ReportAlert.info - WestLB AG publishes Sustainability Report 2010
The report includes relevant information & ratios on the current status of developments in sustainability management as well as related products and financial services
(3BLMedia/theCSRfeed) September 15, 2010 - WestLB today publishes its sustainability report entitled "Sustainability. Status 2010“. The report supplements the information already provided in the Annual Report 2009 published in May and includes relevant information and ratios on the current status of developments in sustainability management as well as related products and financial services. With this we fulfil our annual reporting requirements regarding the implementation of the Equator Principles (EP). The report is supplemented by a comprehensive GRI balance sheet and contains the annual progress report pursuant to the UN Global Compact.
WestLB highlights its “Policy for Business Activities related to Coal-Fired Power Generation”, that defines minimum standards for financings in this field. WestLB is a leading bank for the financing of energy projects. The global energy sector is particularly capital-intensive and is undergoing a major change. The processes and methods used to generate electricity and heat as well as the energy infrastructure will change fundamentally in the coming years. In view of this situation and of the political, economic, media and social debate about energy supply security and climate protection, WestLB has adopted this policy.
WestLB is a European commercial bank rooted in its home market of North Rhine-Westphalia. With Group total assets of EUR 251.2 billion as at June 30, 2010, it is one of Germany’s leading financial services providers. Its key strengths include the close business and strategic alliance with the savings banks and a distinctive expertise in the development of innovative capital market products and customised structured financings for German and international clients. The Group delivers specialised coverage in four segments (Verbund, Corporate, Specialised Finance and Institutional Clients) with three comprehensive, state-of-the-art product platforms (Corporate & Structured Finance, Capital Markets and Transaction Services). WestLB Group employs 4,780 staff (FTE).
The report can be downloaded in German and English from the internet: http://www.reportalert.info/ra/profiles/WestLB/2010/?ID=33297
Contact:
foster_deibert@westlb.de
dustin_neuneyer@westlb.de
CR8913
