3D Americas Fall/Winter 2014
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Deutsche Bank Corporate Citizenship update Americas Fall/Winter 2014 Inside Social Investments Women lead the way in microfi nance Diversity Twenty years of Women on Wall Street® Briefi ng Inspiring the next generation of women leaders Passionate about… Creating opportunity Social Investments | Education3D | Art & Music | Employee Engagement Social Investments Leading the way Wangechi Mutu, one of the artists featured in the exhibition Herland at Deutsche Bank’s 60 Wall Gallery (see page 8) Photograph: Chris Sanders ©Wangechi Mutu Next level From the arts to social change, women are offering new perspectives and leading the way in creating a more inclusive and vibrant society Over the past 20 years, women have achieved Though governments have made signifi cant Promoting female leadership is central to is the cornerstone of microfi nance, which dramatic improvements in economic, positive commitments to women’s rights, the bank’s diversity agenda. This year marks relies on women as more reliable borrowers political and social status. Through politics, opportunities and leadership, roadblocks to the twentieth anniversary of the infl uential who invest their earnings back into their civic engagement, economic advancement greater achievement and attainment remain Women on Wall Street® conference, which puts businesses, families and communities. and educational attainment, women in place. The Institute for Women’s Policy the advancement of women in the spotlight. Similarly, Deutsche Bank has been are participating more and exerting Research estimates that it could take until Through its social investments, Deutsche committed to the nonprofi t sector and greater infl uence. 2056 to reach pay parity in the US, which is provides fi nancing to institutions and projects its leaders. Over several decades, Women run countries. Angela Merkel when women starting their careers today that improve the lives of women in the US women have increasingly shown their has been Chancellor of Germany since 2005, will be ready for retirement. Globally, 24% and worldwide. It advances educational capacity and willingness to drive change and Argentina, Brazil and Chile all have of senior management positions are fi lled opportunities for girls, and is a champion as leaders in aff ordable housing, education, female presidents. Christine Lagarde was the by women. Fewer than 5% of CEOs in the of women’s voices in the arts. the environment and other areas that aff ect fi rst female fi nance minister of a major global US are female (Catalyst, 2014). “The corporate sector can, and must, the lives of the underserved. In the US, economy and now holds one of the most be an agent of change for women in the women comprise 75% of the nonprofi t important positions in global fi nance as Agents of change workforce globally. We are proud that we workforce, fi ll nearly half the nonprofi t the head of the IMF. Janet Yellen is the fi rst Women are taking it upon themselves are able to fi ll societal voids and support a leadership roles and comprise 65% of female chair of the US Federal Reserve. to disrupt the status quo. As they work to breadth of activities on behalf of women,” leadership in social entrepreneurship. These examples of female leadership are accelerate improvements to the conditions says Keri Matthews, Deputy Global Head The third sector has fully embraced women’s a sign of progress, yet the global picture tells women face, they are empowering both of Diversity & Inclusion at Deutsche Bank. talents and infl uence, and is fostering a more a less encouraging story. According to the themselves and their communities. The pioneering role Deutsche Bank has gender-equal world. However, economic, United Nations, women perform most of the Deutsche Bank has made clear its played in microfi nance is an example of its political and social equality will only be world’s work (66%). They produce half determination to be an agent for the involvement in community development achieved if government, public and private of the world’s food. But they earn 10% of empowerment of women, and to harness around the globe in support of women’s sectors together keep pushing it forward. the income and own just 1% of the property. women’s talent and leadership both empowerment and well-being. Making The barriers have to come down. Removing Markets still do not work for all women. within its walls and in service to society. markets work to the advantage of women them will benefi t everyone. Published by Discover more Get in touch Deutsche Bank AG For more information on our Ask questions, tell us what 60 Wall Street responsibility activities in the you think, fi nd out more: New York NY 10005 US and around the world, visit: [email protected] db.com/us db.com/usa/responsibility db.com/responsibility 78298L01.indd 