Labor rights
Close cooperation with staff representatives
The relevant national laws govern Deutsche Bank’s structuring of employees’ rights. Moreover, we strictly follow the UN Global Compact principles as well as the International Labor Organization’s (ILO) standards.
We respect the right of freedom of association and collective bargaining. We maintain a close and trusting collaboration with labor representatives on the regional level, business, and Group level as well as on the European level and with unions.
Half of the members on Deutsche Bank AG’s Supervisory Board are employee representatives, following the legal requirement of workers’ participation in management. We created a personnel handbook for all of our locations across the globe. Country-specific internal principles, standard processes, and requirements concerning working conditions and employee conduct are formulated in this document.
60 percent of our employees in Germany and 50 percent of our employees world-wide are employed with wage agreements or similar arrangements.
Suppliers are held responsible, too
We advocate the observation of human rights outside of our company. For example, our globally enforced purchasing guidelines stipulate that our suppliers must recognize our “Vendor’s Code of Conduct” principles. Along with strict compliance to whatever nationally enforced legislation is in place, the code of conduct includes the recognition of equal opportunities and the right to collective bargaining and adequate minimum wage and benefits. If any of our business partners fundamentally violate one of these principles, we end the business relationship with them. more