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Executive: Woojin Chung

Phone: 58858
E-Mail: woojin.chung@db.com
Department: Global Banking - TMT

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Deutsche Bank’s
commitment to addressing

climate
Foreword

Overview of Deutsche Bank’s activities in climate change


Building on its more than a decade-long engagement on sustainability issues, Deutsche Bank has over the past two
years placed added focus on climate change. In order to answer the question of what it can contribute to the issue as
one of the leading financial services providers, the bank set up an Environmental Steering Committee (ESC). The ESC
is a bank-wide committee with representatives from all businesses as well as infrastructure functions.
Recognising the broad-based nature of the climate change puzzle, we pursue a three-pronged approach and act as a:
1. Climate change ambassador: Building on our well-recognised research platform and policy experience, we
engage with regulators and policymakers in many of the 75 countries in which we operate. Similarly, we have
participated in some of the most influential fora that provide input to the Copenhagen climate negotiations process.
2. Financial intermediary: As an asset manager we can steer investments into low-carbon companies, as a trader
we provide liquidity in the carbon market, and as a capital markets participant we can raise debt and equity capital
to fund clean tech companies and projects and provide solutions to all clients who face the inevitable impact of
climate change.
3. Eco-efficiency manager: Leadership demands responsibility. By reducing our carbon footprint, we not only make
a positive contribution to the climate, but also challenge ourselves to find energy efficiency solutions that have a
positive impact on our bottom line.

Despite the challenging global economic and financial outlook, we believe that climate change remains a growth area.
In fact, climate change-related activity is likely to be a key driver of a global recovery scenario in a 2-3 year timeframe,
led initially by government action around green infrastructure investment, as reflected in the stimulus packages that
have been adopted by a number of countries including the United States, China and South Korea. Therefore,
investments in climate change should be carried out in a counter-cyclical fashion over the next few years, and firms
should be ready to act in markets with large catch-up potential such as the United States. We also see significant
potential in Brazil, China, India and the Middle East, where climate change will trigger immense business opportunities.
Over the past 18 months, Deutsche Bank has remained committed to its strategic vision to become one of the global
leaders in the space, and has delivered tangible results:
„ Rapid product development and strong distribution push in Asset Management
„ Near-doubling of income from renewables (wind, solar, etc.) within Global Banking
„ Commitment to build up a private equity position in green assets
„ Increasing recognition of Deutsche Bank by governments, clients and public policy groups as a major player and key
counterpart for regulatory dialogue, building on our demonstrated thought leadership through our various research
teams
„ Creation of an external Climate Change Advisory Board (CCAB) and the exciting potential this offers the bank in
terms of a very high profile and powerful network of individuals who value the bank’s efforts

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Foreword (continued)

Climate change ambassador


Any discussion of the Bank’s thought leadership must start with our research and policy role and the realisation that
markets for climate change related products are entirely created by policy, regulation and standards
(see Deutsche Bank’s Thought Leadership in Climate Change, June 2009). The ongoing climate change negotiations
are thus crucial for business as they will create the framework within which business will have to operate. At the same
time, the business community can play an important role in this process by demanding that a meaningful policy
framework should be:
„ Market-based and favour cap and trade regimes
„ Long-term and provide continuity, stability and certainty for investors
„ Comprehensive and address all greenhouse gases and relevant sectors
„ Equitable and recognise that all current and future major emitting countries have common responsibilities, but
differentiated circumstances
The challenges that policymakers face are formidable. The world’s carbon stock needs to be limited to 450 ppm by
2100 if we want to limit global warming to 2 degrees Celsius. This requires a reduction in green house gases by nearly
one third by 2020 relative to business as usual, or 17 Gt of CO2e, according to the McKinsey cost curve. Given
emission profiles, technologies and sectoral composition, about two thirds of this reduction will have to take place in the
developing world (roughly one half of that in China, Brazil and India). These mitigation efforts by developing countries
will require an average of about €55-80 billion in incremental funding per annum between 2010 and 2020. Beyond
2020, subject to appropriate levels of carbon prices, many critical technologies such as CCS will become commercially
viable, delivering a greater impetus on the overall mitigation effort.
While these facts underscore the magnitude of the challenge, they also illustrate how vast a business opportunity for
Deutsche Bank and for many of our clients the climate change represents on the journey to a sustainable low-carbon
economic system.

