This section provides analysts and rating agencies with an overview of all Helaba's ESG-related data.
Acting with sustainability in mind lies at the very heart of our strategy and we have systematically aligned our business activities towards this approach. Our actions are based on fundamental values that ensure sustainable and long-term success. As we look ahead to the future, we are guided by our strategies and programmes in pursuing our goal of making a positive impact on the world around us.
As a company, we believe it is our fiduciary duty to take responsibility for protecting the environment, society and the lives of this and future generations. With our Guiding Principles and Processes, we ensure that sustainable practices are firmly embedded throughout our organisation and that they are part and parcel of our day-to-day activities.
As we support our customers in their pursuit of sustainability, we are constantly striving to set an example ourselves. Beyond our core financial activities, we are also involved in many aspects of public life and sponsor ground-breaking cultural, educational, environmental, sporting and social projects.
At the end of 2021, we launched the pilot stage of our corporate volunteering programme. This enables our staff to get involved in community initiatives and help people in need during their regular working time. Following the successful completion of the pilot stage, our goal is to roll out the programme across the entire organisation.
We strive to incorporate principles of sustainability and responsibility into all our decision-making processes. With this in mind, we act as a strong and reliable partner in achieving the greatest possible benefit for our customers, providing long-term employment and creating added value for society as a whole. Our indicators express the success of our sustainable approach in concrete numerical terms.
Sustainability is an integral component of the Helaba Group's overall business strategy. Our ESG publications document how we meet our local and global, as well as our environmental and economic, responsibilities.
Support for goals of the Paris Agreement is integrated into Helaba's ESG targets. Our Sustainable Lending Framework also takes the UN Sustainable Development Goals (SDGs) into account. As a member of leading ESG initiatives and together with other equally committed companies and banks, we seek to make a significant contribution to achieving these goals.
In 2022 Helaba has become an official signatory to the UN Principles for Responsible Banking (PRB), a uniform framework for sustainable banking that was developed in a partnership between global banks and the United Nations Environment Programme Finance Initiative (UNEP FI).
In 2021, Helaba joined the ESG Circle of Real Estate, or ECORE, with a view to playing an active role in designing, expanding and implementing an industry-wide ESG scoring model for real estate finance.
Since 2020, Helaba has been actively involved as a member of ICMA as a green bond underwriter in the syndication and marketing of green bonds from a wide range of issuers and in various formats. Previously, we had helped to promote the adoption of the Green Bond Principles.
Helaba became a signatory to the Energy Efficient Mortgage Action Plan (EeMAP) as a pilot bank in 2020. The aim of this initiative is to develop and promote mechanisms in financing real estate that provide incentives to acquire energy-efficient properties or to increase their energy efficiency.
Along with 172 German savings banks and eight S-Group companies, we joined the voluntary commitment of the German Savings Banks Association (DSGV) in 2019. Among other things, this commitment includes a pledge to tackle climate change with the aim of ensuring our business operations are carbon neutral by 2035 at the latest.
Helaba Invest and Frankfurter Bankgesellschaft signed the UN Principles for Responsible Investment (UN PRI) in 2018 and 2020, respectively. In doing so, we have committed ourselves to the six principles of the UN PRI and will undertake to align our investments towards sustainability, to encourage other market participants to invest sustainably and to report on our sustainable activities.
In conjunction with WIBank, we actively support the GreenTech Hub and TechQuartier in assisting start-ups in their sustainability efforts and promoting innovative business models.
We have been a signatory of the German Diversity Charter since 2011. We take part in the German Diversity Day and publicly highlight our commitment to diversity management. Helaba strives to foster the potential and skills of all its employees irrespective of age, gender, gender identity, disabilities, sexual orientation, ethnic origin, nationality, faith, creed or social background.
Helaba Invest is a signatory to CDP (previously known as the Carbon Disclosure Project). CDP was established in the year 2000 as a London-based not-for-profit organisation and is one of the largest global investor initiatives. CDP has set itself the goal of encouraging companies and public authorities to publish their environmental data and, as a result, has successfully managed to compile one the world's most extensive databases of corporate climate-related information.
Helaba Invest has participated in the "Responsible Investing" and "Sustainability in Real Estate Funds" working groups organised by the German Investment Funds Association (BVI) since 2021 and is actively involved in a dialogue within the fund industry. Together with other capital management companies, we foster the ongoing development of issues related to sustainability.
Since 2018, we have been supporting the Green & Sustainable Finance Cluster Germany in collaboration with WIBank, a founding member. The aim of this initiative is to bundle sustainability expertise in the German financial market and boost the long-term viability of Germany as a financial centre.
Since 2011, Helaba has been a member of VfU (the Association for Environmental Management and Sustainability in Financial Institutions), the leading industry network for sustainable finance in the German-speaking region.
We provide sustainable products and solutions that address environmental, social and governance issues throughout the Helaba Group and in all areas of our business activities. Our sustainability programme, HelabaSustained, has been rolled out across the Helaba Group with all its affiliated companies. In this section, you can find ESG information and documentation for all of our subsidiaries.
WIBank is the development bank of the State of Hesse. It functions as a one-stop-shop for all matters pertaining to the promotion of infrastructure, the economy, social welfare and housing and provides support in the form of various funding programmes from the state, the federal government and the EU. It is an economically and organisationally independent, legally dependent institution within Helaba.
As a legally dependent entity within Helaba that prepares its own accounts, Landesbausparkasse (LBS) Hessen-Thüringen takes advantage of the savings bank network to market its products. It is a market leader in the home loan and savings business in the German states of Hesse and Thuringia.
Helaba's subsidiary Frankfurter Sparkasse is the regional market leader in retail banking with a foothold in direct banking via 1822direkt.
Helaba's core business field of asset management provides institutional investors with a wide range of professional asset management services.
Frankfurter Bankgesellschaft is the private bank of the Sparkassen-Finanzgruppe. With its advisory services, it supports high-net-worth individuals and family business owners to invest their assets.
The companies of the GWH Group are active in the fields of real estate management as well as property sales, property development and real estate services.
OFB offers commercial real estate services from its offices in Frankfurt am Main, Erfurt, Berlin, Kassel, Munich, Dusseldorf and Leipzig. Its portfolio includes the planning, construction and marketing of real estate.