LBBW sustainability report 2023: Successful transformation of the economy

LBBW sustainability report 2023: Successful transformation of the economy

The Landesbank Baden-Württemberg (LBBW) has published its sustainability report for 2023. In the report, figures and facts on sustainability are presented on 279 pages. The LBBW emphasizes that its sustainable strategy is successful and is an important part of its business strategy. At the beginning of March, the bank published a group result of 1,374 million euros before taxes.

Especially in the area of renewable energies and digital infrastructure, the LBBW contributes to the sustainable and digital change in the economy. As a partner of a banking consortium, she finances the construction of parts of the Germany network and thus contributes to the attractiveness of switching to e-mobility. The LBBW enables a financing solution for the offshore windpark He Dreiht to supply around 1.1 million households with wind power.

The LBBW also promotes sustainable action among its employees: since August last year, it has been covering the costs for the Germany job ticket to promote switching to public transport and reduce CO2 emissions. Internal training programs offer almost 70 training courses on the subject of sustainability, which the employees can choose as required.

The bank also takes its social responsibility seriously. In 2023, the LBBW Group supported a total of 380 non-profit institutions with a donation of around 1,119,000 euros. The LBBW combines the topics of ecological and social sustainability more closely in its internal organizational structure and has created the new area "Transformation and Society", which brings together the independent LBBW Foundation, the corporate art collection and the social engagement with regard to sustainability.

The LBBW's sustainability report shows that the bank perceives its responsibility and is also a reliable partner for her customers in turbulent times. The LBBW strives to further promote the sustainable transformation of business and society together with customers, employees and the people in the region.

Here you can download the LBBW sustainability report.

In the following table you will find an overview of the most important information from the sustainability report:

With its sustainability report 2023, the LBBW shows that it consistently implements its strategic focus on sustainability and is therefore successful. The bank makes an important contribution to the sustainable transformation of the economy and also promotes the sustainable actions of its employees. Through its social responsibility and support of non -profit institutions, LBBW shows its close connection with the region and the local people.

Source: Landesbank Baden-Württemberg (LBBW)/OTS