Deutsche Bank Enhances Ocean Protection Policies Under #BackBlue Initiative

Deutsche Bank is enhancing its commitment to ocean conservation through its #BackBlue initiative, with updated due diligence policies set for Q4 2024. Following its pioneering role in the initiative since 2023, the bank’s new guidelines will align with international standards to monitor environmental compliance in maritime transport, protect sensitive marine areas, and impose stricter requirements on marine aquaculture. Notably, Deutsche Bank will not finance deep-sea mining projects due to environmental concerns. This initiative underscores the critical link between ocean health and the global economy, reflecting a broader commitment to sustainable practices. Resources: https://esgnews.com/deutsche-bank-enhances-ocean-protection-policies-under-backblue-initiative/