Deutsche Bank drops formal ESG rating threshold for suppliers
DB•Deutsche Bank ended its formal requirement for suppliers to meet an ESG rating threshold but will continue using strong ratings in procurement and supplier engagement.
1. Supplier policy change
Deutsche Bank ended its formal requirement that suppliers meet an ESG rating threshold. The bank will continue to consider strong ESG ratings in procurement decisions and supplier engagement, and work with vendors on sustainability requirements, focusing on strong strategy implementation. The shift follows differing market practices across regions and sectors, with regulatory frameworks driving varied supplier-selection criteria.
