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Umweltbank
The Umweltbank AG is a German direct bank that exclusively finances ecological loan projects with its customer deposits.
The Umweltbank has the objective of contributing to the protection of the environment through its business activities in every respect anchored in its statutes.
With its customer deposits, the bank exclusively finances ecological lending projects in the fields of solar, ecological mortgages, wind and hydropower projects, biomass projects and organic farming. The Umweltbank defines these financing priorities by the following positive and exclusion criteria:
Positive criteria:
Exclusion criteria:
Compliance with environmental criteria for lending is controlled by an independent environmental council. As the ecological control body, it advises the Umweltbank on environmental matters and is thus the direct counterpart to the supervisory board. In addition, five expert teams consisting of members of the environmental advisory council and Umweltbank employees assist the management. These develop action recommendations in groups that feed into the further development of the Umweltbank's statutes.
The shares of the bank are 84.4 percent in free float, mainly held by customers and employees. The remaining 15.6 percent holds the GLS Bank. The subscribed capital amounts to €27,882,405 and is divided into 27,882,405 bearer shares (as of December 2017[update]).
The bank was founded in 1994 by Horst P. Popp. In early 1997, it started business operations with the registration of a full banking license in the commercial register. In mid-2001, it went public. Since its foundation, the bank has grown steadily.
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Umweltbank
The Umweltbank AG is a German direct bank that exclusively finances ecological loan projects with its customer deposits.
The Umweltbank has the objective of contributing to the protection of the environment through its business activities in every respect anchored in its statutes.
With its customer deposits, the bank exclusively finances ecological lending projects in the fields of solar, ecological mortgages, wind and hydropower projects, biomass projects and organic farming. The Umweltbank defines these financing priorities by the following positive and exclusion criteria:
Positive criteria:
Exclusion criteria:
Compliance with environmental criteria for lending is controlled by an independent environmental council. As the ecological control body, it advises the Umweltbank on environmental matters and is thus the direct counterpart to the supervisory board. In addition, five expert teams consisting of members of the environmental advisory council and Umweltbank employees assist the management. These develop action recommendations in groups that feed into the further development of the Umweltbank's statutes.
The shares of the bank are 84.4 percent in free float, mainly held by customers and employees. The remaining 15.6 percent holds the GLS Bank. The subscribed capital amounts to €27,882,405 and is divided into 27,882,405 bearer shares (as of December 2017[update]).
The bank was founded in 1994 by Horst P. Popp. In early 1997, it started business operations with the registration of a full banking license in the commercial register. In mid-2001, it went public. Since its foundation, the bank has grown steadily.