Financial Intermediary
As a financial institution, Deutsche Bank is clearly focused on, and driven by, anticipating and responding to our clients’
needs. Accordingly, thought leadership requires us to strengthen awareness of climate change issues with all our clients
and advise them on strategic opportunities and challenges. In addition to this strategic advisory function and our normal
activities as a capital markets participant, we have identified the following four areas which are particularly relevant for
transformational change:
1. Clean technology: Building on our experience in the German market, our solar and wind engagement has quickly
spread to other geographies in Europe, Asia and the Americas. Beyond solar and wind, we see growing
opportunities in second and third generation biofuels as well as battery technology.

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Foreword (continued)

2. Carbon market activities: For several years, carbon trading has been an important and growing business as a
result of very active engagement in the offset project market (Clean Development Mechanism under the Kyoto
Protocol) as well as the European emissions trading scheme. The experience we have gained not only facilitates
our policy work (for instance by articulating and promoting emerging best practice carbon market design elements),
but also our position in new markets such as the United States, New Zealand and elsewhere. As an important
complement to our carbon trading operations, our transaction bank introduced last year a suite of carbon products
that comprise, among others, an escrow service for small counterparties and a clearing and settlement service for
spot trading exchanges. These products will become an important part of market infrastructure as carbon markets
reach a critical size.

3. Energy efficiency in buildings: Globally, energy efficiency represents about one third of the abatement potential
between now and 2020. While considered the low hanging fruit for tackling climate change, there are a number of
important barriers including up front capital requirements to realise energy-savings potential over time, lack of
common valuation methodology and misaligned incentives between owners and tenants. We are developing
financial solutions that can support energy efficiency projects at scale, making it easier for companies to pursue
these projects.

4. Green infrastructure: This initiative is likely to come into greater focus this year as green infrastructure investment
will feature in economic recovery programs in the United States and the United Kingdom. In the United States,
Deutsche Bank is establishing thought leadership around the topic of green infrastructure through recent publications
by Asset Management as well as active policy dialogue. This will be followed by products and services to facilitate
these developments.

Eco-efficiency manager
Our role as an eco-efficiency manager and corporate citizen constitutes the third leg of our overall environmental
strategy. At Deutsche Bank, we accept the need to reduce our carbon footprint. The management Board committed
last year to reduce the bank’s global carbon footprint by 20 percentage points every year compared to its 2007 base
year in order to neutralise the CO2 emissions of its worldwide operations by 2012. The bank plans to reduce its
carbon emissions through sustainable improvements in the energy efficiency of its buildings and technology
infrastructure, greater use of renewable energy sources as well as the purchase of emission certificates to offset any
remaining CO2 emissions.
Key initiatives include:
1. Renewable energy: As of 2008 Deutsche Bank is purchasing 100 percent of its electricity needs in Germany,
Italy, UK and Switzerland from renewable sources. In January 2009, we added the United States to this list. On a
global basis approximately 67% of our total electricity requirements will be met by renewable electricity this year.

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Foreword (continued)

2. Building efficiency: Our Frankfurt headquarters is undergoing a significant renovation. We have incorporated
into this €300+ million programme a significant investment in greening our towers to set a new standard both within
Deutsche Bank and more broadly for the real estate industry in terms of large scale green refurbishment.

3. Staff education: We launched last year an internal website “Passion for the Planet” that is designed as an
outreach to all staff, providing advice on how they can affect our carbon footprint through their own behaviour. It
also offers information on what people can do in their own homes. Going forward, we are planning to make this site
increasingly more interactive to benefit from the many ideas staff have on energy and eco-efficiency.

