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HelabaGermany

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-10-31 00:00:00

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-10-31 00:00:00
Bank info
BankTrack campaigns
All
About
Website https://www.helaba.de
Headquarters
Neue Mainzer Straße 52-58
D-60311 Frankfurt am Main
Germany
CEO/chair Hans-Dieter Brenner
CEO
Supervisor
Deutsche Bundesbank
Ownership

Heleba is a legal entity under public law 

Helaba's equity is divided as follows between:

  • Savings banks and Giro Association Hesse and Thuringia (68.8%)
  • State of Hesse (8.1%)
  • Free State of Thuringia (4.05%)
  • Rhenish Savings Banks and Giro Association (4.75%)
  • Savings Banks Association Westphalia-Lippe (4.75%)
  • FIDES Beta GmbH (4.75%)
  • FIDES Alpha GmbH (4.75%)

Helaba is the short name for Landesbank Hessen-Thüringen. It is a German commercial bank in and was founded in 1953. Helaba functions as central bank for the savings banks in Hesse, Thuringia, North Rhine-Westphalia and Brandenburg it acts as central clearing institution and service provider for 40 per cent of German savings banks. Frankfurter Sparkasse, the leading retail bank in the Rhine-Main region, is a wholly-owned subsidiary of Helaba. The Helaba Group also comprises the online bank 1822direkt, LBS Hessen-Thüringen and WIBank. The latter implements development programmes of the State of Hesse.

The principle, “partnership, not competition”, is the basis for joint market canvassing with the savings banks. The bank's strategic business model is based on three corporate sectors: business with large corporate customers and the S-Group, business with private customers and smaller and medium-sized enterprises (“SMEs”), and also public development and infrastructure business. 

Sustainability
Policies
Voluntary standards

The following regarding sustainability practices in Heleba was taken from their 2014 annual report: Helaba has laid down guiding sustainability principles in which it has pledged its commitment to environmental and social responsibility, both internally and in its dealings with the general public. The guiding sustainability principles include core statements and standards of conduct relating to business activities, business operations (operational environmental protection, corporate governance and compliance), employees and corporate social responsibility. Helaba has also translated its responsibility to the environment and society into binding requirements in its business strategy. Helaba's risk assessment and risk management processes thus incorporate the identification and assessment of environmental risks and of issues from a social and ethical perspective. The Bank is looking into the possibility of creating and installing a standard process for the appropriate incorporation of environmental risks and of social and ethical perspectives into relevant lending decisions. Helaba does not finance the manufacture or trading of controversial types of weapon. It also undertakes not to enter into speculative transactions with agricultural commodities or develop investment products related to such commodities. 

Helaba has committed itself to the following voluntary standards:
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Dodgy Deals

Helaba is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Helaba's link to these deals.

Projects / Companies
Finance type
Year
Resources
Documents
Links
2015-03-31 00:00:00

Annual Report 2014

Annual report
2015-03-31 00:00:00 | Helaba
2014-04-30 00:00:00

Annual Report 2013

Annual report
2014-04-30 00:00:00 | Heleba
2013-05-22 00:00:00

Annual Report 2012

Annual report
2013-05-22 00:00:00 | Helaba

Social Commitment

Accountability

This page evaluates Helaba's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Climate

Banks and Climate

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of Helaba’s fossil fuel policy below.

Assessment of Helaba's coal policy in the Coal Policy Tool

Good Moves

Good moves

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