Deutsche Bank (DWS Group)

New York, Germany, New York
Banks, Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Deutsche Bank, has terminated business relationships due to social and political pressures. The bank will not finance oil and gas-related projects. Deutsche Bank scored a 90 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Deutsche Bank increases the risk of dividing employees, alienating customers and harming shareholders. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Deutsche Bank uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company provides a benefits package for employees which covers travel/lodging costs for an abortion. DWS Group is part of the Net Zero Asset Managers initiative and a PCAF member, committed to carbon neutrality with its investments by 2050. Deutsche Bank supports the BLM movement and is a PGLE member. The company opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces, and it supports multiple ideological organizations. Deutsche Bank supports the Equality Act. For these reasons, Deutsche Bank receives a High Risk rating.

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