In 2019 the ESG exclusion criterias were revised and are now applied to a significantly greater number of portfolios. Our exclusion criterias are valid to all new investments and contains human rights controversies, labour rights controversies, controversal environmental practices and we don not invest in coal producer >= 5%. Moreover, we do not invest in bonds issued by authoritarian regimes. The review is conducted by the sustainability rating agency ISS ESG. As of 31 December 2019, EUR 30,5 billion were invested in fixed income and money market products. Furthermore, we have prepared a climate impact report for our own investment portfolio (Depot A) by ISS Climate.
LBBW implemented Principles and Guidelines for Implementing LBBW’s Sustainability Policy and Goals. These Principles and Guidelines as well as the Sustainability Policy and Goals form the basis for sustainability management at LBBW on a whole.
The LBBW together with other companies are promoting the implementation of Agenda 2030, the global sustainability agenda, and the achievement of the goals of the Paris Convention - thus contributing to development and climate protection at the same time. We want globally sustainable development and are actively facing up to the climate protection challenges that lie ahead. In August 2019 we signed the principles for responsible banking (UN PRB) and support the 6 Principles. We are aligning our business even more strongly to this.