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Deutsche Bank names Eigendorf new chief sustainability officer
Global Banking & Finance Review®
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FRANKFURT (Reuters) – Deutsche Bank said on Wednesday that it appointed Joerg Eigendorf to the role of chief sustainability officer, as the bank markets itself as a lender that firms can turn to as they transition to a greener future.
FRANKFURT (Reuters) – Deutsche Bank said on Wednesday that it appointed Joerg Eigendorf to the role of chief sustainability officer, as the bank markets itself as a lender that firms can turn to as they transition to a greener future.
Eigendorf had previously also overseen Deutsche’s communications division, but he is handing over those duties to focus fully on sustainability.
“Sustainability is a critical success factor for our bank and a central element in our Global Hausbank strategy,” said Chief Executive Officer Christian Sewing, to whom Eigendorf will report.
The change is effective Sept. 1.
Activists last month called on Deutsche Bank to do more to stop financing fossil fuel companies.
(Reporting by Tom Sims and Marta Orosz; Editing by Miranda Murray)
Sustainability refers to the ability to maintain or improve certain essential processes or systems over time, ensuring that resources are used responsibly to meet current needs without compromising future generations.
A chief sustainability officer (CSO) is an executive responsible for overseeing a company's sustainability strategy, ensuring that environmental and social considerations are integrated into business operations.
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