4. Information technology: We recently announced a global 4-year commitment to deliver eco-efficient IT by 2012.
This 8 point plan includes a commitment to realise a 4-fold increase in energy efficiency in our data centres as well
a halving the IT energy consumption per head in our corporate offices. In addition we will be rolling out industry
leading initiatives to further reduce travel and paper while introducing eco-supplier management into our purchasing
processes including end-of-life recycling.

5. Creative solutions: We believe break-through innovation is critical to solving the challenge of climate change.
Our support of the Solar Impulse, a plane which is expected to fly around the globe in 2011 fuelled only by the sun,
is an example of our commitment to supporting creative solutions which allow all of us to envision a new world
powered by renewable energy.

Caio Koch-Weser
Vice Chairman, Deutsche Bank
Chairman, Environmental Steering Committee

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Underlining Deutsche Bank’s strong commitment and stature
in the climate change sector
M&A
„ Global team with dedicated professionals across Europe, US and Asia covering each climate
change sub-group
„ Recent large-scale, landmark transactions demonstrate Deutsche Bank’s strong franchise
credentials Top Financial Advisor
– Financial advisor to Babcock & Brown Wind Partners on the sale of selected wind assets in to the Acquirer 2008
Spain, Portugal and Greece Deutsche Bank
– Sole Financial Adviser to Bosch on the €1.2bn acquisition of ersol Solar Energy, the largest
Solar M&A transaction of 2008

Equity Capital Markets


„ Leading global ECM franchise with strong track record
– No 1 Bookrunner for global renewable energy ECM issuance with 7 transactions since 2008
and 19 transactions since 2005
– Joint Bookrunner on the €362m SMA IPO, the largest solar IPO in 2008 and the Euromoney
Renewables IPO of the year 2008
– 2009 equity/equity-linked transactions have included SunPower (US, $460m), Euromoney E&Y Renewables
Suntech (China, $250m) and NorSun (Norway, $75m) IPO of the Year 2008
SMA Solar Technology

Asset Finance and Leasing


„ In-house project development, construction financing and long-term project financing advice
„ Co-investing (equity, mezzanine) with experienced developers in construction projects
„ Development of 28 wind parks so far with a total capacity of 623MW and 5 solar parks with a total
capacity of 58MW

Solaris
European Renewables
Deal of the Year 2007

Research, Sales and Trading


„ Global equity research team providing top-rated carbon market research and sector analysis on a
number of climate change related sectors and companies, including automotive, real estate and
renewable energy
„ Recognised as an investment industry thought-leader on a broad range of climate change dynamics
– Research and white papers produced by Asset Management’s DB Climate Change Advisors, No 1 Research in Emissions
frequently featured and cited by third parties
– Research on green building trends and infrastructure from RREEF
„ Leading trader of renewable energy equities, with No 1 market share in many stocks worldwide

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Underlining Deutsche Bank’s strong commitment and stature
in the climate change sector (continued)
Debt Capital Markets
„ Structuring and arranging of non-recourse and corporate-level senior and mezzanine debt and
equity capital
„ Financial advisory services for developers of new projects
„ Recent transactions include
– Placement Agent for mezzanine debt and preferred stock for agri.capital, a leading European Best Debt Bank in
developer of biogas projects Western Europe 2009
– Placement Agent for preferred stock for VREC, a Brazilian ethanol developer
– Bond offering for 20MW photovoltaic solar energy park (Solaris)

Deutsche Asset Management


„ In January 2008, DeAM consolidated under one roof all climate change businesses and
rebranded it as DB Climate Change Advisors
„ DeAM created the first dedicated climate change platform of any full service asset manager
and has achieved a market leading position in climate change mutual funds
„ DBCCA is exploring strategies for various asset classes in response to client interests
Best Fund Management
Group 2008

