Deutsche Bank has set up a Singapore-based center focused on developing environmental, social and governance-related solutions.
Deutsche Bank’s center will focus on innovation in ESG and fintech to develop new products to address market gaps, according to a statement.
In addition to internal activities, the center will also share global best practices with regulators and regional bodies in Asia, such as Asean and Asia Pacific Economic Cooperation.
The center will house a sizeable team that will work across all business divisions, developing solutions across impact monitoring, data management and payments to unbanked communities.
The transition of Asia towards sustainable practices requires ESG transaction models, products, solutions and regulatory measures which meet international standards while supporting on-the-ground realities in Asia, said Deutsche Bank’s APAC head of ESG Kamran Khan.