Exchange with stakeholders
The expectations and requirements of our stakeholders are differentiated and varied. WestLB is therefore caught between conflicting interests, which we seek to satisfy through targeted and systematic dialogue tools.
Sustainability Dialogue Forum
With our regular reporting on sustainability issues, we seek to provide our stakeholders with detailed information on our sustainability strategy and our achievements in this field. In the context of the “WestLB Dialogforum Nach-haltigkeit” (Sustainability Dialogue Forum), we conduct a semi-annual ex-change with leading environmental and development organisations and scientific institutes on the sustainability strategy of WestLB as well as on general and specific business risks and opportunities.The members of the forum include representatives of BankTrack, Germanwatch, Urgewald, the Südwind Institut, the Wuppertal Institut and the WWF. The WestLB participants in this exchange include representatives of the front-office and the back-office as well as the Sustainability Management Department. The results of the Dialogue Forum are incorporated in the refinement of the sustainability strategy and the sustainability management process, e.g. in the development and implementation of business policies. In addition, we exchange views regularly with our stakeholders at conferences and in bilateral meetings – a form of cooperation that is both results-oriented and informed by mutual respect.
Memberships and Initiatives
We actively contribute our knowledge and represent our interests in a number of organisations and initiatives, of which a selection is shown below:
- United Nations Global Compact
- United Nations Environment Programme Finance Initiative
- Equator Principles
- Carbon Disclosure Project (CDG)
- European Sustainable Investment Forum
- Roundtable on Sustainable Palm Oil
- The Association of German Public Sector Banks (VÖB)
- German Savings Banks Association, DSGV
- Forum Nachhaltige Geldanlagen
- Verein für Umweltmanagement und Nachhaltigkeit in Finanzinstituten e. V.
- International Institute for Management Development (IMD), Forum for Corporate Sustainability Management