Deutsche Bank has used a group-wide sustainability management system based on the ISO 14001-standard since 1999. It covers environmental, social and governance issues and includes structures, processes and responsibilities for effective implementation of the sustainability strategy.
The sustainability management system supports our aim to continually improve our sustainability performance in all areas – in our core business as a financial services provider, our operational environmental protection measures, personnel management, and corporate management. It enables us to recognize and rectify any undesirable developments at an early stage.
Regular audits have demonstrated that we have steadily improved our sustainability performance since the system was first certified in 1999. In March 2012 Deutsche Bank was recertified to ISO 14001 for the following three years. As part of the recertification, several corporate units of the Bank and parts of the infrastructure units were audited. Social issues and corporate governance were taken into account as well as environmental matters.
Over the next three years we want to improve our sustainability management in five key areas:
- Strengthening the strategic approach of our sustainability management
- Defining a new and improved stakeholder engagement strategy
- Making our sustainability goals more strategic
- Introducing key performance indicators (KPIs) for sustainability and a system for monitoring and reporting on their performance
- Updating our system for managing sustainability risks, especially in areas that are particularly sensitive for our business.