Carbon Trading and Commodities


„ Proven track record and significant experience in the origination of emissions reductions certificates
– Involved in over 60 CDM & JI projects in 16 countries with total expected reductions to 2012 of
over 300m tonnes
– Project Participant status in 14 registered CDM projects and listed as buyer in 27 CDM projects No 1 Dealer in primary and
„ Active in the secondary global emissions reductions markets transaction structuring secondary CERs
„ Full suite of climate change associated commodity products, notably around energy trading

Sustainability
„ Fully committed to our own sustainability with a full time team of professionals dedicated to this
„ Our commitment to sustainability has been rewarded with ISO 14001 – one of the first banks to
receive the certification in 1999
„ Deutsche Bank is continuing to lead by example with
– Greentowers: to make Deutsche Bank building the first LEED Platinum certified building
– Eco-efficient IT to reduce carbon footprint and energy consumption ISO 14001 certified

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Sale of Babcock & Brown wind assets: Complex
simultaneous global M&A process

Babcock & Brown Wind Partners Ltd Babcock & Brown Ltd and Babcock Babcock & Brown Wind Partners Ltd
& Brown Wind Partners Ltd

EUR830 million EUR1.2 billion Undisclosed


Sale of Spanish wind assets Sale of Portuguese wind assets Sale of Greek wind assets portfolio
portfolio to FCC portfolio to Magnum Capital led consortium to RF Energy

Joint Financial Advisor Joint Financial Advisor Joint Financial Advisor


August 2008 November 2008 December 2008

Transaction highlights

„ B&B and BBW assets were sold at the upper end of the range of recent comparable renewable energy transactions

– Both Spanish and Portuguese asset portfolio were sold at circa €1.9m/MW multiple, placing them at the top end

of Spanish and Portuguese renewable energy transactions and at a considerable premium to the level at which

B&B acquired these assets

„ Complicated and intensive process of managing multiple sell-side process in different countries simultaneously

„ The process designed as a wide auction process using Deutsche Bank’s network to facilitate interest among

various participants ranging from strategic players to infrastructure funds

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Bosch acquisition of ersol Solar Energy: Industrial blue chip
expansion into solar

Demonstrating Deutsche Bank’s


Robert Bosch GmbH
ability to deliver a landmark
EUR1.2 billion
Acquisition of ersol Solar Energy AG
transaction, defining the next

Sole Financial Advisor and Tender Agent for phase of development in the global
the public tender offer

August 2008 solar sector

Transaction highlights

„ Deutsche Bank acted as sole Financial Advisor and Tender Agent to Bosch on its €1.2 billion public takeover of
ersol Solar Energy AG

„ Bosch’s acquisition of ersol was an industry-transforming transaction and the first transaction with an established
industry conglomerate acquiring a sizeable solar company

„ Bosch had been already active in the renewable energy market with wind power and maritime energy and had the
aim of expanding its new energy technology business unit with the acquisition of ersol

„ Alongside the acquisition of ersol, Bosch also acquired the thin-film technology subsidiary ersol Thin Film (ETF)
from the former majority shareholder Ventizz Funds

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Suntech Power Holdings: US$250m equity follow-on offering

Offering summary Global Solar equity offerings since 2008

1,800 1,707
1,600 1,487
1,407

Total issuance (US$m)


Pricing date: May 21, 2009 1,400
Offering size: $250 million
1,200
Execution method: 1-day marketed
1,000 914
# of shares offered: 20.0 million / 100% primary
800
Overallotment option: 3.0 million shares / 30 days 588
Offer price: $12.50 600 450
% of pre-deal mkt. cap: 12.8% 400
186
Mult. of ADTV: 3.9x
200 108
Role: Joint Bookrunner
0
UBS CS MS Citi GS Piper JPM
Source: Dealogic, full credit given

Transaction highlights

„ Deutsche Bank acted as Joint Bookrunner on Suntech Power Holdings’ US$250m equity follow-on offering on 21
May 2009

„ Offer was designed to strengthen Suntech’s balance sheet

„ Gross order book was well-covered including strong demand from dedicated tech funds alongside new investors

