Deutsche Bank announced that it has raised €500 million (USD$593 million) in a new green bond offering, the first by the bank to be issued under the EU’s European Green Bond (EuGB) standard.
Adopted by the EU in November 2023, and taking effect in December 2024, the EuGB regulation was launched by the European Commission to establish a “gold standard” for green bonds, in order to combat greenwashing and advance the sustainable finance market in the EU.
Under the regulation, all proceeds from instruments issued under the new EuGB designation are required to be invested in economic activities that are aligned with the EU Taxonomy. Additionally, companies issuing bonds under the EuGB designation are required to follow strict transparency criteria, including disclosing how the proceeds from the bonds will be used, as well as committing to a green transition plan, and reporting on how the investments contribute to the those plans.
Deutsche Bank’s new green bond follows the release by the bank in January 2026 of its updated Sustainable Instruments Framework, outlining eligible uses of proceeds for sustainable financing instruments, as well as a separate EuGB factsheet, highlighting its intended allocation of proceeds from EuGB-aligned offerings.
According to the bank, proceeds from the new offering will be exclusively allocated to refinance assets within the Green Buildings category of its Sustainable Instruments Framework, with the portfolio consisting entirely of residential real estate loans compliant with the EU Taxonomy.
Richard Stewart, Deutsche Bank Group Treasurer, said:
“By aligning with the European Green Bond Standard, we are providing investors with a transparent, high-quality investment opportunity that directly supports the green transition in the real estate sector and underscores our role in financing the transition to a net-zero economy.”
Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.
