Capital investment
The Deka Group offers private and institutional investors a wide range of real-estate-based and capital-market-based investment products with sustainability features. The solutions available here and the ESG-related principles taken into account for their management are described in the following sections.
Deka Easy Access – Deka offer for savings banks and institutional customers
Basic information in the Sustainability Report 2024
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
Since 2017, the information and trade platform Deka Easy Access has been serving as a central information, management and trade cockpit for the own investments of savings banks. The platform offers them, as well as institutional customers, access to current share indexes, individual stocks as well as interest and swap data. In addition, it provides current information regarding Deka Macro research. Deka Easy Access enables a detailed analysis of the inventory of Depot A and the electronic trading of the most important capital market products such as bonds, swaps and money market business.
In 2024, the new product offer “ESG+” with data from MSCI was introduced within the platform to support savings banks in an even more targeted manner in sustainability-related Depot A management and reporting. Through the additional module, ESG+ customers receive access to detailed analyses of the ESG scores and ratings by the ESG rating agency MSCI ESG, as well as to exclusion criteria that can be based on standardised or individually defined exclusion concepts. In addition, ESG+ affords insights into greenhouse gas (GHG) metrics on both an issuer and portfolio level. The module also supports savings banks in the implementation of regulatory requirements, e. g. with a view to EU taxonomy data. ESG+ therefore enables comprehensive sustainability-related management and reporting for the whole Depot A in one central location. Through the cooperation with MSCI ESG, savings banks benefit from a wide universe of covered issuers, as well as comprehensive and substantiated ESG data.
With the ESG basic module in Deka Easy Access, DekaBank is already supporting more than 300 institutes (effective date: end of 2024) when it comes to integrating sustainability criteria into their capital investments. In cooperation with EthiFinance (formerly imug rating GmbH), Deka Easy Access continues to provide comprehensive information on around 1000 issuers, for example about activities in controversial lines of business or potential breaches of standards, such as the principles of the UN Global Compact. In addition, the indication of an ESG score enables detailed portfolio management and improves the comparability of the issuers. This offer is supplemented by the Deka Research Hub, which offers extensive analyses of issuers of mortgage bonds and other securities.
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
Since 2017, the information and trade platform Deka Easy Access has been serving as a central information, management and trade cockpit for the own investments of savings banks. The platform offers them, as well as institutional customers, access to current share indexes, individual stocks as well as interest and swap data. In addition, it provides current information regarding Deka Macro research. Deka Easy Access enables a detailed analysis of the inventory of Depot A and the electronic trading of the most important capital market products such as bonds, swaps and money market business.
In 2024, the new product offer “ESG+” with data from MSCI was introduced within the platform to support savings banks in an even more targeted manner in sustainability-related Depot A management and reporting. Through the additional module, ESG+ customers receive access to detailed analyses of the ESG scores and ratings by the ESG rating agency MSCI ESG, as well as to exclusion criteria that can be based on standardised or individually defined exclusion concepts. In addition, ESG+ affords insights into greenhouse gas (GHG) metrics on both an issuer and portfolio level. The module also supports savings banks in the implementation of regulatory requirements, e. g. with a view to EU taxonomy data. ESG+ therefore enables comprehensive sustainability-related management and reporting for the whole Depot A in one central location. Through the cooperation with MSCI ESG, savings banks benefit from a wide universe of covered issuers, as well as comprehensive and substantiated ESG data.
With the ESG basic module in Deka Easy Access, DekaBank is already supporting more than 300 institutes (effective date: end of 2024) when it comes to integrating sustainability criteria into their capital investments. In cooperation with EthiFinance (formerly imug rating GmbH), Deka Easy Access continues to provide comprehensive information on around 1000 issuers, for example about activities in controversial lines of business or potential breaches of standards, such as the principles of the UN Global Compact. In addition, the indication of an ESG score enables detailed portfolio management and improves the comparability of the issuers. This offer is supplemented by the Deka Research Hub, which offers extensive analyses of issuers of mortgage bonds and other securities.
Further information
No further information on this specific topic is currently available.
Target groups and customers approach
Basic information in the Sustainability Report 2024
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
The comprehensive palette of capital-market-based and real-estate-based investment products of the Deka Group as the Wertpapierhaus of the savings banks is targeted towards both institutional and private customers of the institutes and considers the specific requirements and framework conditions of the individual target groups.
With its “Sinnvestieren” campaign continued in 2024, DekaBank sought to raise awareness particularly among private customers and savings bank customers that a meaningful financial investment means more than achieving returns, for example by linking financial with sustainability-related objectives. The campaign seeks to illuminate how investors can approach the topics of building and structuring wealth and assets and at the same time support sustainable development and important future topics such as digitisation. To appeal to new target groups, in 2024 the campaign “Sinnvestieren goes Hollywood” started in 2023 was continued.
