Helaba is one of the leading providers in the segment of Schuldscheindarlehen (SSDs), or promissory note loans, for companies and the public sector in Europe. Our strengths lie in our extensive product and market expertise as well as our long-running track record of successful past investments.
Thanks to our particular experience and competence, we are focusing our efforts on expanding our range of sustainable financial products. For example, we are currently developing a range of products in the segment of renewable energy. Helaba has already successfully placed the first large-volume green corporate SSD.
As an asset manager for institutional investors, Helaba Invest manages mandates with a connection to sustainability and offers tailor-made solutions for investors. On the reporting date of 30 September 2018, Helaba Invest had mandates (special funds and mutual funds) with a volume under management of EUR 108 billion. Of this, EUR 7.5 billion was related to mandates which include specific sustainability criteria. This corresponds to approximately 6.9 % of total volume.
In March 2018, Helaba Invest signed the UN Principles for Responsible Investment and will integrate ecological, social and corporate cultural factors into its investment approaches and products. As a first step, Helaba Invest is increasingly applying environmental, social and governance (ESG) criteria to its equity mutual funds since 2019. The ESG screen of the funds is based on the examination of major controversies according to a variety of international standards and conventions. Among other things, this ensures compliance with the principles of the United Nations Global Compact in the areas of human rights, labour standards, the environment and the prevention of corruption. It underscores the sustainable character of Helaba Invest's entire range of mutual funds.
Helaba Invest is a member of the German Investment Funds Association e.V. (BVI) and recognises its code of conduct. This code emphasises the duty of investment companies to accept social responsibility in ecological and social issues as well as to ensure good corporate governance ESG criteria. They take the interests of investors more strongly into account than was previously the case in relation to anti-competitive practices, treating investors fairly by providing them with clear and understandable information as well as rules to improve corporate governance.