Our guidelines for financing transactions
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. In future, project financing will be conducted on the basis of the Equator principles.
Sector and issue-specific standards
For sectors and issues 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 mining of lignite or the construction of lignite power plants.
- Atomic and fossil energy: The rules cover both exclusions and loans under strict stipulations.
- Gambling: We developed guidelines for lending in this area in early 2016. As a matter of principle, we do not do business in the gambling industry. There are exceptions, e.g. where gambling is offered by state or charitable institutions/organisations.
- Arms: A careful check is made on each individual case when financing companies and projects. We have set out the process and criteria in separate guidelines. Our sustainability management team must be involved in reviewing the individual transactions.
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