Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Banking

Deutsche Bank sets targets for sustainable investments, women leaders

Deutsche Bank sets targets for sustainable investments, women leaders

FRANKFURT (Reuters) -German lender Deutsche Bank said on Thursday that it would pump more than 200 billion euros ($244 billion) into so-called sustainable financing and investments by 2023, two years earlier than initially planned.

The bank also said it would aim for more female leaders within its ranks, with women making up 35% of managing director, director and vice president roles by 2025. That’s up from 29% now.

The announcements come as Deutsche Bank managers brief investors, analysts and the media on sustainability issues later on Thursday.

Leading global lenders have been showcasing their commitment to sustainable investing, as pressure builds on banks to support the globally agreed transition to a low-carbon and more environmentally friendly economy.

The bank last year committed to at least 200 billion in sustainable investments and financing by 2025, but Chief Executive Officer Christian Sewing said on Thursday that the bank had made significantly more progress than anticipated, reaching 71 billion euros by the end of March.

The investments and financing includes loans provided by the bank, bonds placed on behalf of its clients and assets managed by its private bank.

Banking has long lagged other industries in Germany in leadership positions held by women.

Deutsche said that it would aim for women to hold at least 30% of positions in the two levels below its management board by 2025, up from 24% now.

($1 = 0.8201 euros)

(Reporting by Tom Sims and Patricia UhligEditing by Riham Alkousaa)

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post