We integrate ESG-related topics into analytical and desision-making processes in investment banking. We apply benchmarks such as the Unites Principles for responsible Investment ( PRI). In our business with customers we offer sustainable investment products for all costumer groups and in all asset classes, We activly promote sustainable investments and projects in renewable energies and energy efficiency: For our retail customers we offer special loans to make their homes energy efficient. Currently LBBW offers Green Bonds, Green SSD, Social Bonds, a wide range of sustainable retail investment fonds/environmental funds e.g. LBBW Global Warming climate change fund. In 2019 we have extended this product offer. Also several specialized investment funds for institutional clients.
LBBW Green Bond:
With the further development of our Greenbond activities, we are making an active contribution to the market development of Sustainable Finance solutions. Our Green Bonds contribute to the achievement of the "Goals for Sustainable Development" of the United Nations.
For the selection energy-efficient buildings for our real estate portfolios, we have developed an approach to measure and compare the carbon intensity of commercial real estate for the launch of our first Green Bond with the support of an external real estate expert. The carbon benchmark methodology can also be used by other market participants and policy makers. ( Second opinion by ISS ESG )
In 2018, the volume of the LBBW Green Bond portfolio rose sharply. In 2019 several Green Bond issues were issued by LBBW .
LBBW Social Bond:
In 2019, we started a social Bond Programm and issued its Inaugural Social Bond in September 2019 and successfully placed its first social bond on the market. The LBBW use the proceeds of the issue to finance projects in the health and social services sector, such as hospitals, university clinics, doctors' practices, nursing homes, and homes for people with disabilities. The funds can also be used for kindergartens, schools, vocational training programmes and local infrastructure projects and services such as public transport or water supply. LBBW's total portfolio of social bonds amounts to over EUR 2.7 billion.
For further information see https://www.lbbw.de/articlepage/refinancing/socialbond_8r555w2hy_e.html?r=mdg2na
Social Bond Portfolio and framework: https://www.lbbw.de/konzern/disclaimer/disclaimer-social-bonds/20190918_lbbw_social_framework_and_portfolio_2019_english_93qfhkwgc_m.pdf
Since August 2019 LBBW is Founding Signatory of the PRB (Principles for Responsible Banking) and supports actively the 6 principles.
In the reporting year LBBW research analysts regulary published studies on sustainability issues that are of particular interest to our customers and other stakeholder.
In 2019, we held several client events with sustainability and sustainable investments topics.
In September 2019, we held a internal employee sustainability fair for over 250 employees on the subject of climate change. Many internal departments with a focus on sustainability were actively involved. Many sustainable project and product ideas have emerged from this event.
We have named an advisor for retail clients in every front office unit of BW-Bank as a multiplier for sustainable investments and provided the requisite further education and training.
We offer training for our sales staff and webinars and road shows for new sustainable products and services