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WestLB AG has been awarded first place in the “Sustainable Bankers of the Year” category at the annual sustainable banking awards organised by the FT and the IFC (International Finance Corporation).  The judges particularly praised the short timeframe during which WestLB had succeeded in embedding sustainability principles across its whole company and integrating them in the business process.  In addition, WestLB was shortlisted in the “FT 2006 Sustainable Bank of the Year” and “Sustainable Energy Deal of the Year” categories.

“We are delighted to be honoured this way,” said Dr. Thomas R. Fischer, Chairman of WestLB’s Managing Board.  “It both recognises what we have achieved already and encourages us to go further down the same road.”  As co-initiator of the Equator Principles” and a signatory of the United nations’ “Global Compact”, the Bank is committed to upholding comprehensive environmental and social standards.  This underscores its role as a globally responsible business. The Sustainability Management Group, established in 2004 as part of the CEO’s office is responsible for implementing the Bank’s Sustainability Principles and for achieving closer dialogue with stakeholder groups.  As part of its commitment to transparency and responsibility, WestLB has published its current Sustainability Report in conformation with the guidelines of the “Global reporting Initiative”.