Deutsche Bank signs master agreement with UN Green Climate Fund

Deutsche Bank press release ------ Established by the United Nations, the Green Climate Fund works with a range of governments, development banks, NGOs and private investors to bring to life projects and programmes with a climate change focus. As part of the Accreditation Master Agreement, Deutsche Asset Management will have the right to receive and use Green Climate Fund capital for specifically approved climate change initiatives in developing countries. It will also be able to raise further funds from private sector investors. Significantly, Deutsche Bank is only the second commercial bank to sign an AMA with the GCF. Nicolas Moreau, Head of Deutsche AM and Member of the Management Board, signed the agreement in London today with Howard Bamsey, Executive Director of the GCF’s Secretariat. To learn more click on the picture below to read the release.