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Banking for Ecologial and Social Good at GLS Bank

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Banking for Ecologial and Social Good at GLS Bank

  1. 1. Banking for ecological and social good at GLS Bank Werner Landwehr Diplom Bankbetriebswirt Head of GLS Bank Berlin Sitra’s Sustainable Economy Forum Excursion to Berlin Berlin - 6th November, 2012 GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 1
  2. 2. a brief presentation of … … GLS Bank Berlin future human economic collective transpar ent conveniently awareness human sense GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 2
  3. 3. a brief presentation of … … GLS Bank Bochum GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 3
  4. 4. a brief presentation of … … GLS Bank How money is going with Bochum us ... On the facade you will find a large banner...  Money is like the sea water. The more of them you will drink, the thirstier you will be.  Money makes you beautiful.  Money is realized spirit.  Money may be the dish for many but not the core.  A business that is worth anything as money is not good business.  Make money your god and it will be plague you like the devil.  A rich man is often only a poor man with lots of money … and what we can do with it. GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 4
  5. 5. 1. Introductory Remarks Crucial Question: …honestly… ...Fundametal Value or Marketing? GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 5
  6. 6. AGENDA AGENDA 1. Introductory Remarks 2. Ethical Investment Opportunities 3. Meaningfull Loan Business GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 6
  7. 7. 1. Introductory Remarks What is different about GLS Bank? Our guiding principle: Money is to serve people, money is there for the people GLS Bank is the first social-ecological universal bank in the world. GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 7
  8. 8. 1. Introductory Remarks Our Motivation » “Fears that we have for the future can only be overcome by images of a future we want.” [Wilhelm Ernst Barkhoff, Founder of GLS Bank] GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 8
  9. 9. 1. Introductory Remarks Our guiding Consistency principles To evaluate the impact on lending to the world ... Transparency To report publicly on all lending ... Responsibility To give the oppurtunity to self-determined participation ... .. that makes sense GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 9
  10. 10. 1. Introductory Remarks Consistency „To evaluate the impact on lending to the world ... ...our guiding ...from the “magic triangle” to a “magic square”. principles Real use / social & ecological interest / yield liquidity / availability security / risk GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 10
  11. 11. 1. Introductory Remarks Transparency „Publishing every loan given.“ ...our guiding principles social economy living & education environment GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 11
  12. 12. 1. Introductory Remarks Responsibility The GLS Bank is a cooperative bank. …our guiding principles 25.000 members build the basis of the bank and … ►… enable the social/-ecological loan business with their capital ►… do have one vote each - regardless of their amount Cooperative of cooperative shares bank „Participate independently.“ GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 12
  13. 13. 1. Introductory Remarks Sustainability » The basis for our work is to respect the entirety and to care about a peaceful coexistence of all cultures, that are based on individual freedom and responsibility. We take the human being serious in its entirety of body, soul and spirit. We define environment holistically in the sense of a life supporting unit of nature and development of civilization. Our acting shall preserve the life chances of our and the following generations and support their development. [from the mission statement of the GLS Bank] GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 13
  14. 14. 1. Introductory Remarks Understanding of sustainability Profit Version 1 People Planet Version 2 People Planet Profit GLS Version Humane Forward-looking (People) (Planet) Profit GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 14
  15. 15. 1. Introductory Remarks Manage money To deal conciously with money means: sustainably  Sustainable shopping  Use of fair and safe transaction environments  Invest in socially sustainable and fair projects  Maintain a high degree of transparency  Ignore mixed prices  Choose associate partners counciously  Use money counciously to shape society  Act value based GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 15
  16. 16. 1. Introductory Remarks Ideas about Why are we economically active? economy  to earn money?  to make profits?  to sell non-value adding products to customers?  to make people more greedy?  to pass time? Is something missing here? GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 16