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
The comprehensive palette of capital-market-based and real-estate-based investment products of the Deka Group as the Wertpapierhaus of the savings banks is targeted towards both institutional and private customers of the institutes and considers the specific requirements and framework conditions of the individual target groups.
With its “Sinnvestieren” campaign continued in 2024, DekaBank sought to raise awareness particularly among private customers and savings bank customers that a meaningful financial investment means more than achieving returns, for example by linking financial with sustainability-related objectives. The campaign seeks to illuminate how investors can approach the topics of building and structuring wealth and assets and at the same time support sustainable development and important future topics such as digitisation. To appeal to new target groups, in 2024 the campaign “Sinnvestieren goes Hollywood” started in 2023 was continued.
Further information
You can find further information on the addressed topics on the Deka Group’s website and/or in relevant documents.
Deka Group’s website:
You can find further information on the addressed topics on the Deka Group’s website and/or in relevant documents.
Deka Group’s website:
- Institutional Investors (available only in German)
- Private Investors (available only in German)
- Wealthy private investors (available only in German)
- Disclosures according to SFDR / Disclosure Regulation – Overview of the Deka Group companies (available only in German)
Documents:
Real-estate-based investment products
The activities of Deka Immobilien Investment GmbH and WestInvest Gesellschaft für Investmentfonds mbH are summarized under the tradename Deka Immobilien. Together they form the Asset Management Real Estate (Asset Management Immobilien, AMI) business division of the Deka Group.
Basic information in the Sustainability Report 2024
The following information on this specific topic is provided in the Sustainability Report 2024:
- Climate change (Asset Management Real Estate business division): p. 313-315
Supplementary information
The AMI business division systematically pursues the climate objectives defined in its sustainability strategy. One of the focuses is on measures for combatting the causes of climate change, especially reduction of the CO2 emissions associated with real estate. Alongside this, measures for responding to the impacts of climate change that have already occurred and are to be expected in future are gaining importance. The long-term objective of the business division remains to achieve climate neutrality at the latest by 2050. This applies to both its own business activities and the complete portfolio.
The focus of the ESG strategies for the individual products is the continuous reduction of the CO2 footprint of the real estate in the fund. The business division uses the Carbon Risk Real Estate Monitor (CRREM), with the help of which decarbonisation pathways are defined and pursued for both the individual real estate and complete portfolios. The measures for energy savings, such as the optimisation of building management through innovative systems or more energy-efficient facilities, are important levels. In addition, the AMI business division is increasingly using renewable energies for the decarbonisation of real estate. E.g. guidelines were drawn up for the increased use of photovoltaic systems on the properties held by the real-estate fund. These measures not only contribute to the reduction of the CO2 footprint of the real estate but also to the lowering of their operating costs.
The focus of the ESG strategies for the individual products is the continuous reduction of the CO2 footprint of the real estate in the fund. The business division uses the Carbon Risk Real Estate Monitor (CRREM), with the help of which decarbonisation pathways are defined and pursued for both the individual real estate and complete portfolios. The measures for energy savings, such as the optimisation of building management through innovative systems or more energy-efficient facilities, are important levels. In addition, the AMI business division is increasingly using renewable energies for the decarbonisation of real estate. E.g. guidelines were drawn up for the increased use of photovoltaic systems on the properties held by the real-estate fund. These measures not only contribute to the reduction of the CO2 footprint of the real estate but also to the lowering of their operating costs.
Further information
You can find further information on the addressed topics on the Deka Group’s website and/or in relevant documents.
Deka Group’s website:
You can find further information on the addressed topics on the Deka Group’s website and/or in relevant documents.
Deka Group’s website:
Basic information in the Sustainability Report 2024
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
In the year 2024, all retail funds and one institutional product were classified as Article 8 products in accordance with the Sustainable Finance Disclosure Regulation (SFDR). Therefore, the majority of the assets under management in the AMI business division are categorised as sustainable. The business division is working on qualifying further special funds for classification according to Article 8 SFDR. It is very important to confer with the individual investors, as they must agree to such a classification.
The most important adverse impacts on sustainability (Principal Adverse Impacts, PAI) are taken account of in the ESG strategies of the funds. Upper limits are observed for the proportion of investments in real estate with a connection to fossil fuels (PAI 17) and poor energy efficiency (PAI 18).
Overall, Deka Immobilien managed around 38.4 billion euros in the real-estate fund on 31 December 2024, in consideration of sustainability criteria. This corresponds to a proportion of 69.6 percent of the assets managed in the AMI business division, whereas in the previous year it was 38.1 billion euros or 68.6 percent.
The most important adverse impacts on sustainability (Principal Adverse Impacts, PAI) are taken account of in the ESG strategies of the funds. Upper limits are observed for the proportion of investments in real estate with a connection to fossil fuels (PAI 17) and poor energy efficiency (PAI 18).
