7%)
Slide 25: Staff – recruiting the best talent from the various markets
Staff – recruiting the best talent from the various markets we operate in Germany 92 (13.6%) US Continental 213 (31.5%) Europe 30 (4.4%) Class 2004 Australia & target DB Group New Zealand graduate recruits: 34 (5.0%) 677 FTE Rest of Asia 75 (11.1%) UK 204 (30.1%) Japan 29 (4.3%) Investor Relations 0
Slide 26: Staff training – reflecting business priorities
Staff training – reflecting business priorities Personal & Team Leadership & Management Effectiveness 7,910 (13.5%) 12,879 (22.0%) Information Technology 3,046 (5.2%) Professional Training days Qualification 2,352 (3.7%) as of June 2004: Orientation 58,578 754 (1,3%) Regulatory & Compliance 6,757 (1
Slide 27: Integrating diversity into our business practices
Integrating diversity into our business practices and hold management accountable for results Diversity Champions are selected as drivers of business line diversity initiatives The promotion of a diverse workforce and an inclusive work environment are anchored in our Leadership Standards, which
Slide 28: Corporate social responsibility – about EUR 1.000 per staff member spent in 2003
Corporate social responsibility – about EUR 1.000 per staff member spent in 2003 Deutsche Bank’s long-standing philanthropic tradition … Over 20 years ago the Bank‘s first Foundation ”Helping People to Help Themselves“ established Morgan Grenfell Group and Bankers Trust likewise had a long-term
Slide 29: Agenda
Agenda 1 Sustainability strategy 2 Organization 3 Social impact 4 Environmental impact 5 Business impact Investor Relations 09/04 · 29
Slide 30: Direct environmental impact carefully managed
Direct environmental impact carefully managed Waste management Facility management Avoiding of waste Selection and use of facility Separation of recyclable waste technology which saves energy and (e.g. paper) resources Minimizing of hazardous waste Ensuring operations which are sparing on
Slide 31: Environmental performance Germany
Environmental performance Germany* 2002 2003 Premises (million of m2) 1.47 1.44 Electricity consumption (GJ/FTE) 28.8 35.1 Heating energy consumption(GJ/FTE) 29.9 29.7 Water consumption (m3/FTE) 24.8 32.1 Residual waste (kg/FTE) 128.0 152.9 Waste paper (kg/FTE) 145.2 143.0 Average fuel consumption (
Slide 32: Agenda
Agenda 1 Sustainability strategy 2 Organization 3 Social impact 4 Environmental impact 5 Business impact Investor Relations 09/04 · 32
Slide 33: Indexes – the FTSE4GOOD Indexes
Indexes – the FTSE4GOOD Indexes Listing of Deutsche Bank in the FTSE4GOOD Indexes since 2001 With the FTSE4GOOD, the London FTSE, one of the world’s leading providers of stock indexes, set up an special index for socially responsible investment. It solely includes companies that have distinguished t
Slide 34: Indexes – the Dow Jones Sustainability Group Indexes (DJSI)
Indexes – the Dow Jones Sustainability Group Indexes (DJSI) Listing of Deutsche Bank in the Dow Jones Sustainability Group Indexes (DJSI) The DJSGI was founded in 1999 and is now known as DJSI World. About 310 companies are currently listed in this index and are among the top 10% in their respective
Slide 35: Products / consulting – DWS Invest Sustainability Leaders
Products / consulting – DWS Invest Sustainability Leaders With its DWS Invest Sustainability Leaders fund, DWS invests in companies around the world which have created the prerequisites for their long term corporate success via their sustainable business practices and the efficient use of resources
Slide 36: Acting sustainably creates win-win situations for all stakeholders
Acting sustainably creates win-win situations for all stakeholders Shareholders Customers Sustainability as a guiding principle is rewarded Business customers: Advice in the use of new by international stock exchanges, rating and technologies, how to benefit from state funding research institute
Slide 37: Additional information
Additional information Mission Statement Deutsche Bank Steering and supervision Partnerships / memberships Products / consulting New business orientation Investor Relations 09/04 · 37
Slide 38: The Mission Statement – basic principles for decisions within the Group
The Mission Statement – basic principles for decisions within the Group Deutsche Bank Mission Statement on Ecology and Sustainability We believe sustainability means future viability with the aim of ensuring future generations enjoy a healthy environment as well as stable economic and social conditi
Slide 39: Basis for steering and supervision
Basis for steering and supervision Committee of Sustainable Development – ISO 14001 4.4.1 “ ... The uppermost management of the organization must appoint among itself one or more officers, who will have the task of evaluating the performance of the environmental management system and, as a basis f
Slide 40: Partnerships / memberships – the UNEP Finance Initiative
Partnerships / memberships – the UNEP Finance Initiative The UNEP Finance Initiatives (FI) Conceived at the Rio Earth Summit Growth from 1992-2004: from 6 banks to 231 financial institutions UNEP FI statements of commitment: – Banking sector: Financial Institutions Initiative (FII): 160 financ
Slide 41: Partnerships / memberships – the UN Global Compact
Partnerships / memberships – the UN Global Compact The UN Global Compact Background: 1999 Davos World Economic Forum, Kofi Annan challenges world business leaders to “embrace and enact” a set of universal principles – Human Rights – Labor – Environment Global Compact Inaugural Meeting July 26, 2
Slide 42: Partnerships / memberships – the Global Reporting Initiative
Partnerships / memberships – the Global Reporting Initiative The GRI Multi-stakeholder process to develop, promote and disseminate a generally accepted framework for voluntary reporting of the economic, environmental and social performance of organizations Conceived by the Coalition for Environm
Slide 43: Partnerships / memberships – econsense
Partnerships / memberships – econsense - forum for Sustainable Development econsense – forum for Sustainable Development Initiative of leading nationally and internationally active enterprises – one of which is Deutsche Bank – and organizations of the German economy that have integrated the princi
Slide 44: Partnerships / memberships – the Bellagio Forum
Partnerships / memberships – the Bellagio Forum The Bellagio Forum for Sustainable Development Founded in 1993 International network of foundations, NGOs, media institutions and corporations (MacArthur, Reuters, Rockefeller, Shell, Sony, World Bank etc.) Catalyst between the private sector, ci
Slide 45: Products / consulting – Wind Park Funds
Products / consulting – Wind Park Funds Wind Park Funds: Through the subsidiary Deutsche Immobilien Leasing (DIL), Deutsche Bank offers investors opportunities to invest in „clean“ forms of energy wind park funds. The DEE Deutsche Erneuerbare Energien GmbH was organized to set up additional funds in
Slide 46: New business orientation – Deutsche Bank Microcredit Development Fund
New business orientation – Deutsche Bank Microcredit Development Fund Goal To help Micro Finance programs reach scale and long-term durability as sustainable institutions Background: Deutsche Bank Microcredit Development Fund (DBMDF) Established in 1997 Managed by Deutsche Bank Americas Founda
Slide 47: Investor Contacts
Investor Contacts Hanns Michael Global Head of +49 69 910 34544 Hoelz Sustainable Development hanns-michael.hoelz@db.com Sustainable Development Please visit the Deutsche Bank Sustainability website: www.deutsche-bank.com/sustainability Libor Sr Investor +49 69 910 34537 Vincent Relations Officer li
Slide 48: Cautionary statement regarding forward-looking statements and non-U.S. GAAP financial measures
Cautionary statement regarding forward-looking statements and non-U.S. GAAP financial measures This presentation contains forward-looking statements. Forward-looking statements are statements that are not historical facts; they include statements about our beliefs and expectations. Any statement in