Deutsche Bank publishes ‘Guide to New Silk Road’
In response to client’s demands, Deutsche Bank has published a ‘guide to the New Silk Road’. In this report, it sets out how to be part of this corridor in a sustainable manner.
The report is titled China’s Belt and Road Initiative: A guide to market participation and was released on 11 December. It is a response to client demand for a comprehensive source of information about the constantly evolving landscape of the Belt and Road initiative (BRI).
The guide aims to provide an overview of the BRI and its expansion to date. It outlines its key drivers and objectives, and uses case studies of Deutsche Bank financing to demonstrate the variety of BRI projects taking place across the world, as explains Dirk Lubig, Head of Global Transaction Banking China, Deutsche Bank.
As such, it wants to “underline the importance of third-party country market participation to extend the reach of the project, and the real-life impacts that these projects can have on local and regional communities globally”.
Green Investment Principles
In april this year, 27 banks signed up to what is being referred to as the Green Investment Principles (GIP) to promote green investment along the BRI. The GIP incorporates sustainable development and low-carbon practices to BRI-related projects by aligning with the UN SDGs and the Paris Agreement. Deutsche Bank also signed this agreement and is one of the most active foreign banks participating in the BRI.
At the same time, this has exposed Deutsche Bank’s multinational clients (including those based in China and particularly those in commodities, infrastructure and machinery industries) to BRI-related transactions. This resulted in increased demand for BRI-related risk management, financial and banking solutions, Lubig explains.