LBBW

Landesbank Baden-Württemberg (LBBW) is a universal and international commercial bank. With over €373 billion in assets, they are the central bank for the savings banks in the German states of Baden-Württemberg, Rhineland Palatinate, and Saxony.[1]According to their policy on sustainability, they “endeavor not to co-operate with companies or institutions of which it is known that they disregard basic human rights.”[2]

As investigated in the Dirty Profits Report 1 between 2010 and 2012 , LBBW invested in controversial mining companies like AngloAmerican, BHP Billiton, and Rio Tinto.[3]

LBBW then ranked 11th in harmful investment transactions with a total of €95 million invested in 13 of the 28 controversial companies investigated in the PROFUNDO report.

For detailed information regarding the companies that LBBW was invested in, please refer to the PROFUNDO research report links below. The PROFUNDO report, (conducted between 2010 and 2012), analyzed the investments between LBBW (and many other financial institutes) and controversial companies.

PROFUNDO – Underwritings of Shares and Bonds

PROFUNDO – Loans

PROFUNDO – Management of Shares and Bonds


[1] “Company Profile – Landesbank Baden-Württemberg.” Company Profile. LBBW, n.d. Web. 04 Dec. 2012. <http://www.lbbw.de/lbbwde/1000000495-en.html>.

[2] Guidelines for Sustainability. Policy. LBBW, n.d. Web. 4 Dec. 2012. <http://www.lbbw-nachhaltigkeit.de/fileadmin/pdf/Guidelines_for_Sustainability_english_version_final.pdf>.

[3] Gelder, Jan Willem Van, Barbara Kuepper, Petra Spaargaren, and Joeri De Wilde. DIRTY PROFITS Report on Companies and Financial Institutions Benefiting from Violations of Human Rights: A Research Paper Prepared for Facing Finance. Tech. Amsterdam: Profundo, 2012. Print.

Shareholding Indirect involvement (through companies or subsidiary companies) in criticised cases Norms, affected by criticised cases

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