In order to contribute to a low-carbon economy, we try to make our own operations as energy-efficient as possible. Starting in 2008, our aim has been to reduce our carbon footprint by 20 percentage points every year. By 2012, we had become carbon-neutral–in other words, our inevitable carbon emissions were balanced out by purchase and retirement of high-level emission reduction certificates.
Renewable energy and offsetting
In 2016, we avoided 289,694 tons of CO2e emissions by purchasing renewable electricity. In Germany this was a direct power purchase agreement for hydroelectric generation. The proportion of renewable energy consumption has remained consistent (79.5% in 2015 and 79.4% in 2016) across Deutsche Bank Group.
We also invested in projects that support climate change mitigation and economic development in Africa, Latin America, and Asia. All offsetting projects complied with well-recognized global standards such as the Gold Standard (60%) or the Verified Carbon Standard.
Assurance and ISO 50001
Our environmental data system and processes were once again subject to an external “limited assurance.”
At the end of 2015, we decided to apply the ISO 50001 standard for energy management to our German home market, in order to comply with the German regulation on energy audits of corporate facilities. This involved establishing a certified quality management process for our energy consumption, including reduction goals and measures that capture wider energy sources, such as business travel. The first periodical audit in December 2016 was successfully completed to achieve ISO 50001 status.