Facing environmental challenges

Against the background of negative environmental developments on the global level, including climate change, water and resource scarcity, deforestation and threats to biodiversity, business and society are called to contribute to protecting the natural environment. 

This happens on two levels in the NORD/LB Group: in managing the indirect environmental consequences of business activities and in corporate environmental protection.

In respect of indirect environmental consequences of business activities, a guideline has been in place at NORD/LB since 2013 on the environmental impacts of conducting business. It covers such issues as the implicit environmental consequences of specific project investment initiatives. Further guidelines cover aspects of relevance for NORD/LB such as climate change and hydroelectric power generation.

NORD/LB's corporate environmental management also comprises an Environmental Guideline and all environmentally relevant parameters under an environmental management system based on the ISO 14001 standard. This includes energy and resource consumption at all levels of business operations along with the resulting greenhouse gas emissions.

For more information see the chapter Banking in the
>2015 Sustainability Report (PDF, 4,7 MB)


Selected environmental indicators

Materials employed by weight or volume and portion of recycled materials

201320142015
Paper consumption (in t)331336305
โ€“ of which recycled paper393140
โ€“ of which virgin fibre paper (ECF and TCF)281293265
โ€“ of which virgin fibre paper, chlorine bleached11130
Percentage of paper with sustainability label92%98%80%
Paper consumption per employee (in kg)525148

Direct energy consumption by primary energy source (in gigajoules (GJ))

201320142015
Natural gas35.40327.75926.727
Heating oil2.2961.298212
Emergency generator fuels (petrol, diesel)4583275
Petrol consumption for vehicles1.4243.906607
Diesel consumption for vehicles24.72222.35923.805

Greenhouse gas emissions using Greenhouse Gas Protocols method 

(in t CO2)201320142015
Scope 1: Direct CO2 emissions
Natural gas1,9961,5651,472
Heating oil1729717
Emergency generator fuels3622
Petrol (service vehicles)11130857
Diesel (service vehicles)1,8681,6901,792
Refrigerant leakage181451434
(Scope 1 subtotal)(4,331)
(4,117)(3,794)
Scope 2: Indirect CO2 emissions
District heating1,9941,5841,517
Electricity1,4592,6012,830
(Scope 2 subtotal)(3,453)(4,186)(4,347)
Scope 3: Indirect CO2 emissions, 3rd-party
Electricity74297474
Heating959750865
Passenger and goods transport (e.g. business travel)2,4492,4712,473
Paper398404356
Water607068
Waste120228409
(Scope 3 subtotal)(4,060)
(4,220)
(4,645)
Total11,844
12,523
12,785

Total weight of waste by type and and method of disposal (in t)