„ The offer price was at a 7.2% discount to the last trade

„ Deutsche Bank has been a Bookrunner on more solar equity offerings than any other firm since 2008, raising the
greatest amount of proceeds (approximately US$1.7bn) for its clients

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SunPower Corporation: Concurrent issuance of US$230m
convertible (with call spread) and US$228m equity
Offering summary

Senior Convertible Debentures due 2014 1-Day Accelerated Bookbuild

Issue date: April 28, 2009 Pricing date: April 28, 2009
Ranking: Senior Offering size: $228 million
Size: $230 million Shares offered: 10.35m
Maturity: 5 years Offer price: $22.00
Coupon ( s.a.): 4.75% % of pre -deal mkt. cap: 12.0%
Conversion premium: 20.0% Mult. of ADTV: 4.4x
Conversion price: $26.40 Discount to last sale: (2.7%)
Effective premium: 75.0% File/offer discount: (8.5%)
Effective conversion price: $38.50 Offer to 1 st close: +13.9%
Conversion ratio: 37.8788 Role: Joint Bookrunner
Call feature: NC-life
Put feature: None
Role: Left Bookrunner

Transaction highlights

„ In addition to its Bookrunner role on both the convert and equity offerings, Deutsche Bank acted as lead
counterparty on SunPower’s call spread transaction

„ Deutsche Bank's pre-marketing efforts resulted in several key fundamental orders and significant oversubscription of
more than 3x for the convertible offering

„ Upsized convertible offering priced at the midpoint of the aggressive range with a 4.75% coupon and 20.0%
conversion premium

„ Company entered into a call spread transaction with Deutsche Bank and other counterparties to increase the
effective conversion premium to 75%

„ Equity priced at a discount of 2.7% to last trade

„ Company intends to use proceeds to repay outstanding convertible debt and general corporate purposes

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SMA Solar Technology: Largest solar IPO in 2008

Offering summary

Trading date 27 June 2008


Offer price €47.00
Bookbuilding range €40.00 – €52.00
SMA Solar Technology AG
Primary/secondary split 35%/65%
(incl greenshoe)
EUR362 million Offer size (incl greenshoe) €362m
Initial Public Offering
Market cap at offer price €1,631m
Free float 25%
Joint Global Co-ordinator and Joint Listing Frankfurt Stock Exchange
Bookrunner
June 2008
Germany

Transaction highlights

„ Deutsche Bank acted as the Joint Global Co-ordinator and Joint Bookrunner

„ The IPO of SMA represented the largest solar IPO in 2008 and the only sizeable IPO in Germany in 2008

„ The book of demand was multiple times oversubscribed from a broad range of high-quality investors covering
specialised renewable energy funds as well as leading German and European institutions

„ Through the momentum in the book, Deutsche Bank managed to push pricing through the mid-point

„ The IPO was executed in very challenging market conditions. The decoupled pricing structure facilitated the IPO to
be successfully executed despite broader market volatility

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30 MW photovoltaic park in Extremadura, Spain: One of the
largest of solar parks in the world to date
Project description

„ 30MW photovoltaic park (137 ha) located in the region of Extremadura in


the Southwest of Spain
„ Roughly 180,000 mono- and poly-crystalline modules installed on 1,875
movers, each expected to generate 32,000kWh of electricity pa
„ The whole park will generate enough electricity to supply 16,000
households (assuming 3,800 kWh average consumption pa)

Transaction summary

„ Deutsche Bank's Asset Finance & Leasing business, in a 50/50 joint


venture with its Spanish partner ecoEnergías, developed the project, with
SolarWorld AG as an industrial partner
„ The total investment cost amounted to €250m
„ Deutsche Bank provided all of the construction equity and part of the
construction debt

