Tag: Deutsche Bank

Deutsche Bank & The Development Guarantee Group sign Memorandum of Understanding to tackle climate financing gap for developing countries

Stuart Mitchell

Deutsche Bank has announced it has signed a memorandum of understanding with the Development Guarantee Group (“DGG”). Under the agreement, Deutsche Bank will act as an Origination Partner for the Green Guarantee Company (“GGC”), which will be managed by DGG. GGC is a specialist guarantor for climate mitigation and adaptation projects in developing countries. Claire Coustar, global head of ESG FIC, Deutsche Bank said: “As we work towards the critical goal of keeping warming to 1.5 degrees, there is a real need for greater mobilisation of private capital to emerging…

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Deutsche Bank launches new Ocean Resilience Philanthropy Fund

Stuart Mitchell

Deutsche Bank has announced the launch of the Deutsche Bank Ocean Resilience Philanthropy Fund, a new global philanthropic fund dedicated to ocean conservation and coastal resilience. This is the first philanthropic fund of its kind set up by a financial institution, giving clients and other stakeholders the opportunity to support ocean conservation efforts though a dedicated framework to facilitate donations. Deutsche Bank’s Global Head of the International Private Bank and CEO for Europe, the Middle East and Africa Claudio de Sanctis said, “We are committed to supporting ocean conservation and…

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Deutsche Bank and the Green Climate Fund sign agreement at COP26 to invest in de-carbonization solutions for Sub-Saharan Africa

Stuart Mitchell

Deutsche Bank alongside the Green Climate Fund (GCF) has executed an agreement which commits the GCF to contribute USD 80 million as the seed and anchor investor to a renewable energy investment program. DWS, the independent asset manager majority-owned by Deutsche Bank, will be the executing entity and it has committed to contribute 3% of the anticipated USD 500 million investment facility. The program will be implemented in Sub-Saharan Africa by DWS’s Sustainable Investments team. The signing took place at an official ceremony held at COP26 in Glasgow hosted by…

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Deutsche Bank honoured for its commitment in the fight against LGBTQ persecution

Stuart Mitchell

US LGBTQ and HIV-positive immigrant rights organisation “Immigration Equality” has awarded its first Safe Haven Corporate Award to Deutsche Bank, recognising the bank’s pro bono legal assistance in the fight for asylum for LGBTQ and HIV-positive immigrants facing persecution and brutality in their home countries. Since 2018, the bank has represented seven individuals free of charge. Of those, four have been granted asylum and three cases are still pending. Sarah Levitt, who has led many of these efforts together with colleagues in the New York Legal team and in partnership…

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Deutsche Bank and Bayan-Anihan Launches seed funding programme called Growing Goodness, Together

Stuart Mitchell

Deutsche Bank and the Bayan-Anihan project of NGO Gawad Kalinga have launched a new programme in the Philippines to help farming families create a sustainable farming income in the midst of the devastating effects of the pandemic on the agricultural sector. Called Growing Goodness, Together, the programme will initially provide help to 50 farming families across four villages and farming communities supported by Gawad Kalinga, to enable farmers to invest in more efficient farming equipment, tools, seeds, and fertilizer. Gawad Kalinga Chairman Jose Luis Oquinena said, ”Each family in the…

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