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Created before Nov 2016
Last update: 2022-05-10 12:31:45

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GLS Bank head office in Bochum. Photo: Molgreen via Wikimedia Commons (CC BY SA 3.0)

About GLS Bank

GLS Bank (full name GLS Gemeinschaftsbank eG) is a German ethical bank that was founded in 1974 as an anthroposophical initiative by Wilhelm Ernst Barkhoff and Gisela Reuther. It was the first bank in Germany that operated with an ethical philosophy. The bank focusses on cultural, social and ecological initiatives, initiated by people, and not anonymous interests seeking capital or maximum profit.

Website http://www.gls.de
Headquarters
Christstraße 9
44789 Bochum
Germany
CEO/chair Thomas Jorberg
CEO
Supervisor
Bundesbank
Annual report CSR Report 2020
Ownership

GLS Bank has a co-operative structure.

Complaints and grievances

Policy Assessments

Banks and Climate

Bank net zero commitments

BankLast update
Country
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
Details
GLS Bank
2021-11-04
DEU
-10000
Germany
Profile
Target 2025
Target 2030
Net zero 2050
SBT
NZBA
CCCA
20211104
Last update: 2021-11-04
Explanation

GLS Bank joined the NZBA in April 2021

References
2021-11-4

Net Zero Banking Alliance

2021-11-4 | UNEP FI
Explanation

This table tracks the net zero pledges and commitments of banks. It shows whether banks have committed to net zero by 2050 and have set an interim emissions reduction goal for 2025 and/or 2030. It also notes banks that have not yet set targets but have pledged to do so in the future, including by joining the Collective Commitment to Climate Action or Net Zero Banking Alliance. Finally, it notes whether banks have (pledged to) set Science-Based Targets. More information and references can be found by expanding the 'details' section of each bank.

  • A blue check mark means the bank has set a target or joined the alliance. A check mark does not mean that the target set by the bank meets any particular standard, just that is has set a target. In case we have identified short comings in the target, for example when it only applies to lending and not underwriting), this is noted in the 'details' section.
  • An orange dash means a bank has pledged to set a target (for example, banks commit to set 2030 and 2050 targets when they join the NZBA), but have not yet actually done so.

Abbreviations:

CCCA = Collective Commitment to Climate Action
NZBA = Net Zero Banking Alliance
SBT = Science-Based Targets

For more details see this page.

News

| |
Type:
Year:
blog
external news
our news

Banks and biodiversity: are banks moving towards Kunming?

As China hosts the first part of the UN Biodiversity Conference, banks are called upon to support its goals
2021-10-14 | Nijmegen | BankTrack
blog
external news
our news

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Civil society organizations urge banks to adopt stringent “No Go” policy for biodiversity rich areas
2021-05-26 | Nijmegen | BankTrack
blog
external news
our news

New bank climate initiative fails to grasp urgent need to end finance for fossil fuels

Civil society statement on the launch of the Net-Zero Banking Alliance
2021-04-22 | Nijmegen | BankTrack, urgewald, Amazon Watch, Bank on our Future, Indigenous Environmental Network, Market Forces, Positive Money, Rainforest Action Network, Reclaim Finance, ShareAction, Sierra Club
blog
external news
our news

Leading finance firms sign up to Mark Carney forum on low-carbon investment

2021-04-21 | The Guardian

Documents

Type:
Year:
annual reports
2021-07-13 00:00:00

CSR Report 2020

2021-07-13 00:00:00 | GLS Bank
other documents
2021-06-24 00:00:00

Guidance on Biodiversity Target Setting for PRB signatories

2021-06-24 00:00:00 | UNEPFI
other documents
2021-04-21 00:00:00

Commitment statement Net Zero Banking Alliance

2021-04-21 00:00:00 | UNEP FI Principles for Responsible Banking
other documents
2020-12-08 00:00:00

Collective Commitment to Climate Action - Year One in Review

2020-12-08 00:00:00 | UNEP FI Principles for Responsible Banking
annual reports
2020-07-02 00:00:00

Annual report 2019

2020-07-02 00:00:00 | GLS Bank
other documents
2019-09-19 00:00:00

Collective Commitment to Climate Action

2019-09-19 00:00:00 | UNEP FI Principles for Responsible Banking
correspondence
2019-09-11 00:00:00

Letter from GLS Bank to BankTrack on PRB implementation

2019-09-11 00:00:00 | GLS Bank
csr policies
2019-07-02 00:00:00

Exclusion criteria

Date listed represents date as accessed on website
2019-07-02 00:00:00 | GLS Bank
annual reports
2019-04-30 00:00:00

Annual report 2018

2019-04-30 00:00:00 | GLS Bank
csr policies
2017-01-31 00:00:00

Anlage und Finanzierungsgrundsätze

2017-01-31 00:00:00 | GLS Bank
correspondence
2015-09-22 00:00:00

Letter from GLS to BankTrack on signing the Paris Pledge

2015-09-22 00:00:00 | GLS
annual reports
2015-04-14 00:00:00

Annual Report 2013

German only
2015-04-14 00:00:00 | GLS Bank
annual reports
2015-04-14 00:00:00

Sustainability Report 2013

Germany only
2015-04-14 00:00:00 | GLS Bank
annual reports
2013-04-24 00:00:00

Annual Report 2012

2013-04-24 00:00:00 | GLS Bank
annual reports
2012-07-16 00:00:00

Sustainability Report 2011

2012-07-16 00:00:00 | GLS Bank
annual reports
2011-05-27 00:00:00

Annual Report 2010

2011-05-27 00:00:00 | GLS Bank
annual reports
2010-05-05 00:00:00

Annual Report 2009

2010-05-05 00:00:00 | GLS bank

Links

The principles of GLS sustainability

https://www.gls.de/privatkunden/gls-bank/gls-nachhaltigkeit/

Policies

Voluntary standards

GLS Bank has committed itself to the following voluntary standards:
  • Klimaschutz-Selbstverpflichtung des Finanzsektors
  • Collective Commitment to Climate Action (CCCA)
  • Global Alliance for Banking on Values
  • Global Reporting Initiative
  • Net-Zero Banking Alliance (NZBA)
  • Paris Pledge for Action
  • Partnership for Carbon Accounting Financials (PCAF)
  • Principles for Responsible Banking (PRB)
  • Principles for Responsible Investment (PRI)
  • Principles of Sustainable Banking

Investment policies

GLS Bank's webpage on corporate social responsibility can be accessed here.

Year:
csr policies
2019-07-02 00:00:00

Exclusion criteria

Date listed represents date as accessed on website
2019-07-02 00:00:00 | GLS Bank
csr policies
2017-01-31 00:00:00

Anlage und Finanzierungsgrundsätze

2017-01-31 00:00:00 | GLS Bank

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