Deutsche Bank’s Private Bank Germany and the World Wildlife Fund (WWF) Germany have signed a two-year agreement to further advance sustainable finance at Private Bank Germany and contribute to Deutsche Bank’s sustainability strategy.
The bank and the conservation organization plan to work together to develop structures, processes and the bank’s dialogue with its clients with sustainability in mind. The cooperation aims to understand people’s needs in terms of sustainable projects and investments at different stages of their lives to develop processes and products.
The head of sales of Private Bank Germany and head of ESG Private Bank, Philipp Gossow, said that the bank provides comprehensive advice to its clients, including on sustainable finance products and services. He also mentioned that they are looking to expand their expertise in this area. Meanwhile, the managing director of Politics & Transformation WWF Germany, Heike Vesper, stressed the importance of the cooperation between the bank and the organization. She stated that the ecological transformation will only succeed if banks actively shape the transformation of the economy and society.
Deutsche Bank has already taken measures to improve sustainability in the past years, including joining the German Financial Sector’s collective commitment to climate change and pathways to net zero.
With the WWF, the Private Bank Germany plans to develop further concepts and measures to finance more sustainable housing, advise on sustainable investments and evaluate the concept of its designated green branches. The aim of the cooperation is to contribute to the transformation towards a greener, more sustainable economy and society in Germany and beyond.
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