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LBBWGermany
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This profile is actively maintained
Last update: 2024-04-19 10:38:22
LBBW's head office in Stuttgart. Photo: Andreas Praefcke via Wikimedia Commons (CC BY SA 3.0)
Active
This profile is actively maintained
Last update: 2024-04-19 10:38:22
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About
| Website | https://www.lbbw.de/ |
| Headquarters |
Am Hauptbahnhof 2
70173 Stuttgart
Germany
|
| CEO/chair |
Rainer Neske Chairman of the Board of Managing Directors |
| Supervisor | |
| Ownership |
listed on Frankfurt Stock Exchange
LBBW is a legally independent institution under public law. The following institutions have a share in the nominal capital of LBBW: |
Landesbank Baden-Württemberg (LBBW) is a parent company of three commercial banks and the Landesbank for some Federal States of Germany. It was fouded in 1999. LBBW is a full-service and commercial bank and central bank for savings banks in Baden-Württemberg, Rhineland-Palatinate and Saxony. The bank focuses on industrial technologies, information technology, software, telecommunication, innovative services and life science. It prefers to invest in Southern Germany, but also considers investments within Germany, Austria and Switzerland.
Sustainability
Commitments
Policies
Voluntary standards
LBBW's most important sustainability commitments can be found at the website sections listed below.
Links
LBBW has committed itself to the following voluntary standards:
Dodgy Deals
LBBW is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of LBBW's link to these deals.
Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
Resources
Documents
Accountability
Grievances
LBBW operates a Complaints mechanism which can be used to "report information relating to human rights and environment risks and breaches of duty". It can be accessed here.
This page evaluates LBBW's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".
Impacts reviewed
Responded?
Total score
Response
Action
Monitoring
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Banks and Climate
Banks and Climate
Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of LBBW’s fossil fuel policy below.
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