Helaba

Helaba assigns decision-making and oversight responsibility for its sustainability strategy to the highest governance body and delegates implementation responsibilities to specific functions, teams, or committees within the organization.

The institution has a publicly available policy statement committing to respect human rights and has a publicly available policy statement committing to respect ILO core labour rights and expects its suppliers to do the same. Moreover, Helaba discloses its operations by country, such as the number of employees or revenue. It transparently identifies the nature-related impacts associated with its provision of products, services, and capital.

While Helaba identifies material sustainability impacts across the value chain, the process for prioritisation lacks detail. Recommendations include disclosing third-party assurance for target reporting and linking senior executive remuneration to sustainability targets. Although the assessed entity has a statement on the rules it must follow in regards to lobbying, there is no evidence found that Helaba commits to not use its lobbying and political engagement power to impact in directions that would lead to adverse sustainability impacts. The entity has a fossil fuel policy and a breakdown of financed emissions by sector which focuses on; energy; automotive and mechanical engineering; mining, chemical industry, metal production; and shipping, aviation, rail transport, however, it does not disclose the monetary share linked to high-emitting sectors. Moreover, there is no evidence that Helaba does not provide products, services or capital, neither to new fossil fuel projects nor to clients and investees undertaking such projects. While the financial institution disclose information regarding financed emissions, it could increase its coverage of financial activities by stating the share of their financed emissions covered by their disclosure. The institution has an opportunity to clarify scope 2 emissions and disclose emissions reductions in line with interim targets. There is no evidence of a process for mitigating identified human rights risks, and an example of actions taken on salient human rights issues is recommended. The assessed entity has a statement on corruption but does not provide evidence of giving or receiving anything of value for advantage.

This scorecard refers to information in English which was publicly available by July 15 2024. AuM and Total assets are stated in USD for comparability and have been calculated based on reported local currency values multiplied by applicable IMF currency converter values.