  17. 17. 1. Introductory Remarks Ideas about Economy serves... economy  to meet the needs of all people Goal  for conserving creation Method  to make profit Measurement Acting economically is always directed to another person... To focus only on your own interests is an illusion. It is neither helpfull nor usefull! GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 17
  18. 18. 1. Introductory Remarks Ideas about Needs do not equal desires! economy  Needs are directly correlated to a person.  Satisfaction of needs is always a sort of consumption  The wish of having rights is a desire not a need.  Wealth may be a wish - but not a need. GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 18
  19. 19. 1. Introductory Remarks Basic human needs Energy Health Money Nutrition Education Housing Money serves as an activating element for individual and social fileds of development GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 19
  20. 20. 1. Introductory Remark What’s the problem with Money? 212 Trillion USD approx.. 158 Trillion € GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 20
  21. 21. 1. Introductory Remarks What’s the Growth of gross world product since 1980 Ø 6,3 % p.a problem with (have been in 30 years from 100 units 630) Money? 2010 approx. 56.000.000.000.000 € 56 trillion Euro Nominal growth of capital worldwide Ø 9,9 % p.a. (have been in 30 years from 100 units 1.700) 2010 approx. 158.000.000.000.000 € 158 trillion Euro Growth of global financial debt Ø 10,6 % p.a. (have been in 30 years from 100 units 2.060) 2010 approx. 198.000.000.000.000 € 198 trillion Euro GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 21
  22. 22. 1. Introductory Remarks What’s the It is inevitably true: problem with ► One man's debts are the other´s assets. Money? ► Liabilities and assets are two sides of the same coin and both sides are of equal value. Global capital accumulation by ► concentration of wealth ► interest, greed for yield and speculation ► Monetization of social relationships (capital funded) ...leads to greater wealth, which inevitably leads to increasing debts. GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 22
  23. 23. 1. Introductory Remarks What’s the Since real values arise only from productive work one has to problem with assume that the workers of this world are not able to Money? generate the returns the global debt requires as service. Notice: Money does not work! You can not eat money! GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 23
  24. 24. 1. Introductory Remarks What’s the Find solutions.... problem with Money? • if you expand the boundaries of reality • if you expand the dimension of time • and if you take more personal responsibility ... to look at things from a greater distance. GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 24
  25. 25. 1. Introductory Remarks What’s the What can we do? problem with • give away your wealth Money? • property tax (= political pressure for donation) • investment in people (for example, education) • tax on financial transactions, tax on the circulation of financial values (slow down) GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 25
  26. 26. 1. Introductory Remarks Anual report 2011 Inspiring collective Sense Human Organic Values Culture Energy Hapiness Design GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 26
  27. 27. 1. Introductory Remarks Management Board GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 27
  28. 28. 2. Ethical Investment Opportunities GLS Bank GLS Bank GLS Equity Business GLS Treuhand ► Deposits ► Investment funds, ► Individual foundations, ► Financial Investments direct equity holding and inheritances and donations ► Loans equity funds ► Foundation funds (e.g. ► Insurance agriculture, development ► Monetary Transactions, aid) Current accounts Bank Equity capital Foundation Business volumen: Equity capital: Business volume: ca. 75 approx. 224 mill. EUR mill. EUR approx. 2.262 mill. EUR Allocation: ca. 6,3 mill. EUR Total assets GLS Bank: approx. 2,56 bn. EUR Last update: 31.12.2011 GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 28
  29. 29. 2. Ethical Investment Opportunities Banking service Funds/Deposits Funding/Financing  Savings and investment  Loans products, current  Cost-recovery loan accounts, overnight deposit accounts  green private mortage funding  Pension plan  Funds  Microcredits  Wealth management Monetary Transactions Insurance  Giro account -private  Pension insurance  Giro account -business  Disability insurance  House bank  Corporate pension scheme (Last update 31.12.2012) Balance sheet total GLS Bank: approx. 2,26 bn. Euro (2,43 bn Euro incl. Depot B) Update 21.09.2012 Balance sheet total approx. 2,6 bn. € (+ 330 mill. € + 15 %) Balance sheet total approx. 2,8 bn. € incl. Depot B (+ 367 mill. € + 15 %) GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 29
  30. 30. 2. Ethical Investment Opportunities Facts:  approx.116 million EUR equity Updated 31.12.2011  approx. 33 million EUR cooperative business assets  approx.21.600 members  on average 1.500 EUR per member GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 30
  31. 31. 2. Ethical Investment Opportunities Facts:  approx.116 million EUR equity 31.12.2011 158 mill. + 24 % 21.09.2012  approx. 33 million EUR cooperative business assets 52,8 mill. + 81 %  approx.21.600 members 26.424 + 22 %  on average 1.500 EUR per member 2.000 + 33 % GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 31
