Deutsche Bank Launches Green Deposits for its Corporate Clients

Published 

Deutsche Bank announces the launch of a green deposits programme – a new cash management solution for corporate clients in the form of term deposits for under 12 months where cash finances an equivalent amount of Deutsche Bank’s green asset pool. Corporates need to fulfil certain eligibility criteria such as minimum deposit amount and certain level of ESG ratings to use the bank’s green deposits programme.

“The new programme is an important step on our journey into ESG as a cash management provider. It marks the first of many cash management products we’ll look to introduce as part of the bank’s sustainability framework”, said Ole Matthiessen, Head of Cash Management at Deutsche Bank. “Linking our clients’ liquidity requirements with their sustainability goals is a huge achievement, one that we’re very proud of and something we’ll continue to build on as a liquidity solutions provider in the future”, explained Johnny Grimes, Head of Liquidity Product, Transactional FX at Deutsche Bank.

Deutsche Bank’s green asset pool may include loans to companies and projects which support the transition to clean energy sources and to an energy-efficient and environmentally sustainable global economy – at the same time helping our clients to achieve their own ESG objectives.

To be included in the green asset pool, the asset must fall within a sector deemed eligible according to sustainability criteria as defined by the bank’s Green Financing Framework, which is aligned with international standards set by the International Capital Market Association. To identify eligible green assets within these sectors, Deutsche Bank follows a three-step process: a pre-selection process to identify eligible loans in the portfolio; an internal validation process, whereby the Deutsche Bank Green Financing Forum confirms whether the selected assets comply with the bank’s framework; and an external verification process by a reputable third party.

The launch of this green deposits programme is part of Deutsche Bank’s wider sustainability strategy. In May 2020, Deutsche Bank published quantitative targets for its sustainable finance business activities. One of these targets is to generate a total of more than 200 billion euros in sustainable financing and ESG investments under management by the end of 2025. The bank also set itself a number of targets to reduce its environmental footprint, paying particular attention to energy efficiency and energy consumption. With its own operations carbon neutral since 2012, the bank aims to maintain this and to source 100 percent renewable electricity by 2025.

Most recent episodes

EACT 2021 Survey: Top Trends Revealed

Jan Dirk van Beusekom, BNP Paribas, and François Masquelier, EACT, discuss the findings from the 2021 EACT Survey, which garnered responses from over 340 corporate companies. Hear a detailed overview of the key trends that have captured the attention of European...

28:48

Taking Care of Cash: Cigna Treasury’s Digital Transformation

Cigna, a global health services provider, encountered a multitude of challenges when its 70,000 employees were plunged into a remote working environment. Payments concerns, bold digital aspirations and the requirement...

17:05

Treasury on Demand: Are you Ready?

A need to react quickly to new business requirements is driving a new age in treasury, characterised by on-demand concepts. In our latest podcast covering the Journeys to Treasury report, Steven Lenaerts, BNP Paribas, and Christian Mnich, SAP, explore the drivers...

23:08

Smart Treasury: The Future is Now

In this TreasuryCast episode, our guests from Standard Chartered, Sunday Domingo and Byron Gardiner, discuss best practice approaches in a data-driven treasury environment. The experts also consider how treasury responsibilities such as working capital and...

34:56

Co-Creation in Action: Treasury Evolution

Think co-creation is just a buzzword? Then it’s time to think again. As Pierre Fersztand, Global Head of Cash Management, Trade & Payments, BNP Paribas, explains, value-adding solutions are being implemented as a...

16:02

Leading Edge Supply Chain Finance: Smart and Sustainable

TMI’s Eleanor Hill is joined in the virtual TreasuryCast studio by Gwynne Master, Managing Director and Global Head of Trade, Lloyds Bank, to discuss all things supply chain finance, an area that has faced...

11:19

What’s Next in Digital Payments?

Mario A Benedict and Christine Moy, J.P. Morgan, join us to pinpoint the key trends gathering traction in the digital payments space – and how treasurers can make the most of them. Our guests consider how digital currency initiatives such as J.P. Morgan’s...

32:35

An Award-Winning Digital Treasury Transformation: Secrets of Success

TMI Award winner Gavi’s Managing Director of Finance and Operations, Assietou Diouf, joins us to discuss the organisation’s celebrated digital treasury transformation...

34:03

Central Bank Digital Currencies: What Treasurers Need to Know

Jean-Marc Servat, Chair of The European Association of Corporate Treasurers (EACT) and TMI's Eleanor Hill take a deep dive into the world of crypto assets to discuss why central bank digital currencies (CBDCs) are...

17:14

From 2020 to 2021: Treasury in Transition

Over the last 12 months, the treasury community has successfully navigated some of the toughest trading and operational conditions in living memory. In this interview, Peter Cunningham, Citi, chats to TMI’s Eleanor...

24:59