Public HTML RI reports - PRI reporting framework 2020

Landesbank Baden-Württemberg (LBBW)

PRI reporting framework 2020

Asset class implementation gateway indicators [OO 10 - 12] Peering questions [OO LE 01 - HF 01]

Investment policy [SG 01 - 04] Objectives and strategies [SG 05 - 06] Governance and human resources [SG 07 - 08] Promoting responsible investment [SG 09 - 11] Outsourcing to fiduciary managers and investment consultants [SG 12] ESG issues in asset allocation [SG 13 - 15] Innovation [SG 18] Communication [SG 19]

Direct - Fixed Income

ESG incorporation in actively managed fixed income [FI 01 - 12] Implementation processes [FI 01 - 03] (A) Implementation: Screening [FI 04 - 06] Fixed income - Engagement [FI 14 - 16] Outputs and outcomes [FI 17 - 18]

Confidence building measures

Confidence building measures [CM1 01 - 07]

Export Public Responses

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Basic information

OO 01. Signatory category and services

01.1. Select the type that best describes your organisation or the services you provide.

Non-corporate pension or superannuation or retirement or provident fund or plan

Corporate pension or superannuation or retirement or provident fund or plan

Insurance company

Foundation

Endowment

Development finance institution

Reserve - sovereign or government controlled fund

Family office

Other, specify

          universal bank and commercial bank with a regional focus

01.3. Additional information. [Optional]

Landesbank Baden-Württemberg has total assets of around EUR 241,2 billion (as at 31 December 2018) and a staff of approx. 10,000 within the Group. Its head offices are located in Stuttgart, Karlsruhe, Mannheim and Mainz.

Its three customer-driven banks - BW-Bank, LBBW Rheinland-Pfalz Bank and LBBW Sachsen Bank - allow LBBW to offer the full array of business services across Germany, while also drawing on extensive regional roots. Within the state capital Stuttgart, BW-Bank fulfils the role of a municipal savings bank for LBBW.

LBBW's business model is based on five pillars and comprises the following areas of business: corporate customers, private customers, savings banks, real estate financing and capital markets. BW-Bank, LBBW Rheinland-Pfalz Bank and LBBW Sachsen Bank as dependent institutions with their own market presence form the three strong regional pillars in the Group's business with private and corporate customers.

LBBW also supports both their own corporate customers and those of the affiliated savings banks with their international activities. Branches and representative offices around the world provide support through their country expertise, market knowledge and finance solutions. In addition, LBBW operates German Centres in selected locations that provide local offices and networks to German corporate customers and advice them on their market entry.

Subsidiaries specializing in specific areas of business such as leasing, factoring, asset management, real estate or equity finance diversify and amplify LBBW's portfolio of services within the Group.

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Germany

02.2. Indicate the number of countries in which you have offices (including your headquarters).

2-5

6-10

>10

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

8514 FTE

02.4. Additional information. [Optional]

As at 31 December 2018, the number of employees at LBBW fell to 10,017 (previous year: 10,326), also due to the adjustments to its strategic alignment. The staff fluctuation rate based on the Confederation of German Employers' Association's (BDA) formula declined to 6.4% for LBBW (Bank) in 2018, up from 7.4% in the previous year. Adjusted for restructuring-related early retirement and severance agreements (3.0%), the LBBW (Bank) rate of 3.4% was slightly lower than the previous year's figure.

At 45.3 years, the average age of employees at LBBW (Bank) in the year under review increased slightly over the previous year (44.8 years). The average length of service also increased marginally to 19.4 years, a slight rise for the Bank (previous year: 18.9 years). The proportion of female employees, in contrast, remained nearly unchanged in 2018 at 52.2%. The proportion of part-time employment contracts, including reduced working hours due to partial retirement, in turn moved down at LBBW from 29.1% to 28.1%.

See https://www.lbbw.de/konzern/news-and-services/finanzberichte/geschaeftsberichte/2018/lbbw_annual_report_2018_89rj1pxna_m.pdf

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

Yes

03.2. List your subsidiaries that are separate PRI signatories and indicate if you would like to report their RI activities in your organisation’s consolidated report.

Name of PRI signatory subsidiary (Up to six subsidiaries may be reported)	RI implementation reported here on a consolidated basis
LBBW Asset Management mbH	Yes No
BW-Equity	Yes No
	Yes No
	Yes No
	Yes No
	Yes No

03.3. Additional information. [Optional]

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2019

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2

Total AUM
Total AUM	trillions	billions	millions	thousands	hundreds
Currency
Assets in USD
Assets in USD	trillions	billions	millions	thousands	hundreds

Not applicable as we are in the fund-raising process

04.3. Indicate the total AUM of subsidiaries you have excluded from your report (as named in OO 03.2 under “No”). Provide this figure based on the end of your reporting year

Total AUM
Total AUM	trillions	billions	millions	thousands	hundreds
Currency
Assets in USD
Assets in USD	trillions	billions	millions	thousands	hundreds

04.5. Additional information. [Optional]

OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

as percentage breakdown

	Internally managed (%)	Externally managed (%)
Listed equity	0 0	0 0
Fixed income	>50% 96	0 0
Private equity	0 0	0 0
Property	0 0	0 0
Infrastructure	0 0	0 0
Commodities	0 0	0 0
Hedge funds	0 0	0 0
Fund of hedge funds	0 0	0 0
Forestry	0 0	0 0
Farmland	0 0	0 0
Inclusive finance	0 0	0 0
Cash	0 0	0 0
Money market instruments	<10% 4	0 0
Other (1), specify	0 0	0 0
Other (2), specify	0 0	0 0

as broad ranges

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

Yes

06.5. Indicate whether your organisation uses fiduciary managers.

Yes, we use a fiduciary manager and our response to OO 5.1 is reflective of their management of our assets.

No, we do not use fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]

OO 07. Fixed income AUM breakdown (Private)

OO 08. Segregated mandates or pooled funds (Not Applicable)

OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

100 Developed Markets

0 Emerging Markets

0 Frontier Markets

0 Other Markets

Total 100% 100%

09.2. Additional information. [Optional]

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