  32. 32. 2. Ethical Investment Opportunities balance sheet customer deposits loan portfolio GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 32
  33. 33. 2. Ethical Investment Opportunities Investment Funds & security paper criteria  Application of positive and negative criteria  Sustainability research of all issuers  Investment comitee  “GLS Anlageuniversum” Sustainability  Use of humane, forward looking und economic criteria GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 33
  34. 34. 2. Ethical Investment Opportunities GLS Members  Build the base for our social-ecological banking service  Have one vote each – regardless of their amount of cooperative shares  Build a community with common values  Contribute to change the structure of financial markets  Gain three times - human, forward looking und economicaly GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 34
  35. 35. 2. Ethical Investment Opportunities Our members  question things. and  are politically interested. customers…  are interested in culture, education and ecology.  emphasise healthy nutrition.  are active members in the society.  are aware of challenges and contradiction of living a sustainable lifestyle. GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 35
  36. 36. 2. Ethical Investment Opportunities Achieve something jointly that can´t be achieved alone. GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 36
  37. 37. 3. Meaningfull Loan Business 17.480 loans with a volume of 1.122,5 mill. Euro (31.12.2012) Update 21.09.2012 : 1.322,0 mill. € (+ 199,5 mill. €) + 17,8 % Facilities for the handicaped 8,5% 7,7% Living projects for the aging Free-structured schools and Kindergartens 13,8% 26,6% Renewable energies Accomodation 8,8% Green private mortage funding 9,7% 4,0% Organic farming Culture 4,3% 10,8% Organic businesses Other 3,6% 2,2% Health Last update: 31.12.2011 GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 37
  38. 38. 3. Meaningfull Loan Business We invest in… … Education Emil-Molt-School Calw – a joint place for learning GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 38
  39. 39. 3. Meaningfull Loan Business We invest in… … Health/ Life in old age Hermann Keiner Haus e.V. - Dortmund GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 39
  40. 40. 3. Meaningfull Loan Business We invest in… …facilities for people with disabilities Troxler-House in Wuppertal – Sheltered Workshop GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 40
  41. 41. 3. Meaningfull Loan Business We invest in... … culture and art Master violin-maker Dominik Hufnagl – a fine-sounding investment GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 41
  42. 42. 3. Meaningfull Loan Business We invest in… … housing projects Housing project Hegelstraße 7 GmbH – common property instead of private GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 42
  43. 43. 3. Meaningfull Loan Business We invest in… … organic sector Organic food GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 43
  44. 44. 3. Meaningfull Loan Business We invest in… … organic farming Farm Weggun –organic berries GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 44
  45. 45. 3. Meaningfull Loan Business We invest in… … renewable energy SINNVEST and Densys – Consulting, Planning and Building of PV- Plants GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 45
  46. 46. 3. Meaningfull Loan Business New loans in 2011- anual report 7.811 debtors - – located in over 4.494 places in Germany GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 46
  47. 47. Awards - Thank you! Our awards  „Bank of the year“ 2010, 2011 & 2012 (Börse Online und n-tv)  “German Fairness Prize” 2011 (Thomas Jorberg)  Querdenker Award 2011  Best housing financing & availability by phone 2011 (Survey by €uro Magazine for "Best Bank“ Award)  “Social Entrepreneur for Sustainability” 2010 (Falk Zientz)  Marketing Award Bochum 2010  Bank21 Innovation Prize 2010  B.A.U.M. Umweltpreis (Enivronment Prize) 2010  The New Economy – Sustainable Bank of the Year 2009  Future Award: Verantwortung Unternehmen 2009 “best house bank, bank of the  portfolio institutional 2009 year, best giro bank account”  Standard & Poors (Rating: A+) GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 47
  48. 48. Communication channels S chriftlich T elefonisch E lektronisch P ersönlich Written Telephone Internet Face-to- Form face GLS Bank +49/234/ 5797-100 kundendialog@gls.de Subsidiaries: Postfach 10 08 29 Information & Service Berlin, Bochum, 44708 Bochum www.gls.de Frankfurt, Freiburg, Fax: 0234 5797-222 +49/234/ 5797-200 Hamburg, München, Investment advisory www.gls.de/service-portal Stuttgart +49/234/ 5797-300 www.gls.de/blog Loan Service www.gls.de/facebook www.gls.de/twitter www.gls-spendenportal.de GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 48
  49. 49. Thank you very much! Werner Landwehr werner.landwehr@gls.de www.gls.de GLS Bank | SITRA Finnish Sustainable Economy Forum Excursion to Berlin – Berlin 6th November, 2012 49

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