Bayerische Landesbank is a significant investment financier for the Bavarian and German economy, headquartered in Munich, Germany. The bank provides financial services to companies, financial institutions, investors, savings banks and the public sector. As of 2021, the bank had 8,439 employees and EUR 267 billion in total assets.
In terms of its approach towards impact management, Bayerische Landesbank acknowledges that its financing activities have both positive and negative impacts. The financial institution identified and prioritised its impacts through a materiality assessment process which included feedback from external stakeholders. In addition, Bayerische Landesbank discloses a list of trade associations of which it is a member including sustainability- and non-sustainability-related organisations.
Bayerische Landesbank discloses the aggregate amount and share of finance it devotes to climate solutions while specifying what these solutions are. Furthermore, the financial institution discloses the financing criteria it uses to ensure the protection of nature and biodiversity.
Bayerische Landesbank discloses the proportion of its total direct operations workforce for each employee category by age group as well as the proportion of women in its total direct operations workforce for each employee category. The financial institution has a grievance mechanism accessible to all workers to raise human rights complaints or concerns as well as a grievance mechanism for stakeholders to raise concerns and complaints regarding bribery and corruption.
Bayerische Landesbank discloses the proportion of its total direct operations workforce covered by collective bargaining agreements. Moreover, the bank discloses a public commitment to protect personal data. The financial institution discloses income tax payments for all its tax jurisdictions. The financial institution includes anti-bribery and anti-corruption clauses in its contracts with direct business relationships. Bayerische Landesbank specifies that it does not make political contributions.
In terms of its approach to senior leadership accountability, there is no evidence that the financial institution links the remuneration of its executive or management teams to sustainability performance criteria. No evidence was found that Bayerische Landesbank is committed to gender equality and women’s empowerment. Moreover, the bank has an opportunity to disclose the proportion of women in senior leadership roles as well as how it addresses any gender pay gaps. The financial institution also has an opportunity to describe its engagement approach on sustainability themes and impact topics with clients.
There is no evidence that Bayerische Landesbank discloses a target to reach net-zero financed emissions by 2050. The financial institution has an opportunity to disclose the key sectors and companies it has identified as priorities to engage with on climate change, specifically on the alignment with the Paris Agreement. Bayerische Landesbank could align its wind and solar project financing with internationally recognised frameworks. There is no evidence that the financial institution is committed to minimising the negative impacts it has on nature and biodiversity.
There is no evidence that Bayerische Landesbank has a publicly available policy statement committing it to respect human rights laid out in the UNGPs. There is no evidence that the financial institution describes the process for identifying its human rights risks and impacts through its relevant financing activities. To provide transparency on financial inclusivity, the financial institution has an opportunity to disclose the amount of finance directed towards, for example, women-owned businesses, small- and medium-sized enterprises or low-income developing countries.
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Net income: EUR 553 million; Total assets: EUR 266.55 billion