The Deutsche Bank (DB) is an international commercial bank with extensive experience and a presence in Africa, Latin America and the Asia-Pacific and Caribbean regions. DB has a well-established track record in implementing private sector investment opportunities in climate change adaptation and mitigation. In particular, it has managed investment funds which have been used in sustainable development initiatives in the areas of renewable energy, energy efficiency and agriculture, all of which overlap with the results areas of the GCF. In the past year, DB has financed renewable energy projects worth EUR 4.3 billion, which includes investing EUR 1 billion of its own capital. Bringing with it its progressive experience, DB sought accreditation to the GCF in order to contribute to the objectives of the GCF by mobilizing funds through a variety of instruments, including loans, equity and guarantees, for implementing scalable, innovative climate change adaptation and mitigation projects including through local small and medium-sized enterprises in developing countries. By leveraging its global partnerships, DB offers the GCF a unique opportunity through which to raise additional resources from private sector sources, under diverse modes of engagement, such as structured joint financing arrangements and specialized investment funds.
Deutsche Bank signs Accreditation Master Agreement with Green Climate Fund
23 May 2017 / Deutsche Bank today signed an agreement with GCF, enabling the Bank to receive and use GCF capital to raise further funds from private sector investors to support action on climate change.