ORRAA is delighted to welcome Deutsche Bank as a full member and as its leading global partner from the banking sector.
Our ‘first-of-its-kind’ partnership with Deutsche Bank will help scale up global action and private finance to invest in marine and coastal natural capital, promote a sustainable blue economy and build resilience in the regions most vulnerable to ocean-related risks.
Deutsche Bank’s International Private Bank, which will lead the partnership, has a long track record of offering environmental, social and governance (ESG) themed investments. Claudio de Sanctis, Head of the International Private Bank, said: “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 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.”
Karen Sack, Co-Chair of ORRAA, welcomed Deutsche Bank to the growing Alliance, saying: “The finance sector can, and must play a pivotal role in addressing ocean risk. As one of the Alliance’s ‘anchor’ members, Deutsche Bank will help us set the ambition for the finance sector in catalysing financial innovation and private sector investment for our ocean.”
Chip Cunliffe, Co-Chair of ORRAA, added: “We are excited to see Deutsche Bank, Germany’s largest bank, becoming a driving force for biodiversity-positive investment. Our partnership will bolster ORRAA’s unique role in convening action and capital to secure positive outcomes for the Ocean and the communities that depend on it.’
Read more and watch a short video of Claudio de Sanctis, Head of Deutsche Bank’s International Private Bank, and Karen Sack discussing the partnership.