Our ESG approach at Hauck Aufhäuser Lampe

Sustainability is an integral part of our work

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The importance of sustainability

Sustainability is defined in the glossary as principles of action, goals or states of affairs to ensure the sustainable, regenerative and, as far as possible, side-effect-free use of resources. On the one hand, this suggests the conscious and responsible use of (limited and vulnerable) resources (e.g. paper, wood, water, but also the human factor). On the other hand, it is a matter of ensuring the required responsible handling through clear principles and planned implementation.

The concretization of these principles is pursued by means of environmental, social and governance (ESG) goals, also in accordance with regulatory requirements and standards.

We invest and commit ourselves in the area of sustainability just as we do in the area of diversity

ESG engagement

The components of ESG

Environmental

Climate protection
Adaptation to climate change
Protection of biological diversity
Sustainable use and protection of water and marine resources
Transition to a circular economy, waste prevention and recycling
Pollution prevention and control
Protection of healthy ecosystems
Sustainable land use

Social

Compliance with recognized labor law standards (no child labor, no forced labor, no discrediting)
Compliance with occupational safety and health protection
Appropriate remuneration, fair conditions at the workplace, diversity, and opportunities for training and continuing education
Freedom of trade union and assembly
Ensuring adequate product safety, including health protection
Equal requirements for companies in the supply chain
Inclusive projects or consideration for the needs of communities and social minorities
Tax honesty

Governance

Measures to prevent corruption
Sustainability management by Executive Board and Supervisory Board
Executive Board compensation dependent on sustainability
Enabling whistle blowing
Guarantee of employee rights
Ensuring data protection
Disclosure of information

Our ESG strategy is anchored in all business areas

Bank-wide

With our bank-wide ESG program, we fully implement measures required by regulation and also develop a Hauck Aufhäuser Lampe ESG identity. This includes the formulation of an ESG strategy and the development of ESG policies, but also the transformation of the corporate culture. Innovative concepts of cross-divisional cooperation are used to anchor ESG deeply in the company. For example, a company-wide ESG committee has been established to implement a comprehensive package of measures.

Asset Servicing

With the EU Action Plan for Financing Sustainable Growth, the EU wants to push climate policy and social goals. These goals are to be achieved by redirecting capital flows from non-sustainable to sustainable investments. The Sustainability Disclosure Regulation is the central regulatory requirement in this context.

Private Banking

Our own wealth management operates along strict ESG criteria, with the investment strategy aligned with MSCI's sustainability research (MSCI ESG Research) and applying different approaches across negative exclusions.

"Aus unserer Sicht gibt es viele Potenziale und Chancen: Große und weitreichende Aktivitäten, auch aus der beruflichen Rolle heraus, so zum Beispiel durch die Integration der Nachhaltigkeit in die Anlageberatung. Aber auch durch die ganz alltäglichen zahlreichen kleinen Handlungen, wie z. B. die Anfahrt zur Bank mit dem Firmen-Bike oder der Verzicht auf den Ausdruck einer E-Mail, erzielen wir Wirkung."
Sandra Freimuth, Head of Corporate Communications l Marketing | Talent Management | Organisationsentwicklung bei Hauck Aufhäuser Lampe

Our social Engagement

Donations instead of gifts

Supporting social projects has historically been a high priority at our company. We support various charitable foundations, associations and clubs. For some years now, we have also dispensed with Christmas gifts for our customers and employees. Instead, we support charitable projects throughout Germany, with support for disadvantaged children and young people being particularly close to our hearts.

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