Strategic Sustainability Management
At an organisational level, Aareal Bank Group has assigned responsibility for sustainability management to Investor Relations – with a direct reporting line of the Group Sustainability Officer to the Chairman of the Management Board. This means we can underline the strategic importance of sustainability for our corporate philosophy, steer its practical implementation at the highest level and ensure that material ESG information are incorporated in the communication with our stakeholders.
Sustainability in close cooperation with the individual divisions
The Sustainability Committee is composed of representatives from Strategy, Portfolio Management & Controlling, Sales, Credit Management, Risk Management, Workout, Housing Industry, Investor Relations, Finance, Treasury, Compliance, Human Resources, Facility Management, Purchasing and Corporate Communications. The Sustainability Committee, which was established back in 2012, serves as Aareal Bank Group's central management body for sustainable development. It meets regularly once a quarter and on an ad hoc basis in special cases, and performs primarily the following key tasks:
- Coordination of overarching sustainability activities among the different divisions within Aareal Bank Group’s organisations,
- Discussion of sustainability trends and stakeholder requirements/expectations and corresponding updates to the materiality matrix,
- Development of proposals for enhancing the sustainability mission statement and sustainability management,
- Continuous enhancement of the sustainability programme and intra-year implementation of the measures resolved including the monitoring of target achievement by Committee members