Deutsche Bank has announced that it will be the first bank to join the Ocean Risk and Resilience Action Alliance as a full member.
Being the first bank to join the alliance will bring a wealth of financial expertise and knowledge to bear when protecting our oceans.
ORRAA is a cross-sector collaboration launched by the UN at the 2019 United Nations Secretary General’s Climate Action Summit. The alliance aims to bring together companies, governments, financial institutions, environmental organizations and a host of other stakeholders dedicated to protecting our oceans and planet.
Commenting on the tie-up, Claudio de Sanctis, the head of the International Private Bank and CEO of European and Middle Eastern operations at Deutsche Bank, stated:
“Banks can be a positive force for social change, and partnering with ORRAA is another significant milestone towards embedding sustainability at the heart of everything we do for our clients and society. I have been passionate about the environment since spending much of my childhood in and around the ocean. As I have grown older I have been increasingly concerned about the damage we see around the world, so I could not be more excited about the long-term potential for this partnership, from thought leadership to client engagement and a positive impact on this most critical part of our ecosystem.”
While ORRAA Co-Chair Karen Sack added:
“By joining ORRAA, Deutsche Bank can lead the way in setting the ambition for the finance sector in catalysing financial innovation and private investment for our oceans. Together we can help build resilience in the most exposed and vulnerable communities around the world; protect and regenerate valuable natural assets; accelerate the pace of change in delivering the United Nations’ Sustainable Development Goals; and therefore reduce the environmental, economic and social impacts of climate and ocean change.”
For more info, go to deutschewealth.com.