UMWELTBANK AG.
UBK.XETRA | Other monetary intermediation
UmweltBank AG is a German ethical and ecological bank. It focuses on financing environmentally friendly projects, particularly in the areas of renewable energy, ecological construction, and sustainable living. The bank provides loans and other financial services to individuals, businesses, and organ...Show More
Better Health for All
10
UmweltBank explicitly states it exclusively finances sustainable projects, excluding fossil fuels, nuclear energy, military goods, and other harmful activities
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, indicating zero revenue from products with established negative health outcomes since its inception. Through its financing of renewable energy projects, the company contributed to avoiding over 1,340,000 tonnes of CO2 in 2023
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, representing a substantial positive health externality by reducing air pollution. While 38.3% of its 2023 loan portfolio was allocated to residential, social, and commercial real estate
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, which includes financing affordable housing for over 500 people and care places for 80 people
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, the direct health-positive impact of this portion does not meet the quantitative thresholds for positive scoring tiers in the rubric. The indirect health benefits from financing renewable energy are excluded from the 'health_impact_core' KPI by the value definition. As a financial institution, UmweltBank's products and services do not have direct safety implications for physical or mental health, and no safety-related fines or violations were reported in 2023
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. Similarly, its products do not carry health risks requiring specific disclosure or transparency. Other health-related KPIs are not applicable to the company's banking operations, or the provided evidence pertains to internal employee benefits rather than external health impact, or lacks the specific quantitative data (e.g., percentages of vulnerable populations reached or revenue allocation) required by the rubric's thresholds.
Fair Money & Economic Opportunity
0
No specific, quantifiable evidence was found in the provided articles for any of the KPIs under the 'Fair Money & Economic Opportunity' value. Information regarding underserved client share, pricing fairness, exploitative fee exposure, inclusion initiatives, data accessibility, wealth building outcomes, profit reinvestment, financial literacy initiatives, debt burden ratio, geographic inclusion, or product simplicity was either qualitative, too general, or not directly measurable against the rubric's thresholds. While the company reported no fines for discriminatory or unfair lending in 2023
1
, regulatory actions related to 'proper business organization and additional capital' were not explicitly linked to discriminatory or unfair lending practices, preventing a score for fair lending compliance.
Fair Pay & Worker Respect
10
The company reported an unadjusted gender pay gap of 13.8% in 2023, indicating women earn 86.2% of men's pay.
1
Employee satisfaction was 86% in 2022.
2
The voluntary employee turnover rate was 8.8% in 2023.
3
The company reported no significant fines or non-monetary sanctions due to non-compliance with social and economic legislation in 2021 and 2022.
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No specific data was provided for living wage coverage, CEO to median pay ratio, collective bargaining share, safety incident rate, insecure contract share, or health insurance coverage.
Fair Trade & Ethical Sourcing
0
No evidence available to assess UMWELTBANK AG on Fair Trade & Ethical Sourcing.
Honest & Fair Business
0
No specific, concrete data points were found in the provided articles that precisely match the quantitative or qualitative thresholds for any of the KPIs under the 'Honest & Fair Business' ethical value. For 'regulatory_fines_3y', while states 'No fines levied in the past three years', the rubric's tiers for zero fines include additional specific conditions (e.g., 'warning letters issued' or 'prompt self-reporting') that are not evidenced, preventing a precise tier assignment.
1
For 'transparency_index', notes a 'GRI content index is referenced, but no specific score is given'.
2
For 'whistleblower_policy', mentions a 'central complaint management system' with a 14-day response time, but it does not explicitly describe a formal whistle-blower protection policy or its specific protection mechanisms.
3
For 'financial_restatements', states 'No restatements mentioned', which is not equivalent to a confirmed zero restatements over a specific period.
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'Audit_coverage_pct', 'esg_controversy_index', and 'board_conflict_free_pct' are explicitly marked as 'Not applicable' or 'Limited data' in the articles. For 'complaint_resolution_time', provides a 'response time' of 14 days, but not the 'median days to close' complaints.
5
For 'anti_corruption_policy', indicates a 'Compliance function' and 'Training on these topics is provided', but lacks specific details on the policy's comprehensiveness, training frequency, or enforcement mechanisms.
6
Finally, for 'third_party_verification', details an 'Annual external audit of the environmental management system (EMAS)', but the KPI requires a 'percentage of ethical claims independently verified', which is not provided.
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Kind to Animals
0
The provided articles do not contain specific, concrete data points related to UBK.XETRA's performance on any of the 'Kind to Animals' KPIs. The company is a bank, and the KPIs are primarily designed for companies with direct involvement in animal-related products, testing, or agriculture. Information regarding cruelty-free certifications, animal testing, humane operations, wildlife conservation impact, ethical input substitution, supplier audits for welfare, cage-free sourcing, animal agriculture ethics, or engagement in animal welfare policy and collaboration is not explicitly detailed for the company's operations or investments in a measurable way against the rubric's thresholds. While one article mentions an exclusion for 'damage to biodiversity' for an ETF, this is an investment policy and not a direct, measurable impact or engagement by the bank itself on animal welfare.
1
No War, No Weapons
0
UmweltBank AG explicitly excludes weapons and military goods from financing and investment, resulting in 0% revenue from such activities.
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This policy is codified through clear exclusion criteria for financing projects and investments.
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The bank's UCITS ETF also explicitly excludes weapons/armaments, including cluster bombs, anti-personnel mines, and weapons of mass destruction.
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Due to these comprehensive exclusion criteria, the bank has no defense assets to divest and no exposure to controversial weapons.
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Planet-Friendly Business
0
No evidence available to assess UMWELTBANK AG on Planet-Friendly Business.
Respect for Cultures & Communities
0
The company reported no significant cultural appropriation incidents in 2022.
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It maintains a central complaint management system that is available on its website.
2
Safe & Smart Tech
-40
The company reported 5 mandatory data privacy incidents in 2023, which involved unwanted disclosure of data.
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These incidents were notified to the BayLDA within 72 hours, and no sanctions were imposed.
2
Zero Waste & Sustainable Products
0
No evidence available to assess UMWELTBANK AG on Zero Waste & Sustainable Products.