In all relevant financing we have observed the World Bank's environmental and social standards since 2004. In addition, in large project financing we increasingly act through syndicates where the members have signed the Equator Principles. This is a voluntary code based on the World Bank standards.
Sector and topic-specific standards
For sectors and topics with particular environmental sensitivity we have developed guidelines that go beyond the World Bank standards. We monitor these constantly, refining them if necessary. This was the case with the coal policy in autumn 2015. Since then we do not finance the extraction of lignite or the new construction of power plants running on lignite.
- Gambling: We developed a policy for financing in this area in early 2016. We do not involve us with the gambling industry in principle. Exceptions apply, if gambling is offered by a state or charitable body or organisation.
- Defence: A careful check is made on each individual case when financing companies and projects. We have set out the process and criteria in a separate policy. Our sustainability management team must be included in the evaluation of the individual transactions.
- Atomic energy and fossil fuels: The rules cover both exclusions and financing under strict conditions.
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