Deutsche Bank’s role

„ Deutsche Bank acted as sponsor and co-developer to its Spanish JV-


partner ecoEnergías
„ Deutsche Bank arranged the construction financing and is currently
arranging a large part of the long-term debt
„ The transaction represents one of an entire series of investments in
renewable energy projects facilitated by Deutsche Bank and emphasises
that the efficient combination of banking with hands-on project
development skills is highly beneficial for successful implementation of
renewable energy projects

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European Renewables Deal of the
Year 2007

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Solaris: Innovative financing structure awarded Euromoney
Renewables Deal of the Year
Project description

„ Development of photovoltaic solar power facility with total capacity of 16 MW with potential additional capacity of
4MW
„ First capital markets solution of its kind in Europe for this asset class. Solaris is a milestone in hybrid project finance
and, in particular, portfolio aggregation, as it provides private client investors with the benefits of the international
capital markets
„ Transaction designed to benefit from regulated tariffs under which generators under 100kW are eligible for
favourable tariffs

Transaction summary

„ The financing totalled €217 million and included €185 million senior notes
„ Maturity of a total of 24.5 yrs was, at the time, the longest in the market for renewable projects
„ €33 million (in aggregate by the 200 borrowers) provided in the form of equity and quasi-equity instruments
„ Electricity generated will be purchased by Iberdrola under an off-take agreement prescribed by the Spanish
government

Deutsche Bank’s role

„ Deutsche Bank acted as sole Financial Adviser, Arranger and Underwriter


„ Deutsche Bank placed the project equity to Spanish private investors through its Private Wealth Management
network in Spain
„ This transaction further consolidates Deutsche Bank's position of developing innovative and pioneering transactions
combining its equity distribution power in the Private Wealth Management business with its structuring and advisory
capacity and pre-eminent capital markets, securitisation and derivative financing capabilities

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DB Climate Change Advisors: Excellence in fund
management
„ Asset Management awarded "Best Fund Management Group" in the inaugural Climate Change Awards in 2008 by
Incisive Media and the advisory firm Holden & Partners

„ The DWS Invest New Resources fund was awarded as the “Best Fund over the past One Year, Equity Global” by
the Lipper Fund Awards, Gulf 2008

„ Nicolas Huber ranked #13 among top 100 fund managers in Europe, for the DWS Zukunftsressourcen, DWS Invest
New Resources LC, DWS Invest Climate Change LC, DWS Klimawandel funds

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Emission trading and carbon credit procurement:
Undisputed leadership across all products
Emissions (2009)

„ No 1 Overall Emissions Rankings

„ No 2 Primary and Secondary CERs

„ No 3 EUAs

„ No 2 EUA Options

„ No 3 US VERs

Emissions Research (2009) Emissions trading (2008)

„ No 1 Research in Emissions „ No 1 Dealer in Primary and Secondary CERs

„ No 1 Research in Power and Gas „ No 1 Dealer in UK ROCs

„ No 1 Research in Freight „ No 2 Dealer in CCX VERs

„ No 2 Research in Oil „ No 3 Dealer in Primary and Secondary ERUs

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ISO 14001: Deutsche Bank setting the standard for the
banking industry

„ ISO 14001 is an environmental management standard


focused on total quality management (TQM)

„ ISO 14001 helps to improve the sustainability impact of


companies, especially in the field of ESG
(environmental, social, governance) issues

„ Deutsche Bank was one of the first banks worldwide to


receive an ISO 14001 certification in 1999

„ Currently, we are in a process of recertification to


receive a certificate for the period 2008-2011, being
assessed by division, products/services, infrastructure

„ Certification is relevant for rating agencies – good


results in ratings lead to integration in business-
relevant Sustainability Indices

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Sustainability management: Ongoing monitoring and
improvement

Sustainability strategy Analysis of ecological

1. 2. and social impact

Ongoing
Monitoring and
corrective measures
Organisation specialist
„ Performance indicators 6. 3. bodies committees
„ Audits
„ Management review
Improvement
(TQM)