Overall, Deka Immobilien managed around 38.4 billion euros in the real-estate fund on 31 December 2024, in consideration of sustainability criteria. This corresponds to a proportion of 69.6 percent of the assets managed in the AMI business division, whereas in the previous year it was 38.1 billion euros or 68.6 percent.
Further information
You can find further information on the addressed topics on the Deka Group’s website and/or in relevant documents.
Deka Group’s website:
You can find further information on the addressed topics on the Deka Group’s website and/or in relevant documents.
Deka Group’s website:
Capital-market-based investment products
The business division Asset Management Securities (Asset Management Wertpapiere, AMW) comprises the capital management companies Deka Investment GmbH, Deka Vermögensmanagement GmbH, Deka International S.A. und IQAM Invest.
Basic information in the Sustainability Report 2024
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
The capital management companies of the Deka AMW business division extended the traditional triangle of capital investment – return, risk and liquidity – already some years ago by adding sustainability aspects, defining sustainability standards for funds managed by them, regardless of a sustainability-related orientation. The funds managed by the capital management companies do not invest in companies that manufacture controversial weapons such as anti-personnel mines or cluster munitions (cluster bombs). The mutual funds managed by the capital management companies also exclude investment in manufacturers of handguns or companies involved in coal production or coal-based power generation. Furthermore, the Deka Group does not support or manage products that directly reflect the price development of basic foods.
The capital management companies of the Deka Group have made their understanding of sustainability transparent in their ESG policy, which is published on the website. It describes the overarching ESG strategy and the handling of sustainability aspects within stewardship activities, especially when carrying out company dialogues and exercising voting rights, as well as in the investment process and when it comes to products.
The Deka Group offers investors a wide range of funds with sustainability features that is continuously being extended. The current product portfolio comprises more than 100 funds with sustainability features. The funds are divided into product lines according to their ESG strategy. Apart from the fund for private investors, the capital management companies stated above also offer products for institutional investors in which individual ESG strategies are developed and implemented, alongside standardised strategies.
Restructuring of the product range in compliance with ESMA guidelines for fund names
Following the introduction of directives by the European Securities and Markets Authority (ESMA) for the use of sustainability-related name components (ESMA guidelines), the Deka Group restructured its range of funds with sustainability features in 2025. The top priority was to ensure the continuation of the basic investment policy of the affected products and at the same time not to change the target customer market for the individual products. The focus was on not endangering the potential investment universe, as well as the respective profit-risk profiles of the products. The respective ESG strategies of the central Deka fund and asset managements continue to be pursued within this framework and individual criteria have been specified further in addition.
The starting point for restructuring the products is the ESMA instruction that when using certain name components for funds, e.g. “ESG”, “sustainability”, “impact”, “sustainable” or “climate change”, certain ESG criteria such as exclusion criteria must mandatorily be applied, depending on the term used. While the Sustainable Finance Disclosure Regulation (SFDR) defines transparency obligations for the providers, ESMA intervenes in the product specifications depending on the fund name. The ESMA directives have applied since 21 November 2024 to all funds newly set up after this date and since 21 May 2025 also to already established funds.
In consideration of these requirements, the ESG palette of funds at Deka is divided into the following product groups/name clusters:
1. Funds with an investment strategy targeted towards achieving a systematic effective rate in line with the Sustainable Finance Disclosure Regulation (SFDR):
a. Funds with the name component “impact” that primarily pursue an explicit impact strategy. These funds systematically provide sustainable investments in line with SFDR and have a clear focus on the UN sustainability goals.
2. Funds that endeavour to reduce predominantly adverse impacts:
a. Funds including the Deka ETFs with the name component “ESG” (Deka-ESG fund family) that pursue clear minimum standards (including compliance with minimum protection). This minimum protection refers to exclusion criteria of the Delegated Regulation (EU) 2020/1818 for EU Paris-aligned benchmarks (PAB). These PAB exclusion criteria comprise those in relation to fossil fuels, among others.
b. Funds with the name component “perspective” or funds with sustainability features but without an explicit ESG name component that continue to observe ESG criteria and sell products that take account of the Principal Adverse Impacts (PAI).
The fund family “Deka-ESG” also includes the themed funds Deka-ESG Gesundheit and Deka-UmweltInvest, which alongside a clear ESG strategy also focus on selected UN sustainability goals.
The Deka-ESG product palette therefore continues to offer investors a wide choice of equity, bond or mixed fund portfolios, as well as asset managements, with which they can invest in investment solutions that correspond to the special criteria of a sustainable financial investment. The product range was extended in 2025 with the product Deka-FutureFlex, a pension product with sustainability features. The money paid in is invested primarily in companies and countries who attach particular importance to climate protection, human rights and labour rights, as well as good governance. The topics of sustainability and pensions are closely linked, as both are based on long-term planning and responsibility.
Securities investments with a sustainable orientation are possible in the DekaBank Depot from as little as 25 euros. Apart from the funds in the Deka-ESG shares family, seven other funds are suitable for investing capital-forming benefits, including Deka-Impact Aktien (Deka-Impact Shares) and the umbrella fund Deka-BasisAnlage offensiv (Deka-Basis Investment offensive).
