Deutsche Bank

Corporate Responsibility
Report 2016

ESG assets under management

By the end of 2016, Deutsche Asset Management reported €9.9 billion of assets under management (AuM) (including overlays) incorporating ESG criteria (2015: €10 billion). Deutsche Asset Management managed assets with a volume of €706 billion (December 31, 2016).

We follow industry standards and guidelines in classifying ESG AuM. Investor reporting to the Global Sustainable Investment Association (GSIA)—through their regional membership organizations such as EuroSIF, USSIF, and UKSIF—has become a global standard for categorizing ESG assets. These encompass negative exclusion screens, positive best-in-class screens, norms-based screens, the integration of ESG factors, sustainability-themed investing, impact investing, and corporate engagement and shareholder action.

In 2016 we applied the GSIA guidelines for ESG reporting to re-categorize 20 existing institutional mandates as including ESG exclusion policies or following a best-in-class approach. As a result of this exercise we removed four thematic funds from the list because these did not have a consistent ESG filter. Some new mandates were created, and others closed, and there was a net inflow into existing funds/mandates. To enable comparability, we re-calculated the 2015 ESG AuM using our new categorization.

ESG and sustainable assets under management

In € m.

2016

20151

1

Due to the aforementioned re-categorization of ESG assets, we are re-stating the 2015 ESG AuM. We did not retroactively apply this new categorization to 2014. The previously reported 2015 ESG AuM was €7,683 million.

2

One fund AuM as of 3Q 2016.

Active management

 

 

Retail and institutional funds, including screened, best-in-class, and themed funds for institutional clients

7,515

7,631

Passive investments

 

 

Exchange traded funds, products or mandates

76

106

Sustainable/impact/alternative investments

 

 

Private equity or debt funds focused on sustainable/impact investing, including public–private “blended finance” funds with environmental or social objectives

2,3272

2,290

Total

9,918

10,027

Real estate investments

In € m.

2016

2015

1

2015 data not comparable due to amended process and methodology by which green label assets are classified.

ESG Real estate
Certified green labeled buildings (Energy Star, LEED, BREEAM, etc)

9,250

n/a1