Deutsche Bank's Corporate Finance and Global Transaction Banking activities are collectively called Global Banking and provide an integrated suite of products and services for clients worldwide. more
Corporate Finance
Corporate Finance’s efforts in addressing the climate change centre around its renewable energy initiative.
We recognise that the banking sector will play a key role in the development of the renewable energy sector. The carbon agenda is a major concern for Chairmen and CEOs worldwide and Deutsche Bank aims to be an ambassador for climate change.
Deutsche Bank occupies a leading position as an advisory and intermediary in the renewable energy sector and has been involved in a series of landmark transactions.
We aim to develop and deliver climate change-related banking solutions for our priority clients. As well as strengthening awareness, we also advise our clients of the challenges and the opportunities presented by climate change.
DB Leadership Forum
Corporate Finance spearheaded the DB Leadership Forum in June 2009. The theme of the conference was "Business Opportunities in addressing climate change". Attendees at the inaugural Deutsche Bank Leadership Forum in Berlin came away with a distinct sense of urgency and a realisation that the world is facing a serious problem that requires immediate and concerted action. The underlying message from Berlin was the need to act urgently to curb carbon emissions. From a business perspective, four key take-aways stood out: the scale of the required change, the urgency, the need for cooperation, and the significant business opportunities. more
Solar energy - a bright future?
Deutsche Bank has been active in a number of areas surrounding solar energy and is one of the top three underwriters in the sector. The Bank played a key role in the development and financing of the world’s largest Photovoltaic park "SPEX", which will supply electricity to the Spanish electricity grid. Deutsche Bank was joint global coordinator and bookrunner of a EUR 362m initial public offering for SMA Solar Technology - the largest solar IPO at the time.
Further initiatives
Climate Change Conference Copenhagen
Deutsche Bank Research has issued a paper that looks at the outcome of the recent United Nations Climate Change Conference in Copenhagen.The report says “the glass is half full”, and admits that while the Copenhagen Accord has disappointed many observers, particularly as no legally binding agreement was reached and that no specific reduction targets were agreed on.
Deutsche Bank Research comments: “Still, the Accord addresses many crucial elements of a framework for tackling climate change. The greatest near-term risk stemming from the Accord concerns the future of carbon markets. In order to reduce uncertainties it is necessary to make quick progress on both carbon market reform and financing of international mitigation projects. Many countries have embarked upon their own climate policies. The Copenhagen Accord does not end these policies or slow down the momentum that was gained in the run-up to Copenhagen. The weeks ahead will of course reveal countries’ willingness to register ambitious policies and thus keep up the momentum.”
The report adds that building trust is crucial and that future conferences may want to break down the discussion into smaller, still complex topics, for example by separating mitigation and adaption issues.
Deutsche Bank Research: Copenhagen and beyond – a glass half full, Jan 25, 2010
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Global Banking
Deutsche Bank's Corporate Finance and Global Transaction Banking activities are collectively called Global Banking and provide an integrated suite of products and services for clients worldwide. more