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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
GLS BankGermany
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Last update: 2021-05-07 00:00:00
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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
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| CEO/chair |
Thomas Jorberg CEO |
| Supervisor | |
| Annual report | Annual report 2019 |
| Ownership |
GLS Bank has a co-operative structure. |
| Complaints and grievances |
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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.
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