|Date joined:||24 May, 2013|
|Initiatives:||Principles for Responsible Banking|
NORD/LB is one of the largest universal banks in Northern Germany. It is among the top 10 banks in Germany and the top 100 banks in the world. NORD/LBs headquarters is located in Hanover. It is the state bank (Landesbank) for the federal states of Lower Saxony and Saxony Anhalt as well as the main institute and partner of the savings banks in Lower Saxony, Saxony-Anhalt and Mecklenburg-Western Pomerania. It is also active in the federal state of Bremen through its subsidiary, Bremer Landesbank. NORD/LB offers a complete range of banking services for companies and central, regional and local authorities in Germany and abroad. Key activities include corporate customer business, shipping and aircraft financing, commercial real estate and agricultural banking, renewable energy financing. NORD/LB is amongst the top 9 banks worldwide in wind, solar and biomass energy.
NORD/LB and Sustainability
NORD/LBs development is also to serve future generations. They have always been concerned with ensuring that the development of NORD/LB is viable in the long term. Their focus is on how to operate responsibly, to provide the generations to come with an eco-logically intact world that enjoys economic and social stability. That is what they stand for. As a consumer of resources and energy, as a provider of products and services, as an employer and as a corporate citizen of society.
Independent sustainability rating agencies regularly scrutinise what they do to ensure sustainability in our business. According to the assessments that form a measure of their performance in their capacity as a Landesbank and are carried out by the rating agencies, they are one of the best providers in this sector, due to their above-average involvement in areas such as the environment and social care. This also makes them a key player for sustainably oriented institutional investors in their portfolio of sustainable investments.