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
The capital management companies of the Deka AMW business division extended the traditional triangle of capital investment – return, risk and liquidity – already some years ago by adding sustainability aspects, defining sustainability standards for funds managed by them, regardless of a sustainability-related orientation. The funds managed by the capital management companies do not invest in companies that manufacture controversial weapons such as anti-personnel mines or cluster munitions (cluster bombs). The mutual funds managed by the capital management companies also exclude investment in manufacturers of handguns or companies involved in coal production or coal-based power generation. Furthermore, the Deka Group does not support or manage products that directly reflect the price development of basic foods.
The capital management companies of the Deka Group have made their understanding of sustainability transparent in their ESG policy, which is published on the website. It describes the overarching ESG strategy and the handling of sustainability aspects within stewardship activities, especially when carrying out company dialogues and exercising voting rights, as well as in the investment process and when it comes to products.
The Deka Group offers investors a wide range of funds with sustainability features that is continuously being extended. The current product portfolio comprises more than 100 funds with sustainability features. The funds are divided into product lines according to their ESG strategy. Apart from the fund for private investors, the capital management companies stated above also offer products for institutional investors in which individual ESG strategies are developed and implemented, alongside standardised strategies.
Restructuring of the product range in compliance with ESMA guidelines for fund names
Following the introduction of directives by the European Securities and Markets Authority (ESMA) for the use of sustainability-related name components (ESMA guidelines), the Deka Group restructured its range of funds with sustainability features in 2025. The top priority was to ensure the continuation of the basic investment policy of the affected products and at the same time not to change the target customer market for the individual products. The focus was on not endangering the potential investment universe, as well as the respective profit-risk profiles of the products. The respective ESG strategies of the central Deka fund and asset managements continue to be pursued within this framework and individual criteria have been specified further in addition.
The starting point for restructuring the products is the ESMA instruction that when using certain name components for funds, e.g. “ESG”, “sustainability”, “impact”, “sustainable” or “climate change”, certain ESG criteria such as exclusion criteria must mandatorily be applied, depending on the term used. While the Sustainable Finance Disclosure Regulation (SFDR) defines transparency obligations for the providers, ESMA intervenes in the product specifications depending on the fund name. The ESMA directives have applied since 21 November 2024 to all funds newly set up after this date and since 21 May 2025 also to already established funds.
In consideration of these requirements, the ESG palette of funds at Deka is divided into the following product groups/name clusters:
1. Funds with an investment strategy targeted towards achieving a systematic effective rate in line with the Sustainable Finance Disclosure Regulation (SFDR):
a. Funds with the name component “impact” that primarily pursue an explicit impact strategy. These funds systematically provide sustainable investments in line with SFDR and have a clear focus on the UN sustainability goals.
2. Funds that endeavour to reduce predominantly adverse impacts:
a. Funds including the Deka ETFs with the name component “ESG” (Deka-ESG fund family) that pursue clear minimum standards (including compliance with minimum protection). This minimum protection refers to exclusion criteria of the Delegated Regulation (EU) 2020/1818 for EU Paris-aligned benchmarks (PAB). These PAB exclusion criteria comprise those in relation to fossil fuels, among others.
b. Funds with the name component “perspective” or funds with sustainability features but without an explicit ESG name component that continue to observe ESG criteria and sell products that take account of the Principal Adverse Impacts (PAI).
The fund family “Deka-ESG” also includes the themed funds Deka-ESG Gesundheit and Deka-UmweltInvest, which alongside a clear ESG strategy also focus on selected UN sustainability goals.
The Deka-ESG product palette therefore continues to offer investors a wide choice of equity, bond or mixed fund portfolios, as well as asset managements, with which they can invest in investment solutions that correspond to the special criteria of a sustainable financial investment. The product range was extended in 2025 with the product Deka-FutureFlex, a pension product with sustainability features. The money paid in is invested primarily in companies and countries who attach particular importance to climate protection, human rights and labour rights, as well as good governance. The topics of sustainability and pensions are closely linked, as both are based on long-term planning and responsibility.
Securities investments with a sustainable orientation are possible in the DekaBank Depot from as little as 25 euros. Apart from the funds in the Deka-ESG shares family, seven other funds are suitable for investing capital-forming benefits, including Deka-Impact Aktien (Deka-Impact Shares) and the umbrella fund Deka-BasisAnlage offensiv (Deka-Basis Investment offensive).
Further information
You can find further information on the addressed topics on the Deka Group’s website and/or in relevant documents.
Deka Group’s website:
You can find further information on the addressed topics on the Deka Group’s website and/or in relevant documents.
