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We are convinced that every company can and should make its own individual contribution towards protecting the environment through the economic use of raw materials and by reducing CO2 emissions. When it comes to direct environmental and climate impact, it could be said that the carbon footprint left by banks is relatively small compared with manufacturing companies. However, for BayernLB, sustainably designing its own operations forms the basis for its overall sustainable commitment.
Today, more than two thirds of all Group employees work at locations that have a certified environmental management system. At BayernLB Bank, the proportion is even higher, at over 90 percent. The main areas for action in environmental management are waste, energy consumption, business travel, paper consumption, greenhouse gas emissions and water consumption.
BayernLB established an operational environment management system in the 1990s, which, since 1999, has been validated in accordance with the stringent European EMAS regulation. Since 2011, the environmental management system has also been certified in accordance with the international standard ISO 14001.
BayernLB provides an annual report of the progress made on environmental management in our environmental statement (integrated in our Sustainability Report according to GRI).
We know: The commitment and motivation of BayernLB’s employees is crucial to how environmentally friendly BayernLB ultimately will be. We therefore promote environmental awareness among our employees and involve them actively in the environmental measures.
Rail travel is prioritised
Since business travel makes the largest contribution to BayernLB's environmental footprint, reducing travel-related emissions is particularly important. Before they travel, employees are obliged to check the carbon emissions generated by their journey and to consider possible alternatives. This especially applies to travel that is not client-related. In principle, they should take the train for any destination that can be reached by train in less than 3.5 hours.
Video and telephone conferences instead of travel
The positive experience with flexible working models is having a decisive influence on the sustainable workplace. By implementing desk-sharing, we are boosting the rate of working from home and reducing the time and energy required for the commute. BayernLB also offers modern infrastructure for video and telephone conferences.
Sustainable travel to the office
To enable employees to make an eco-friendly journey to work, BayernLB offers its staff discounted job tickets for travel on public transport. A bike station has also been established at the Munich site, with parking spaces for 220 bicycles. The underground car park at BayernLB has charging stations for electric cars, which are available free of charge.
BayernLB as signatory of the UNEP Finance Initiative (environmental protection and banks)
Membership in the Association for Environmental Management in Banks, Savings Banks, and Insurance Companies (“VfU”)
Participation in Environmental Pact of Bavaria
EMAS validation and first environmental declaration
First sustainability rating: BayernLB becomes a sector leader
Commitment to comply with World Bank standards
BayernLB publishes first sustainability report
As one of the first banks to do so, BayernLB works climate-neutralised at its head office in Munich by purchasing carbon offset certificates
BayernInvest as signatory of the UN Principles for Responsible Investment (PRI)
“Financing tomorrow’s energy” Group initiative
BayernLB works climate-neutralised at all its sites in Germany due to purchasing carbon offset certificates
DKB green bond – first German private commercial bank to issue a green bond
LABO social bond – first social bond by a development bank
Partnership with Climate Bonds Initiative: promoting the development of the green bond market
DKB's #geldverbesserer initiative (“Your money can do more”)
BayernLB has a clear strategic focus on sustainability
Joining the Partnership for Carbon Accounting Financials
Signature of UN Global Compact and Principles for Responsible Banking
Publication of new Sustainability Strategy and Guiding Principles for Transformation
BayernLB one of the first banks in Germany to publish Sustainable Lending Framework