December 8

Deutsche Bank Becomes First Bank to Join #BackBlue Ocean Finance Commitment

Today Deutsche Bank, which has total assets of 1,358 billion EUR and has 1,407 billion EUR of assets under management became the first bank to join #BackBlue – a Blue Finance Commitment which ensures that a sustainable and regenerating Ocean has a seat at the table in finance and insurance decisions.

The Deutsche Bank announcement comes on the eve of Ocean Day at the COP28 climate summit in Dubai, where ORRAA will be making a call for more financial institutions and insurers to follow suit. Deutsche Bank is ORRAA’s lead global banking partner.

Source: Ocean Risk and Resilience Action Alliance (link opens in a new window)

Environment, Investing
blue economy, climate change, ESG, innovation, SDGs, sustainable finance