Sparkasse Düren | Council for Inclusive Capitalism

Sparkasse Düren is a regional financial services provider governed by German public-law. It was founded in 1832 and is a member of the German Sparkassen organisation. Sparkasse Düren is committed to common welfare also under public-law. Thus, Sparkasse Düren follows an approach von inclusive capitalism by it's given Corporate DNA. This is underlined by our ur core company claim "It's about more than just money!". With a total balance sheet of about 5 bn €, Sparkasse Düren provides financial services to both corporate and private clients. According to the annual Handelsblatt Elite report, wealth management operations of Sparkasse Düren are regarded among the best managers in the German speaking region of Europe (see also: www.SPARKASSE.black). Business activities are regionally focused on the county of Kreis Düren. 15 cities are a part of this district comprising about 942 square kilometers. This region is quite prosperous due to a succeeding programme for population growth, a strong paper industry foundation, recently established university activities committed to cyber technologies, a center of competence status within Germany for hydrogen research and for future automotive technologies, summing up in combination with a favourable regional position in the heart of Europe. A major challenge for this region is the far-reaching structural transformation from coal mining towards clean new industries.

Dr. Gregor Broschinski

CEO (deputy), Sparkasse Düren

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Alignment with Guiding Principles

We believe it is vital to state clearly to the world the set of our beliefs about Inclusive Capitalism. As such, we start with our Statement of Guiding Principles for Inclusive Capitalism. Knowing that words alone are not enough, each of us is making a series of commitments about how we will operate our institutions so that they help achieve Inclusive Capitalism. These commitments are forward-looking statements based on current goals, expectations and assumptions, which are not guarantees of future performance. For more information, please refer to our Terms of Use

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Summary

Sparkasse Düren will provide a minimum of one million euros of financial support (donations and sponsoring) to projects relating to social welfare and sustainability by the end of 2022.

Activities & Initiatives

Social welfare and sustainability driven projects will be supported by a significant annual investment. Funds will be granted by two own financial foundations of Sparkasse Düren (environment and culture foundation, youth and sports foundation) and by Sparkasse Düren directly.

Measures & Targets

Both individuals and institutions can apply for financial support related to social welfare and responsibility. Applications can target either Sparkasse Düren‘s two financial foundations (nature- and culture foundation, youth and sports foundation) or Sparkasse Düren directly. Applications made will be reviewed by curatorship for the two financial foundations of Sparkasse Düren or by the board of management for applications directed to Sparkasse Düren itself. Financial support commitment will be measured and will be an important subject within the annual published report of Sparkasse Düren to the society. The commitment of at least one Million Euro per year will demonstrate the companies effort in supporting social welfare and sustainability.

Summary

Sparkasse Düren commits to provide asset management services in private banking that will be reviewed on a quarterly basis by an independent asset management advisor.

Activities & Initiatives

Promote sustainable wealth management services for clients through portfolio outperformance vs. benchmark in terms of sustainability scoring.

Measures & Targets

"Smart-balance asset management investment process" is focussed on achieving high scores in sustainability in comparison to its MSCI benchmark. This ensures a more sustainable portfolio composition than just following a typical market benchmark. This ongoing goal is audited and certified (proven sustainability) quarterly by an independent institution (Institute for wealth creation (IVA), Munich). Thus, IVA is granting a testimonial for portfolio quality in terms of sustainability. Results of Sparkasse Düren smart-balance investment process are transparent for public review on a quarterly basis.

Summary

Sparkasse Düren will promote sustainability by signing a comprehensive self-commitment for sustainable management and will publish progress for public review in an annual report.

Activities & Initiatives

Promoting sustainable management in accordance with the German codex of sustainability and the GRI standards of the global reporting initiative. Core issues are strategy, process management, resources management and society. This strategy is obviously aligned to the companies core Claim "It's about more than just money !".

Measures & Targets

Promoting sustainable management in accordance with the German codex of sustainability and the GRI standards of the global reporting initiative. Core issues are strategy, process management, resources management and society. This strategy is aligned to the companies core Claim "It's about more than just money !".

Summary

Sparkasse Düren will reach total carbon neutrality in 2035 at latest.

Activities & Initiatives

We will promote reaching total carbon neutrality by a permanent audit of our consumption of resources. A balance sheet of carbon consumption will be tracked year to year. These data are published as a part of a public annual report of sustainability.

Measures & Targets

Total carbon neutrality will be reached in 2035 at latest.

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Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.