Deutsche Bank to end global business activities in oil, gas and coal sectors by 2025

Deutsche Bank has adopted a new Fossil Fuels Policy which aims to end its global business activities in coal mining by 2025 in a bid to drive the transformation to a sustainable economy. Previously, the bank had set a three-year objective of reducing its loan exposure to coal-fired power plants by 20 per cent, which it had achieved by end 2019. Deutsche Bank is also reinforcing its commitment to not finance any new coal-fired power plants.

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