Deka Group’s website:
- Investment with a sustainability focus (available only in German)
- Sustainability at IQAM Invest (available only in German)
- Disclosures in accordance with SFDR / Disclosure regulation – overview of the deka Group companies (available only in German)
Documents:
Basic information in the Sustainability Report 2024
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
Deka Investment GmbH has already been issuing index funds with a climate and sustainability feature for ten years and has continuously extended its offers:
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
Deka Investment GmbH has already been issuing index funds with a climate and sustainability feature for ten years and has continuously extended its offers:
- As early as the end of 2015, Deka Investment GmbH established the index fund Deka Euro Prime ESG UCITS ETF (formerly Deka Oekom Euro Nachhaltigkeit UCITS ETF) for institutional investors, in collaboration with the ESG rating agency ISS ESG (formerly oekom research).
- In 2020, Deka Investment GmbH extended the product range in the field of ETFs by establishing the Deka Climate Change ETF product family. It covered the most important global shares markets with the regions Germany, Eurozone, Europe, USA and World. In 2021, Japan was added as part of the restructuring of Deka MSCI Japan MC UCITS ETF. The index concept of MSCI is targeted towards weighing the opportunities and risks for companies in relation to climate change. The requirements regarding the EU Climate Transition Benchmarks (EU CTBs) are complied with, which allows a significant reduction of the CO2 emission intensity of the portfolio compared to a marketwide index. In addition, a pension fund was launched in 2021 that extends the Climate Change ETFs in the corporate bonds segment. The Deka MSCI EUR Corporate Climate Change ESG UCITS ETF completes the product family by aiming for a widely diversified portfolio with a significant reduction of CO2 emissions.
- In July 2022, the first themed ETF with sustainability features was established under the name of Deka Future Energy ESG UCITS ETF. The presented index consists of companies who operate in the field of renewable energies and energy efficiency technologies.
- August 2023 saw the launch of Deka iBoxx MSCI ESG EUR Corporates Green Bond UCITS ETF, which exclusively contains Green Bonds according to the definition by the Climate Bonds Initiative (CBI), thereby pursuing a clear impact investing approach.
Over the course of the implementation of the ESMA guidelines for fund names adjustments were also carried out to the ESG strategies of all Deka ESG ETFs in order to fulfil the regulatory requirements. At the same time, the basic investment policy of the sustainability-orientated ETFs is being continued unchanged.
For all sustainability-orientated Deka ETFs, minimum protection measures are being applied in the form of binding exclusion criteria for the whole fund assets. This means that these criteria apply not only to invested securities, but also to the investment of bank deposits with credit institutions. This minimum protection refers to the exclusion criteria of the Delegated Regulation (EU) 2020/1818 for Paris-aligned benchmarks (PAB). These PAB exclusion criteria comprise those in relation to fossil fuels, among others.
For all sustainability-orientated Deka ETFs, minimum protection measures are being applied in the form of binding exclusion criteria for the whole fund assets. This means that these criteria apply not only to invested securities, but also to the investment of bank deposits with credit institutions. This minimum protection refers to the exclusion criteria of the Delegated Regulation (EU) 2020/1818 for Paris-aligned benchmarks (PAB). These PAB exclusion criteria comprise those in relation to fossil fuels, among others.
Further information
You can find further information on the addressed topics on the Deka Group’s website and/or in relevant documents.
Deka Group’s website:
You can find further information on the addressed topics on the Deka Group’s website and/or in relevant documents.
Deka Group’s website:
Basic information in the Sustainability Report 2024
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
Since 2019, DekaBank has been offering structured products and certificates with sustainability features for private customers. With regard to sustainability for certificates, two aspects must be taken into consideration in principle: on the one hand the issuer DekaBank, on the other – if available – the underlaying basic value, e.g. an index or an individual company.
It is necessary to consider the issuer, as certificates are bearer bonds of the issuer that serve the purpose of refinancing. As a rule, the liquidity received through the issuing of a certificate is used for the general credit granting of the issuer. In this type of fund usage, DekaBank takes account of the most important adverse impacts on sustainability factors and works actively towards reducing these. With regard to the sustainability of DekaBank as an issuer, ESG rating agencies accord it a high level within the sector.
Sustainability criteria are also very important on the second level, the determination of basic values. Certificates with a share as a basic value only fulfil the requirements of a “product with sustainability features” if the respective company is not affected by the exclusion criteria that DekaBank has defined in its “ESG product strategy certificates”. Apart from individual companies, ESG share indexes can also serve as a basic value for certificates with sustainability features. DekaBank uses Climate Change Indexes for this that it developed in previous years together with the index provider MSCI.
The range of sustainable certificates offered by DekaBank also comprises traditional fixed interest loans, alongside certificates with a sustainability-orientated company of the ESG Index as a basic value. Green Bonds are also used in this regard and can also be invested by private investors with lower investment sums.
DekaBank published an “Impact and Allocation Report” in 2024. It provides information e.g. about the funds application of the certificates issued under the Green Bond Framework and the resulting CO2 reduction. With the annually updated Impact and Allocation Report, DekaBank is meeting the requirement for appropriate reporting. The framework and the Second Party Opinion are published on the Deka website, along with the Impact and Allocation Report.
