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Company Response

Deutsche Bank's response

[Full response attached]

Climate protection is one of the focal points of our sustainability approach. We support the Paris Agreement and are committed to its goals and to moving to a low-carbon economy. This commitment is an integral part of our corporate culture. Deutsche Bank’s Code of Conduct also reflects this attitude...

Our principle is not to engage in any activities or business relationships where there is clear evidence of human rights’ violations. 

[W]e have a role to play in facilitating the transition of economies towards sustainable and low-carbon growth. We seek to ensure that our risk management processes help to avoid negative environmental and social impacts arising from our core businesses and promote sustainable business. 

Under our Environmental and Social (ES) Policy Framework the following restrictions are applied...: 

− No financing for new coal-power facilities and a reduction in existing exposures to power companies heavily dependent on coal; 

− No financing of new thermal coal mines...

− ES due diligence required for climate-intensive sectors...; and 

− In 2019, the industry concentration thresholds for the oil and gas, utilities and steel, metals, and mining sectors were lowered...

Furthermore, we understand sustainable finance to be business activities that support the transition to a low-carbon economy by directing financial flows towards more sustainable and climate-friendly solutions...

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