Implementation of the
5. 4. Sustainability program
sustainability program „ Annual targets and
„ Implementation, initiatives
training,
communication,
refinement of the
sustainability
management system

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Greentowers: Setting a new global standard

‘Greentowers’ – a project that sets new benchmarks

„ Deutsche Bank’s “Greentowers” will be the world’s first


Perspective on 2010
renovated skyscraper with a LEED Platinum
certification and will serve as a benchmark for future
projects
„ It also demonstrates the potential for optimisation and
sustainable energy efficiency for existing buildings as
well as how a “green building” approach can be
worthwhile in a wide variety of ways, even as an
investment in existing properties

Efficient use of daylight for Reduced energy consumption


thanks to heat recovery and
workplace lighting heat-cold coupling systems

Electricity savings through Lower ingress of heat thanks


intelligent lighting and green IT
solutions to new triple-pane windows

Natural ventilation through Electricity generated and fed


back into the grid thanks to
windows that can be opened the latest elevator technology

More than 850m² new space


Use of rainwater & grey water
thanks to compact technology
and on-site water treatment
and optimised space planning

Recycling and reuse of raw Hot water heating


materials and construction Higher occupancy through
elements innovative workplace concepts through solar energy

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IT: Eight commitments to eco-efficient IT by 2012

„ We will neutralise the carbon footprint of IT used at Deutsche Bank managed locations
in line with the overall Group’s carbon neutrality commitment

Eco „ We will create an eco-supplier programme to assess the total eco-impact for our major
responsibility IT purchase categories

„ We will track the disposal of our IT assets and ensure they are recycled in an
environmentally responsible manner wherever possible

„ We will use technology to reduce our business and commuter travel

Technology „ We will use technology to halve the amount of paper used in our offices
usage
„ We will double the utilisation of our next-generation hardware

„ We will make a four-fold increase in energy efficiency in our major corporate


Energy data centres

efficiency
„ We will halve the IT energy consumption per head in our corporate offices

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Eco-efficiency: Our contribution to a sustainable
environment

„ Recycling of 30,500 tons plus reuse of construction


Resources elements for 15,000 m² of office space
Recycling: 98%

„ 67% savings per year =


Heating Energy heating energy for approximately 750 households
Reduction: 67 %

„ Savings of 55% power =


Electrical Power annual consumption of approximately 1,900 households
Reduction: 55 %

„ 43% saved water per year =


Water filling of 13 Olympic-sized pools
Reduction: 43 %

„ Reduction of 55% per year =


CO2 Emissions 3,700 cars driving 12,000 km
Reduction: 55 %

„ Up to 600 additional employees will benefit from the


Utilisation ratio new upgraded work environment
Increase: 20 %

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Primary Deutsche Bank climate change contacts

Climate change policy and diplomacy

Caio Koch-Weser Sabine Miltner


Vice Chairman Office of the Vice Chairman
E-mail: caio.koch-weser@db.com E-mail: sabine.miltner@db.com
Tel: +44(20)754-77703 Tel: +44(20)754-77006

Investment banking

Charles Bryant Thomas Rueschen


Global Head of Renewable Energy Global Head of Asset Finance & Leasing
E-mail: charles.bryant@db.com E-mail: thomas.rueschen@db.com
Tel: +44(20)754-57461 Tel: +49(69)910-31280

Carbon markets

Martin Lawless Mark Lewis


Global Head of Environmental Products Global Head of Carbon Research
E-mail: martin.lawless@db.com E-mail: mark-c.lewis@db.com
Tel: +44(20)754-73347 Tel: +33(1)449-56761

DB Climate Change Advisors

Christopher Burnham Thomas Curtis Mark Fulton


Global Co-Head of Global Co-Head of Global Head of DBCCA Climate
DBCCA DBCCA Change Investment Research
E-mail: christopher.burnham@db.com E-mail: thomas.curtis@db.com E-mail: mark.fulton@db.com
Tel: +1(212)454-4999 Tel: +1(212)454-7170 Tel: +1(212)454-7881

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