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
Since 2019, DekaBank has been offering structured products and certificates with sustainability features for private customers. With regard to sustainability for certificates, two aspects must be taken into consideration in principle: on the one hand the issuer DekaBank, on the other – if available – the underlaying basic value, e.g. an index or an individual company.
It is necessary to consider the issuer, as certificates are bearer bonds of the issuer that serve the purpose of refinancing. As a rule, the liquidity received through the issuing of a certificate is used for the general credit granting of the issuer. In this type of fund usage, DekaBank takes account of the most important adverse impacts on sustainability factors and works actively towards reducing these. With regard to the sustainability of DekaBank as an issuer, ESG rating agencies accord it a high level within the sector.
Sustainability criteria are also very important on the second level, the determination of basic values. Certificates with a share as a basic value only fulfil the requirements of a “product with sustainability features” if the respective company is not affected by the exclusion criteria that DekaBank has defined in its “ESG product strategy certificates”. Apart from individual companies, ESG share indexes can also serve as a basic value for certificates with sustainability features. DekaBank uses Climate Change Indexes for this that it developed in previous years together with the index provider MSCI.
The range of sustainable certificates offered by DekaBank also comprises traditional fixed interest loans, alongside certificates with a sustainability-orientated company of the ESG Index as a basic value. Green Bonds are also used in this regard and can also be invested by private investors with lower investment sums.
DekaBank published an “Impact and Allocation Report” in 2024. It provides information e.g. about the funds application of the certificates issued under the Green Bond Framework and the resulting CO2 reduction. With the annually updated Impact and Allocation Report, DekaBank is meeting the requirement for appropriate reporting. The framework and the Second Party Opinion are published on the Deka website, along with the Impact and Allocation Report.
Further information
You can find further information on the addressed topics on the Deka Group’s website and/or in relevant documents.
Deka Group’s website:
You can find further information on the addressed topics on the Deka Group’s website and/or in relevant documents.
Deka Group’s website:
Dokumente:
- ESG product strategy certificates (available only in German)
- Documents for Green Bond issues
- Impact and Allocation Report
Basic information in the Sustainability Report 2024
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
With the asset management strategy developed in recent years, DekaBank is meeting the increasing requirements of customers as well as of savings banks when it comes digitisation, multichannel capabilities, efficiency, regulatory security and sustainability concepts.
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
With the asset management strategy developed in recent years, DekaBank is meeting the increasing requirements of customers as well as of savings banks when it comes digitisation, multichannel capabilities, efficiency, regulatory security and sustainability concepts.
- Deka-Connect+ is a fund-linked asset management based in Germany, which alongside an active management also has a customised future topic management system. Customers have the possibility to include up to three future topics – technology innovations, global trends or health innovations – as a firm component of their financial investment. Alternatively, they can choose a convenient variant in which the management and weighting of the three topics is carried out exclusively by the professional asset management. In this case, investors can also select a sustainability-orientated investment with four different risk profiles, alongside the traditional option.
- Within the digital asset management Smart-Vermögen, one can select either a traditional or a sustainability-orientated financial investment. In the variant with sustainability aspects, one can invest in various items with a sustainability orientation in accordance with the personal preferences of customers. There is a choice of four worldwide diversified portfolios with varied degrees of risk.
- The product palette is rounded off with sustainability features in the area of asset management by the individual asset management Deka-Vermögensverwaltung Premium. This concept enables individual adaptations for investors according to their personal investment strategy. On request, ecological, social and ethical aspects can also be taken into consideration for a sustainability-orientated approach.
Alongside this, in its fund business Deka Vermögensverwaltung GmbH offers a wide range of investment strategies with a sustainable orientation. These include various sustainability-orientated fund concepts that are offered by individual savings banks, e.g. the Hamburger ESG Fonds – Best in Progress of Hamburger Sparkasse or the Rheinische Kirchenfonds of Sparkasse KölnBonn. Sustainability aspects also play an important role in the six investment variants of Deka-BasisAnlage. These are asset managing funds with differing risk profiles. It is possible here to invest with sustainable interests even with smaller investment sums.
Further information
You can find further information on the addressed topics on the Deka Group’s website and/or in the relevant documents.
Deka Group’s website:
You can find further information on the addressed topics on the Deka Group’s website and/or in the relevant documents.
Deka Group’s website:
- Deka-Connect+ (available only in German)
- Deka-Vermögensverwaltung Premium (available only in German)
Basic information in the Sustainability Report 2024
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
With bevestor and S Broker, the Deka Group offers its customers two solutions for digital, online-supported capital investment.
bevestor
The bevestor GmbH is a 100% subsidiary of DekaBank. It develops solutions that offer private investors a simple and transparent option for digital asset investment and management. Ecological, social and ethical aspects are taken into account in the investment option Select Nachhaltigkeit. Depending on the risk tendency of the investors, share quotas between 15 and 90 percent can be realised.
