Landesbank Baden-Württemberg (LBBW)

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "In particular, the following aspects are examined for the aforementioned industries:Wood/paper:Illegal logging / deforestation of primary forests; Activities in protected areas; Endangering biodiversity; Waste management; Reclamation / recultivation; Human rights; Existing land use rights; Environmentally friendly production processes (e.g. soil conservation, erosion control); Fair working conditions (ILO Core labor standards)"

[Translation] "In particular, the following aspects are examined for the aforementioned industries:Wood/paper:Illegal logging / deforestation of primary forests; Activities in protected areas; Endangering biodiversity; Waste management; Reclamation / recultivation; Human rights; Existing land use rights; Environmentally friendly production processes (e.g. soil conservation, erosion control); Fair working conditions (ILO Core labor standards)" "In order to identify, analyze and assess sustainability risks in international financing projects, LBBW conducts sustainability reviews of certain loan inquiries in highly relevant industries (i.e. wood/paper, mining, petroleum/natural gas and bioenergy) in certain countries deeply affected by these industries. Financing for foreign companies in critical industry-country combinations involving raw materials extraction, import/export, or primary processing has to complete a careful process aimed at weighing the risks. This process does not extend to financing backed by the German government or another government export credit agency in an OECD member state since it will have already passed an environmental/social review. The review process also does not apply to documentary bulk operations (e.g., letters of credit, guarantees and surety bonds) in which the Bank acts merely as an intermediary between the importer and exporter."

[Translation] "In particular, the following aspects are examined for the aforementioned industries:Wood/paper:Illegal logging / deforestation of primary forests; Activities in protected areas; Endangering biodiversity; Waste management; Reclamation / recultivation; Human rights; Existing land use rights; Environmentally friendly production processes (e.g. soil conservation, erosion control); Fair working conditions (ILO Core labor standards)"

[Translation] "In particular, the following aspects are examined for the aforementioned industries:Wood/paper:Illegal logging / deforestation of primary forests; Activities in protected areas; Endangering biodiversity; Waste management; Reclamation / recultivation; Human rights; Existing land use rights; Environmentally friendly production processes (e.g. soil conservation, erosion control); Fair working conditions (ILO Core labor standards)"

[Translation] "In particular, the following aspects are examined for the aforementioned industries:Wood/paper:Illegal logging / deforestation of primary forests; Activities in protected areas; Endangering biodiversity; Waste management; Reclamation / recultivation; Human rights; Existing land use rights; Environmentally friendly production processes (e.g. soil conservation, erosion control); Fair working conditions (ILO Core labor standards)"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"Dealing with customers and business partners: We do not enter into business relationships with partners who obviously violate laws or international conventions, conceal their true identity or ownership structure, engage in money laundering or finance terrorism"

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

"For investment projects outside the DACHregion (Germany, Austria, Switzerland), the review process also stipulates using the ProtectedPlanet database (www.protectedplanet.net) tocheck whether the project is located in a protected area (UNESCO World Heritage Site, RamsarSite (Ramsar Convention; international treaty onwetlands), UNESCO (United Nations Educational,Scientific and Cultural Organization) MAB (UNESCO Program “Man and the Biosphere”), IUCNprotected area (IUCN: International Union forConservation of Nature) category Ia, b or II). TheSustainability team must be brought in whenevera protected area is involved. Based on the experience from the pilot project, the standardizedreview is planned to be permanently rolled out toall corporate client areas."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

[Translation] "In the case of project financing in which we can identify possible effects on indigenous peoples, we expect our corporate customers to act in accordance with the goals and requirements of IFC Performance Standard PS 7 (»Indigenous Peoples«). We assume that the voluntary, prior and informed consent (FPIC) is obtained from the affected groups and that they are actively involved in decision-making and implementation processes."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

"In 2011, sustainability criteria were defined for the investment of LBBW’s free unappropriated equity. The criteria were revised in 2016. They now apply to significantly more portfolios. New investments are categorically rejected based on exclusion criteria if they involve child labor or company violations of human and workers’ rights [...] Child labor: At a country level, that means: It is considered a violation if the employment of children is widespread in a country. At a company level, that means: see workers’ rights exclusion criteria (child labor is part of the exclusion criterion). Violation of workers’ rights: At a country level, that means: It is considered a violation if working conditions in a country are especially poor, particularly regarding minimum wages, working hours, and health and safety. At a company level, that means: It is considered a violation to flagrantly breach at least one of the four fundamental principles of the ILO Declaration on Fundamental Principles and Rights at Work (freedom of association and collective bargaining, forced or compulsory labor, child labor, and discrimination)."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."

[Translation] "LBBW attaches great importance to the fact that the companies in which it invests or which it finances integrate criteria on climate change, corruption / anti-corruption as well as human and labor rights into their procurement and operating guidelines, as well as clauses on compliance with criteria including climate change and corruption in their contracts with subcontractors and suppliers. The same applies to gender-specific, women's rights and tax criteria in the procurement and operating guidelines as well as to the inclusion of clauses on compliance with tax criteria in their contracts with subcontractors and suppliers."