PRESS RELEASES 2008
DZ BANK publishes first Sustainability Report: responsibility born out of tradition
“Taking responsibility together“ is the title of DZ BANK’s first Sustainability Report. In its anniversary year, DZ BANK reports in detail on its corporate responsibility activities for the first time. The guiding concept “Achieving more together” also stands for the understanding of sustainability at DZ BANK.
As a cooperative bank, DZ BANK feels itself bound by a long tradition of taking responsibility in its actions. According to DZ BANK’s Chief Executive Officer Wolfgang Kirsch, “even the cooperative principle is based on the idea that economic and societal problems are to be solved together. Today, sustainable, successful business development means that companies do not just measure themselves against economic targets, but also against social and ecological targets. This includes providing wide-ranging support to our employees and protecting the environment in the best possible manner. In addition, as part of society we are committed to education, culture and social affairs.“
DZ BANK views sustainability as a process and has set itself ambitious aims in its first Sustainability Report.
DZ BANK will continue to work on its sustainability performance in future and, in a next step in 2009, will update on its progress and on developments in a status report.
Conforming with globally applicable standards
This year, DZ BANK joined the UN Global Compact – a pact entered into voluntarily between companies, organisations and the UN – and has pledged to support human rights, fair working conditions, the protection of the environment and the fight against corruption. Furthermore, in drawing up its Sustainability Report, DZ BANK consciously oriented itself on Global Reporting Initiative (GRI) guidelines, while providing transparent information on its activities with respect to the economy, employees, society and ecology.
Social, ecological and ethical criteria play an ever more important role in the selection of investment products and in the granting of loans. In addition to the more pronounced social and ecological awareness of many investors, it is now acknowledged that sustainable investment does not in any way lead to weaker performance. An example of the successful integration of the sustainability concept into the core business is the development of a whole series of sustainable investments. For example, with its AKZENT INVEST umbrella brand, DZ BANK has introduced certificates that take ethical and sustainable criteria expressly into account. 30 million customers of the local cooperative banks thus have the opportunity to combine attractive yields with ethical and ecological targets.
DZ BANK is one of 88 companies to have received the TOP Employer seal of approval from the Corporate Research Foundation (CRF) in 2008. DZ BANK is thus one of the most attractive employers in Germany. In 2007, DZ BANK was awarded the “berufundfamilie” certificate by the non-profit-making Hertie Foundation for its family-friendly personnel policy.
Since the start of the 90s, DZ BANK has been committed to art. Its collection meanwhile comprises 6,000 photographs from more than 550 artists. With the transfer of 200 of the most important photographs to Frankfurt’s Städel Museum, DZ BANK recently broke new ground in the cooperation between the economy and culture.
The protection of the environment is also of high priority for DZ BANK. An example of the successful conservation of energy is the modernisation of City-Haus I. More than EUR 30m alone were invested in 2008 for the renovation of the entire facade. Owing to this new facade, energy consumption was reduced by more than 30 per cent and CO2 emissions by up to 48 per cent. With the introduction of an environment management system at DZ BANK, it will be possible to implement environment targets more efficiently and decisively in future.
You can find the Sustainability Report and further information under www.nachhaltigkeit.dzbank.de.
Ilja-Kristin Seewald, Head of Department, Press, Internal Communication and Public Affairs
Tel.: 069-7447-42894, Fax: +49 69 7447-90309