Deutsche Bank AG will link its top executives’ pay to whether the lender reaches sustainability goals, Frankfurter Allgemeine Zeitung reported, citing an internal memo by Chief Executive Officer Christian Sewing.
The new policy, which starts next year, will measure the volume of sustainable financing and investment that complies with environmental, social and governance criteria and how the bank is ranked by rating agencies on sustainability. The lender also wants to convert all its buildings globally to renewable energy by 2025, the newspaper said.
The bank has set a target for 2025 of reaching $242.8 billion in annual sustainable investment, starting with more than $24 billion this year. It also set up a sustainability committee headed by Sewing, according to the newspaper.
While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
New joint research by T. Rowe Price, MIT, and Stanford University finds more diverse asset allocations among older participants.
With its asset pipeline bursting past $13 billion, Farther is looking to build more momentum with three new managing directors.
A Department of Labor proposal to scrap a regulatory provision under ERISA could create uncertainty for fiduciaries, the trade association argues.
"We continue to feel confident about our ability to capture 90%," LPL CEO Rich Steinmeier told analysts during the firm's 2nd quarter earnings call.
Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.
Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
