ReportAlert.info - WestLB AG publishes Sustainability Report 2011
The report supplements the information already provided in the current Annual Report and includes relevant information and ratios on the current status of developments in sustainability management
(3BL Media / theCSRfeed) September 28, 2011 - WestLB today publishes its Sustainability Report 2011. The report supplements the information already provided in the current Annual Report 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 development for business activities in the energy sector, which define minimum standards for financings herein. WestLB is a leading bank for the financing of energy projects. The global energy sector is particularly capital-intensive and is undergoing 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 the political, economic, media and social debate about energy supply security and climate protection, WestLB has adopted and further developed certain policies applicable to this industry.
WestLB is a European commercial bank with total assets of EUR 160.4 billion as at June 30, 2011. Its key strengths include the close business with the savings banks in North Rhine-Westphalia, Germany’s largest federal state, and its expertise in corporate banking, structured finance, capital markets business and transaction services. With its international product expertise, WestLB is an important partner for German companies´ international activities and global institutions seeking access to the German market. The Bank is currently facing structural changes. WestLB Group employs 4,376 full-time staff.
The report can be downloaded in German and English from the internet: http://www.reportalert.info/ra/profiles/WestLB/2011/?ID=41687
Contact:
foster_deibert@westlb.de
dustin_neuneyer@westlb.de
CR17205
