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OLB receives improved ESG rating
Aug 28, 2023 2:00 PM
Oldenburgische Landesbank AG / Key word(s): ESG
OLB receives improved ESG rating
28.08.2023 / 14:00 CET/CEST
The issuer is solely responsible for the content of this announcement.PRESS RELEASE
Oldenburg, 28 August 2023
OLB receives improved ESG rating - S&P Global recognises progress in sustainability activities
- Revaluation puts OLB in the top quarter of the industry
Oldenburgische Landesbank AG (“OLB” or “Bank”) has been rewarded for its continued high level of commitment to sustainability activities. After the Bank was awarded 30 points by the renowned agency S&P Global in its first ever ESG rating in March of this year, S&P Global has now raised the rating to 35 points in an updated review. This puts OLB in the top quarter of all rated institutions in an international comparison of banks; the industry average in the ESG rating currently is 29 points.
"We are very pleased with this good result, it is a reward for what we have achieved and an additional incentive to consistently continue on the path we have taken in our sustainability activities," says Holger Sandker, Head of Sustainability at OLB, "in March we said that the first rating is a milestone and we are aiming for continuous further development. We appreciate that S&P Global has recognised our commitment so quickly." In particular, OLB's greatly improved transparency in the environmental area compared to the previous audit convinced the agency in its assessment.
The agency, which is known in particular for its rating subsidiary Standard & Poor's (S&P), once again analysed and ranked OLB on the basis of more than 100 criteria to what extent it takes into account key aspects of sustainability in the banking business in the areas of the environment (Environmental), social affairs (Social) and corporate governance.
Independent, external ratings such as the ESG rating from S&P Global provide both customers and, in particular, institutional investors and investors on the capital market with reliable orientation for financing and investment decisions. One of the requirements met from the first step, for example, is transparent reporting on various ESG aspects on the corporate website. At www.olb.de/sustainability, OLB provides extensive information about its approach and goals in terms of sustainability, its mission statement, its ESG policy and other relevant points.
About the OLB
Oldenburgische Landesbank AG is a profitable and growing universal bank for private and corporate customers in Germany and neighbouring European countries. Under its OLB Bank and Bankhaus Neelmeyer brands, OLB advises its more than 650.000 customers in person and via digital channels in its Private & Business Customers and Corporates & Diversified Lending segments. The Bank has about EUR 25 bn of total assets.
You can also visit us at www.olb.de and www.neelmeyer.de as well as on Facebook, Instagram and YouTube.
Contact details: Oldenburgische Landesbank AG
Corporate Communications
& Investor Relations
Stau 15/17
26122 Oldenburg / Germany
Telefax 0441 221-2425
ccir@olb.de
Your contact persons:
Britta Silchmüller
Phone 0441 221-1213
britta.silchmueller@olb.de
Timo Cyriacks
Phone 0441 221-1781
timo.cyriacks@olb.de
28.08.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.comLanguage: English Company: Oldenburgische Landesbank AG Stau 15-17 26122 Oldenburg Germany Phone: 0441 - 221 - 0 E-mail: olb@olb.de Internet: www.olb.de EQS News ID: 1713073 End of News EQS News Service 1713073 28.08.2023 CET/CEST
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