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Over the next five years, Deutsche Bank has committed to reduce its global carbon footprint by 20 percentage points every year compared to its 2007 base year in order to neutralize CO2 emissions of its worldwide operations by 2012. The Bank plans to reduce its carbon emissions through sustainable improvements in the energy efficiency of its buildings and technology infrastructure, greater use of renewable energy sources as well as the purchase of emission certificates to offset any remaining CO2 emissions.
Dr. Josef Ackermann, Chairman of the Management Board, said: “As good corporate citizens we have an obligation to operate sustainably and responsibly and do what we can to create a healthy environment and stable economic and social conditions to pass on to coming generations. Neutralizing CO2 emissions will help us extend our lead in the field of sustainable economic activity.”
The Bank’s climate strategy is coordinated by an Environmental Steering Committee (ESC) headed by the Bank’s Vice Chairman, Caio Koch-Weser. All Group divisions are represented on the committee. “Carbon neutrality by 2012 is a clear objective, which we are firmly committed to achieving. So far we are right on target,” reports Caio Koch-Weser.
The statements came at the conclusion of a two day conference in London
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