The service and quality of the robo-advisor bevestor is regularly confirmed in external analyses and assessments. In 2024, experts from the Institute for Asset Accumulation (Institut für Vermögensaufbau, IVA) investigated once again on behalf of the business magazine Capital how good the digital asset managers are. Bevestor was awarded the maximum 5 stars for the fifth year in a row as one of the “best robo-advisors”. In total, 15 robo-advisors were assessed in the categories of ESG product quality, product transparency and ESG in the company. Already for the ninth time, brokervergleich.de awarded one of the most renowned sector prizes for robo-advisors in Germany. Among 34 digital asset managers, bevestor achieved the third place.
S Broker
S Broker AG & Co. KG is the central online broker of the Savings Banks Finance Group and offers its customers – private investors as well as savings banks – the possibility of operating an online depot and of trading securities. In order to facilitate customers’ search for sustainable investment products, S Broker has set up its own landing page with a comprehensive choice of available sustainability products in the field of funds and ETF, as well as selected sustainable underwriting products. The sustainable investment products and many others offered on the landing page can be acquired at S Broker in on-exchange or off-exchange trading. For some products it is also possible to set up a savings plan.
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
With bevestor and S Broker, the Deka Group offers its customers two solutions for digital, online-supported capital investment.
bevestor
The bevestor GmbH is a 100% subsidiary of DekaBank. It develops solutions that offer private investors a simple and transparent option for digital asset investment and management. Ecological, social and ethical aspects are taken into account in the investment option Select Nachhaltigkeit. Depending on the risk tendency of the investors, share quotas between 15 and 90 percent can be realised.
The service and quality of the robo-advisor bevestor is regularly confirmed in external analyses and assessments. In 2024, experts from the Institute for Asset Accumulation (Institut für Vermögensaufbau, IVA) investigated once again on behalf of the business magazine Capital how good the digital asset managers are. Bevestor was awarded the maximum 5 stars for the fifth year in a row as one of the “best robo-advisors”. In total, 15 robo-advisors were assessed in the categories of ESG product quality, product transparency and ESG in the company. Already for the ninth time, brokervergleich.de awarded one of the most renowned sector prizes for robo-advisors in Germany. Among 34 digital asset managers, bevestor achieved the third place.
S Broker
S Broker AG & Co. KG is the central online broker of the Savings Banks Finance Group and offers its customers – private investors as well as savings banks – the possibility of operating an online depot and of trading securities. In order to facilitate customers’ search for sustainable investment products, S Broker has set up its own landing page with a comprehensive choice of available sustainability products in the field of funds and ETF, as well as selected sustainable underwriting products. The sustainable investment products and many others offered on the landing page can be acquired at S Broker in on-exchange or off-exchange trading. For some products it is also possible to set up a savings plan.
Further information
You can find further information on the addressed topics on the Deka Group’s website and/or in relevant documents.
Deka Group’s website:
You can find further information on the addressed topics on the Deka Group’s website and/or in relevant documents.
Deka Group’s website:
- bevestor (available only in German)
- Sustainability at bevestor (available only in German)
- S Broker (available only in German)
- Sustainability at S Broker (available only in German)
Basic information in the Sustainability Report 2024
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
In 2024, Deka Vermögensmanagement GmbH extended its involvement with investment companies with its “ESG target fund analysis” unit. This dialogue includes discussion about the ongoing improvement of the ESG figures of individual funds that Deka Vermögensmanagement GmbH uses within its asset management as target funds, as well as on a company level.
Gaining a deeper insight into the development and structure of the investment and risk processes of the investment companies is an important aspect of the involvement. The aim is to be able to assess and substantiate whether ESG strategies can be effectively realised in the products. Deka Vermögensmanagement GmbH uses an external analysis tool to identify and, if necessary, address reputational risks that can occur among investment companies.
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
In 2024, Deka Vermögensmanagement GmbH extended its involvement with investment companies with its “ESG target fund analysis” unit. This dialogue includes discussion about the ongoing improvement of the ESG figures of individual funds that Deka Vermögensmanagement GmbH uses within its asset management as target funds, as well as on a company level.
Gaining a deeper insight into the development and structure of the investment and risk processes of the investment companies is an important aspect of the involvement. The aim is to be able to assess and substantiate whether ESG strategies can be effectively realised in the products. Deka Vermögensmanagement GmbH uses an external analysis tool to identify and, if necessary, address reputational risks that can occur among investment companies.
Further information
No further information is currently available on this specific topic.
