Deutsche Bank’s corporate citizenship initiatives underscore our Corporate Social Responsibility mission to be a reliable, socially minded partner and a catalyst for positive change.
The world is changing at an ever-increasing pace. Demographic change is putting pressure on resources, while success in the labor market is increasingly dependent on knowledge and skills. Two of Deutsche Bank’s goals are to ensure that our education projects prepare young people to participate in tomorrow’s workforce and to continue our work with pioneering enterprises to drive positive change in society. Our corporate citizenship initiatives underscore Deutsche Bank’s Corporate Social Responsibility mission to be a reliable, socially minded partner and a catalyst for positive change.
Addressing Societal Issues through Entrepreneurship
In 2016, we rolled our global Made for Good program. Deutsche Bank has a long-standing track record of providing socially-motivated finance, having seeded over 4 million loans for micro-entrepreneurs addressing issues of poverty in the developing world. Supporting early-stage social enterprises –microenterprises, non-profits or commercially viable social businesses – is a natural extension of our core franchise.
Made for Good supports innovative businesses that tackle urgent social and environmental challenges, such as ensuring access to education, healthcare, food and clean water; creating routes out of poverty; and invigorating local economies; and contributing to vibrant and diverse communities. In addition, Made for Good provides direct access to Deutsche Bank employee know-how, as well as the bank’s networks and capital market expertise.
To identify The Best Countries to be a Social Entrepreneur, Deutsche Bank sponsored the first expert poll. The research, carried out by Thomson Reuters in 2016, found that social entrepreneurship is thriving around the world: 85% of participants reported growth in their country.
Supporting Tomorrow’s Workforce
At Deutsche Bank, we believe that all young people, regardless of social or cultural background, should have the chance to develop their talents and position themselves for success. Our Born to Be youth engagement program is designed to break the cycles that limit prospects for employment globally through a range of interventions. This includes building aspirations among children and youth, teaching new skills, and providing an open path to educational and employment opportunities. In 2016, we reached 1.35 million young people globally with our Born to Be projects.
With these flagships initiatives, as well as our support for local communities and the disadvantaged we generate positive impact – for our clients, employees, investors and society. In 2016, nearly 4.9 million individuals directly benefited from the bank’s social responsibility programs and almost 17,000 corporate volunteers collectively dedicated 187,000 hours to support the bank’s initiatives.