Commitment to Action

CPC Green Initiative

Commitment by

Deutsche Bank AG

In 2009, Deutsche Bank AG and its partners committed to establishing the Neighborhood Energy Loan Program (NELP) a partnership between financial institutions and philanthropic foundations that will raise $150 - $200 million in capital to enable residential property energy efficiency retrofits to take place, in the short-term and at scale in New York City. In its now-completed pilot phase, the program is expected to retrofit 1,500 to 2,500 housing units, primarily in the low- to moderate-income sector. At scale, the program is expected to achieve $1 billion in financing over the next decade.

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Overview
Summary

Commitment

CPC Green Initiative

Launched

2009

Est. Duration

2 Years

Estimated Total Value

$150,000,000

Region

Northern America

Countries

United States

Commitment by

Deutsche Bank AG

Partner(s) of the Commitment Maker(s)

HSBC Holdings, Pratt Institute, Amalgamated Bank, City of New York, Community Preservation Corporation, White & Case Llp