Helaba expanding sustainability criteria for lending activities

"We regard the phasing out of thermal coal-related financing as a further important step and a vital component in our commitment to act in a responsible way for the sake of our climate and the lives of present and future generations," explains Thomas Groß, Deputy Chairman of Helaba's Board of Managing Directors. "We will support our customers in the transformation towards a carbon-neutral economy in line with the EU's Green Deal. We are therefore currently embarking on a group-wide project to place even greater emphasis on sustainability, both in our entire internal value chain as well as in our product range. This will enable us to meet both regulatory requirements and the needs of our customers and society".

The bank's lending guidelines, which apply across the board and throughout the entire Group, are based on the ten principles of the UN Global Compact and are enshrined as binding provisions of Helaba's risk strategy. The sustainability criteria are published on Helaba's sustainability portal: www.helaba.com/int/sustainability