AWARDS AND MEMBERSHIPS
Memberships of leading organizations
DZ BANK participates in the dialog between business, politics, and society on sustainable development by getting involved in cross-sectoral initiatives, adhering to their standards, and consulting closely with sustainability experts.
The main international and German sustainability initiatives in which we take part are listed below.
Dialog on and commitment to external standards
- United Nations Global Compact
DZ BANK has been a signatory to the UN Global Compact since 2008. In 2013, we extended our membership to include the entities across the DZ BANK Group. The Global Compact is a strategic initiative whereby companies undertake to align their business activities and strategies with ten principles in the areas of human rights, labor, environment, and anti-corruption. By signing up to the Global Contact, we have committed ourselves to recognizing its ten principles and supporting them within our own sphere of influence.
- A responsible employer/ILO
DZ BANK is aware of its responsibility as an employer. More than 90 percent of our employees are based in Germany and by law are well protected by a social security net when they retire or if they fall ill. In addition, they receive numerous voluntary benefits, such as an occupational pension, some of which are also available to employees in our locations in other countries. Since it was established, DZ BANK has had employee representatives at its German sites who uphold the interests of all employees in Germany. Works meetings are held at these sites when required, and all employees are entitled to attend. Local statutory provisions and standards apply to the employees in our branches in London, New York, Hong Kong, and Singapore. As a matter of course, DZ BANK complies with the fundamental conventions of the International Labour Organization (ILO), a specialized agency of the United Nations, at all of its sites.
- Equator Principles
In January 2013, DZ BANK made a commitment to implement the Equator Principles and to report on its activities in this regard. Ninety financial institutions from 37 countries (as at March 2017) have signed up to the Equator Principles since 2003, thereby agreeing on common social and environmental standards in project finance. The Equator Principles apply to all new project finance transactions around the world with a total volume greater than US$ 10 million. Among other requirements, projects have to be categorized by type, location, and project size. The voluntary principles also set out social and environmental standards and stipulate consultation and disclosure rules. The complete Equator Principles report and the relevant KPIs are available in the English text version.
- German Derivatives Association
The Deutscher Derivate Verband (DDV) [German Derivatives Association] is a body representing the 15 leading issuers of derivatives in Germany. It lays down guidelines for structuring, issuing, selling, marketing, and trading in derivatives, thus providing minimum standards that are designed to offer investors security and cement their trust in issuers' offers. DZ BANK is a founding member of the DDV and actively works with other issuers to promote greater transparency in the retail banking market.
Other initiatives providing opportunities for dialog and exchange
- Association for Environmental Management and Sustainability in Financial Institutions
Since June 2011, DZ BANK has been a member of the Verein für Umweltmanagement und Nachhaltigkeit in Finanzinstituten (VfU) [Association for Environmental Management and Sustainability in Financial Institutions], a network of managers responsible for environmental and sustainability matters at leading financial service providers in Germany, Austria, and Switzerland. We actively participate in various VfU forums and in the ongoing development of industry standards such as the VfU's environmental KPIs. Delia Kaiser, sustainability coordinator at DZ BANK, became a member of the VfU Management Board in 2016.
- German Global Compact Network
The German Global Compact Network (DGCN) brings together the German signatories to the UN Global Compact. More than 350 companies are currently members. As well as DZ BANK, they include DAX enterprises, SMEs, and small specialist firms, and are joined by nearly 60 charities, research institutes, and public-sector organizations.
- ECOPROFIT club Frankfurt and Düsseldorf
DZ BANK is a member of the ECOPROFIT club in Frankfurt and Düsseldorf. Its two main office buildings have held ECOPROFIT certification for a number of years now. ECOPROFIT, the ECOlogical PROject For Integrated environmental Technology, is a Germany-wide project that aims to systematically promote environmental management in companies and municipal establishments. The ECOPROFIT club is a network of particularly committed companies that have already received ECOPROFIT certification and want to build on their environmental knowledge. DZ BANK is an active member of the scheme and benefits from the opportunity to regularly swap experiences with other companies. Members undergo an annual review of their environmental management system. At the beginning of 2017, the German government officially recognized ECOPROFIT club Frankfurt as an energy efficiency network. DZ BANK is therefore part of a comprehensive network initiative that is working to achieve the goals of the Federal Republic of Germany in the areas of climate protection and energy policy.
In addition, DZ BANK uses its membership of many other organizations to exchange information and experience with socially relevant groups in areas of action such as our responsibility for employees and corporate citizenship and also as part of our lobbying activities.
- United nations Global Compact
- Equator Principles
- German Derivatives Association (DDV)
- German Association for Environmental Management and Sustainability in Financial Institutions (VfU)
- German Global Compact Network
- ECOPROFIT club Frankfurt
- Responsibility for employees > Membership of organizations
- Corporate citizenship > Membership of organizations
- Sustainability research (CDP/DVFA)
- Sustainable investment products