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Deutsche Bank says on track for carbon-neutral business target.

Global Banking News-14 December 2009-Deutsche Bank says on track for carbon-neutral business target(C)2009 ENPublishing -

Global Banking News - 14 December 2009(c)2005 - Electronic News Publishing -

Germany-based Deutsche Bank (NYSE: DB) has said that its target of carbon-neutral business in 2012 is achievable.

The bank said that as much as 67 per cent of the electricity consumed by it comes from renewable energy sources and added that it has cut carbon emissions by 173,000 tonnes since 2007. It has set aside up to EUR22m until 2012 to offset unavoidable carbon emissions.

Deutsche Bank is trying to achieve completely carbon-neutral business operations by 2012.

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((Distributed via M2 Communications -

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Publication:Global Banking News (GBN)
Date:Dec 14, 2009
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