As a responsible corporate citizen, Deutsche Bank invests in the communities where we do business. We are committed to building stronger and more inclusive communities. We support the regeneration of underserved areas and other initiatives that create better places to live and work. Our partnerships with local art institutions make culture available to all. We are there for communities in emergencies and at the forefront of efforts to prepare them for the future. Our employees and networks often play a key role in regenerating communities and helping local citizens who need it most.
Worldwide, 1.5 billion people live in poverty with deficiencies in their health, education, and living standards. Another 800 million people are at risk of falling into poverty. We work at ground level to improve the day-to-day well-being of those most in need. Through our investments, donations, and corporate volunteers, we help people through adversities like poverty, forced migration, joblessness, and homelessness (for example via StreetSmart/UK, Hilf Mahl!/Germany, or our cooperation with Banco Alimentare in Italy) .
Disasters often impact those who are already disadvantaged the most. Deutsche Bank and its foundations have a long tradition of delivering fast and efficient reconstruction support. In early 2015, our relief efforts concentrated on the victims of the Nepal earthquakes, and later in the year on refugees coming to Europe.
Fostering the revitalization of underserved areas is part of how we act to build stronger and more inclusive communities, be it in India, where the CSR Act requires companies to reinvest part of their profits in social development, or in the USA, where Deutsche Bank has been a leader in providing capital for community development going well beyond legal requirements. Deutsche Bank has consistently been rated “Outstanding” by the Federal Reserve in recognition of its strong performance under the federally mandated Community Reinvestment Act (CRA). We do that from our own balance sheet and by mobilizing investors from the public and private sectors. In 2015, we committed US$210 million in loans, US$86 million in investments and US$8.4 million in grants to benefit low- and moderate-income communities in the USA to access new opportunities for affordable housing, small business financing, health care services, and improved schools.
Everyone should have access to art and music, and a community’s cultural institutions can bring together people from all walks of life. Our partnerships with institutions like the Berliner Philharmoniker, international exhibitions of artworks from Deutsche Bank Collection, and cooperations with local museums, galleries, theaters, and concert halls aim to open doors and minds. In 2015, our art and music initiatives reached more than 2.4 million people worldwide.
Deutsche Bank is also committed to strengthening the ties between academia and business. We partner with academic institutions to develop interdisciplinary research that creates benefits well beyond our own business. One of these thought leadership initiatives in cooperation with Frankfurt’s Goethe University is the Deutsche Bank Prize in Financial Economics that was awarded to Stephen A. Ross in 2015.
Last but not least, we support networks and initiatives that provide a platform for innovative urban development or drive economic progress. By 2030, around five billion people, 60% of the earth’s inhabitants, will be living in urban centers. Cities generate 80% of world GDP and are the growth engines for many economies. The negative consequences of this explosive growth sometimes overshadow the many possibilities and opportunities. For more than ten years, the Alfred Herrhausen Society of Deutsche Bank has addressed the challenges facing megacities in the Urban Age project, which brings together mayors, architects, city planners, academics, and NGOs.
- Support multi-stakeholder engagement on key societal issues that inform our thinking and generate shared value
- Continue to play an active role in local communities, for example by fostering integration of refugees and the disadvantaged
- Implement a powerful digital platform that enables donation appeals on a global scale