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NORD/LBGermany

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-10-31 17:15:11

On record

This profile is no longer actively maintained, with the information now possibly out of date
Last update: 2016-10-31 17:15:11
Bank info
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About
Website https://www.nordlb.com
Headquarters
Friedrichswall 10
30159 Hanover
Germany
CEO/chair Gunter Dunkel
Chairman
Supervisor
Ownership

It is a public corporation owned by the federal states of Lower Saxony and Saxony-Anhalt. 

The state of Lower Saxony owns 59.13% of shares, Lower Saxony Savings Bank and Giro Association owns 26.36%, the state of Saxony-Anhalt holds 5.57% of the shares, Saxony-Anhalt Saving Banks Holding Association owns 5.28% of shares and the final 3.66% are held by the Special Purpose Holding Association of the Mecklenburg-Western Pomerania Savings Banks. (Source) 

NORD/LB (Norddeutsche Landesbank) is a universal bank at the heart of northern Germany and is clearly focused on its core business with special attention paid to the region. The company's headquarters in Hanover, Braunschweig and Magdeburg mark the roots of the bank in its supporting states of Lower Saxony and Saxony-Anhalt.

NORD/LB looks back on a one hundred year old tradition. In 1970, Norddeutsche Landesbank Girozentrale emerged from the merger of four predecessors: Braunschweigische Staatsbank (established in 1765), Hannoversche Landeskreditanstalt (established in 1840), Niedersächsische Landesbank Girozentrale (established in 1917) and Niedersächsische Wohnungskreditanstalt Stadtschaft (established in 1918).

As a commercial bank, NORD/LB offers an extensive range of financial services to their private, corporate and institutional customers as well as public sector customers. In the area of structured financing, they are involved in ship and aircraft financing and in international projects at select locations in the sectors of energy, infrastructure, industry and real estate. Globally, they are represented in all important trading centres such as London, New York, Shanghai and Singapore through our branches and representative offices.

NORD/LB does business as the Landesbank for Lower Saxony and Saxony-Anhalt and assumes the responsibilities of a central bank for savings banks in the federal states of Lower Saxony, Saxony-Anhalt, and Mecklenburg-Western Pomerania. As a central bank for savings banks, they are a partner of the savings banks in Lower Saxony, Saxony-Anhalt and Mecklenburg-Western Pomerania. Beyond these three federal states, they also operate as a service provider for individual savings banks. 

The bank's activities include the development business. Investitionsbank Sachsen-Anhalt (Saxony-Anhalt Investment Bank) and Landesförderinstitut Mecklenburg-Vorpommern (Mecklenburg-Western Pomerania State Development Institute), which belong to the NORD/LB Group, advise the respective state governments

 

 

Sustainability
Policies
Voluntary standards

For an overview of NORD/LB most recent guidelines and sustainability go here. Overarching guidelines of their ESG approach are the Guideline for Environmental Impacts of  Corporate Activities (E), the Guideline for Human Rights and Labour Standards (S) and Ethical Principles (G). 

2015-04-08 00:00:00

Environmental Guidelines

Bank policy
2015-04-08 00:00:00 | NORD/LB
2015-04-08 00:00:00

Our commitment to the environment

Bank policy
2015-04-08 00:00:00 | NORD/LB
2015-04-08 00:00:00

Environment management system

Bank policy
2015-04-08 00:00:00 | NORD/LB
2015-04-08 00:00:00

Group Sustainability Strategy 2020

Bank policy
2015-04-08 00:00:00 | NORD/LB
NORD/LB has committed itself to the following voluntary standards:
UNEP Finance InitiativeTags: United Nations | sustainable development
United Nations Global CompactTags: United Nations | human rights
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Repeat offenders NAB, ANZ and Westpac bankrolling “bet against the Paris Agreement”

NAB, ANZ and Westpac are among 18 global banks that have loaned to a gas processing facility that paves the way for a carbon bomb at the scale of 15 coal power stations.
2022-01-20 | Market Forces
Resources
Documents
Links
2015-04-08 00:00:00

Sustainability Report 2013

Annual report
2015-04-08 00:00:00 | Nord/LB
2015-04-08 00:00:00

Group Annual Report 2013

Annual report
2015-04-08 00:00:00 | Nord/LB
2015-04-08 00:00:00

Environmental Guidelines

Bank policy
2015-04-08 00:00:00 | NORD/LB
2015-04-08 00:00:00

Our commitment to the environment

Bank policy
2015-04-08 00:00:00 | NORD/LB
2015-04-08 00:00:00

Environment management system

Bank policy
2015-04-08 00:00:00 | NORD/LB
2015-04-08 00:00:00

Group Sustainability Strategy 2020

Bank policy
2015-04-08 00:00:00 | NORD/LB
2013-04-23 00:00:00

Annual Report 2012

Annual report
2013-04-23 00:00:00 | Nord/LB
2013-04-23 00:00:00

Sustainability Report 2012

Annual report
2013-04-23 00:00:00 | Nord/LB

NORD/LB's Sustainability Guidelines

Accountability

This page evaluates NORD/LB'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 Nord/LB’s fossil fuel policy below.

Assessment of Nord/LB's coal policy in the Coal Policy Tool

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