1 9/30/14 10:57 PM 2 3D Deutsche Bank Americas Fall 2014 Opinion International Gary Hattem Doing the math STEM sell In the UK, a Deutsche Bank employee is on a mission to promote STEM careers to women Lighting a fire More than two decades ago, a group of women at Deutsche Bank began a conversation on the status of women in fi nancial services. That initial spark grew to be an industry-wide forum known as Women on Wall Street®. For 20 years now, themes of global consequence have been tackled by some of the world’s most prominent leaders, inspiring an entire generation of women. This issue of 3D refl ects on the transformative role women have played in advancing social, economic and environmental progress in the Americas and throughout the world. Deutsche Bank Americas Foundation has the privileged opportunity to work closely with these STEMettes founder, Deutsche Bank employee Anne-Marie Imafi don Photograph: John Wildgoose groundbreaking women in areas from microfi nance to housing to the arts. In education, the bank’s Globally, STEM (science, technology, commitment to encouraging success among engineering and math) skills are in demand Missing out girls comes through Born to Be, our global youth as economies become more knowledge- based. STEM disciplines are crucial to the Women make up just 13% of the engagement program that aims to unlock the innovation needed to fi nd solutions to the UK’s STEM workforce (WISE, 2012) potential of the next generation. challenges of our era, among them population growth, urbanization and pressure on natural resources. Women are the instigators, leaders, funders and STEM jobs pay higher wages. In the US, Georgetown University found that graduates brains behind much of the progress made by the with bachelor’s degrees in STEM subjects 13% nonprofi t sector we increasingly rely on to advance commanded higher salaries than those with advanced degrees in other subjects greatest ideas on ways to address large social innovative solutions to global challenges. In an era (Georgetown University Center for Education issues begin with one impassioned individual. when silos are being dismantled and collaboration and the Workforce, 2011). Noting that if girls can’t see women So you would think that STEM would be working in STEM jobs, they are less likely to becomes essential, women are at the fore of new at the top of the career choices for women. consider STEM as a career choice, Anne-Marie approaches to problem solving. Which makes it all the more puzzling that runs events that enable girls as young as women with STEM backgrounds are seven to meet STEM professionals. She says, choosing to work in other fi elds. “When they discover how creative they I came of age as a community activist under the Just 13% of the UK’s STEM workforce is can be, the girls are blown away by the female. And this is not a blip. As in the US, possibilities off ered by STEM careers.” tutelage of an incredible generation of women where less than 25% of STEM jobs are fi lled As Anne-Marie can attest, banking is who took full responsibility for not ceding their by women (US Department of Commerce, one of many possible destinations for STEM 2009), it’s a long-term trend and one that’s graduates. Deutsche Bank has teamed up communities to devastation and abandonment contributing to a skills gap that could aff ect with STEMettes to create a pathway into the during the urban crises of the 1970s. Instinctively, the growth of the economy. The UK needs industry for future female STEM graduates. more scientists, engineers and technologists, The Student to STEMette mentoring they rose up to protect their buildings, blocks and but nearly half of all employers say they have program demonstrates the bank’s neighborhoods, and grew to infl uence major diffi culty recruiting STEM-skilled staff . commitments to recruiting STEM talent, One woman who didn’t forgo STEM is improving gender diversity within the reforms in public policy. Anne-Marie Imafi don, who works in Group banking industry and the goal of its Born Technology & Operations for Deutsche Bank to Be education program, which helps young in London. “Technology fascinates me. people reach their full potential by developing In this issue, we profi le these early pioneers and From an early age, I’ve enjoyed solving skills, confi dence and aspirations. a new generation of women leaders whose work problems. It gave me a lot of joy when I Student to STEMette pairs women working realized this could be my job,” she says. in STEM roles at Deutsche Bank with high is improving the lives of women and communities; school students studying STEM subjects. inspiring a more just, diverse and dynamic society. Creating a pathway Their mentors help the girls explore the wide Anne-Marie is the founder of STEMettes, variety of STEM-related careers that banking an organization with a mission to promote can off er.