Paris: a landmark agreement
Maximum 2° Celsius, better still, just 1.5° Celsius – that was the limit for the increase in the average global temperature agreed by parties to the UNFCCC at the UN Climate Conference in Paris in December 2015. To achieve this ambitious target, the German government approved the German Climate Action Plan 2050 and the Free State of Bavaria approved the Bavarian Climate Action Plan 2050. As a public-sector bank, BayernLB supports these targets at all levels – not least with the reduction of its own greenhouse gas emissions.
BayernLB 3-pronged climate protection concept: reduce, replace, recompense
BayernLB is pursuing a three-pronged approach to climate protection:
- Reduce resource consumption
The first and most important step is to reduce our consumption of resources. The ways in which we do this include using energy-efficient equipment, upgrading the energy performance of our buildings and informing our employees and raising their awareness.
- Replace CO2-intensive energy sources
As far as possible, BayernLB replaces conventional energy sources used in generating power with forms of renewable energy. Thus, the EMAS-certified premises obtain 100% of their power from hydropower and the head office of BayernLB in Munich’s Brienner Straße has also been generating power by its own photovoltaic systems since 1998.
- Compensate for unavoidable CO2 emissions
BayernLB compensates for the remaining and currently unavoidable CO2 emissions – around 6,000 tonnes per year – by buying and depreciating high-value emissions certificates.
By adopting this 3-pronged approach, work at BayernLB has been climate-neutral at its Munich premises since 2008 and at all other premises in Germany since 2015.
Compensation supports climate protection
By purchasing CO2 certificates, BayernLB is supporting climate protection projects in countries that are particularly affected by climate change. In recent years, this support has included projects to provide rural homes in Rwanda with efficient ovens that use 80 percent less wood and to construct biogas plants in Nepal for the conversion of manure into gas, which could then be used, for example, as fuel for gas cookers.