Deka Forum Sustainable Bonds
Basic information in the Sustainability Report 2024
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
Professional investors also continue to need information on sustainable bond investments, which is why DekaBank carries out the Deka Forum Sustainable Bonds (Deka Forum Nachhaltige Anleihen) every year. The focal topics include trends and developments on the market for Green, Social and Sustainability Bonds, as well as the EU Green Bond Standard. The presentation and podium discussions with prominent issuers of sustainable bonds, both from banks and from SSA issuers (Supranationals, Sub-Sovereigns and Agencies) from Germany and abroad, regularly highlight the wide spectrum of aspects that are relevant in connection with sustainable bonds. For example, they deal with the challenges, opportunities and potential of a variety of sustainable financing, especially in the area of “green buildings”, as well as in social categories such as “social housing”, “health” and “education”, furthermore with the role of sustainable bond formats and the influence of regulations, e.g. the EU taxonomy and the EU Green Bond Standard, on the development of sustainable bonds. A panel of investors has been a fixed component of the programme since 2023, which discusses the various concepts for sustainable investments. The high number of investors, issuers and other stakeholders participating in the virtual event and the many questions from the audience reflect the ongoing high interest in sustainable bonds.
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
Professional investors also continue to need information on sustainable bond investments, which is why DekaBank carries out the Deka Forum Sustainable Bonds (Deka Forum Nachhaltige Anleihen) every year. The focal topics include trends and developments on the market for Green, Social and Sustainability Bonds, as well as the EU Green Bond Standard. The presentation and podium discussions with prominent issuers of sustainable bonds, both from banks and from SSA issuers (Supranationals, Sub-Sovereigns and Agencies) from Germany and abroad, regularly highlight the wide spectrum of aspects that are relevant in connection with sustainable bonds. For example, they deal with the challenges, opportunities and potential of a variety of sustainable financing, especially in the area of “green buildings”, as well as in social categories such as “social housing”, “health” and “education”, furthermore with the role of sustainable bond formats and the influence of regulations, e.g. the EU taxonomy and the EU Green Bond Standard, on the development of sustainable bonds. A panel of investors has been a fixed component of the programme since 2023, which discusses the various concepts for sustainable investments. The high number of investors, issuers and other stakeholders participating in the virtual event and the many questions from the audience reflect the ongoing high interest in sustainable bonds.
Further information
No further information is currently available on this specific topic.
No further information is currently available on this specific topic.
Syndicate leadership for sustainable bonds
Basic information in the Sustainability Report 2024
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
In the year 2024, DekaBank supervised the placement of numerous sustainable bonds as lead manager and was able to develop its track record further. In 2024, DekaBank acted as lead manager for sustainable issues of German federal states, development banks and banks from Germany and abroad. On the part of the Supranationals, Sub-Sovereigns and Agencies (SSA), this comprised Green Bonds (e.g. NRW.Bank and the state of Baden-Württemberg), Social Bonds (e.g. Investitionsbank Berlin) and Sustainability Bonds of the state of North Rhine-Westphalia. The numerous covered bond mandates of German mortgage banks should also be pointed out. DekaBank supported the Münchener Hypothekenbank and DZ HYP for Green Covered Bonds, as well as Berlin Hyp for Green and Social Covered Bonds. Debut transactions were also part of it in 2024, for example the first green transaction of the Danish Spar Nord Bank A/S.
In 2025, with the support of DekaBank as lead manager, further sustainable domestic and foreign issues could be launched on the market. These also included the first social Senior Preferred Bond of a German bank and at the same time first Social Bond of a savings bank: Hamburger Sparkasse successfully issued its first Social Senior Preferred Bond. The issues enjoyed high demand overall, in particular but not exclusively by sustainability-orientated investors, and were characterised accordingly by high oversubscription.
There is no information on this specific topic in the Sustainability Report 2024.
Supplementary information
In the year 2024, DekaBank supervised the placement of numerous sustainable bonds as lead manager and was able to develop its track record further. In 2024, DekaBank acted as lead manager for sustainable issues of German federal states, development banks and banks from Germany and abroad. On the part of the Supranationals, Sub-Sovereigns and Agencies (SSA), this comprised Green Bonds (e.g. NRW.Bank and the state of Baden-Württemberg), Social Bonds (e.g. Investitionsbank Berlin) and Sustainability Bonds of the state of North Rhine-Westphalia. The numerous covered bond mandates of German mortgage banks should also be pointed out. DekaBank supported the Münchener Hypothekenbank and DZ HYP for Green Covered Bonds, as well as Berlin Hyp for Green and Social Covered Bonds. Debut transactions were also part of it in 2024, for example the first green transaction of the Danish Spar Nord Bank A/S.
In 2025, with the support of DekaBank as lead manager, further sustainable domestic and foreign issues could be launched on the market. These also included the first social Senior Preferred Bond of a German bank and at the same time first Social Bond of a savings bank: Hamburger Sparkasse successfully issued its first Social Senior Preferred Bond. The issues enjoyed high demand overall, in particular but not exclusively by sustainability-orientated investors, and were characterised accordingly by high oversubscription.
Further information
No further information is currently available on this specific topic.