VP Bank - Sustainability
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Strategically anchored, responsibly implemented
Our sustainability approach contributes to our group's strategic success factors – above all a strong corporate culture, robust risk management, and a future-oriented mindset. Further information on our approach to sustainability can be found in our latest annual report.
We base our sustainability-related decisions and actions on the following principles:
- Supporting clients in achieving their sustainability targets with our product range
- Focusing on material sustainability topics that VP Bank can directly influence
- Integrating sustainability criteria into investment advisory and wealth management processes
- Cooperating and engaging in dialogue with stakeholders to drive improvements in terms of sustainability
- Communicating transparently concerning activities and progress in achieving targets
Our strategy is based on aligning with evolving market standards and regulatory expectations.
We have set sustainability targets and metrics to foster effective, targeted actions and monitor progress over time. By integrating sustainability into our business model, we aim to enhance VP Bank's financial stability, generate long-term value for our shareholders, and minimise negative societal impacts. Our policy framework ensures consistency and effectiveness across the value chain:
- Supplier Code of Conduct
- Code of Conduct for employees
- Diversity and Inclusion Policy
- Responsible Investment Policy
Focus on what matters most – in areas where we can exert direct influence and bring about measurable change.
Our double materiality assessment identified climate change, our workforce, client interests and business conduct as key priorities across our value chain. We invest in education and training to develop the expertise of our teams and ensure they are equipped to meet sustainability expectations. To promote accountability and trust, we openly communicate our activities and progress.
The methodology and detailed outcome of our double materiality assessment can be found in our latest annual report.
Committed – through active participation in public commitments and partnerships that provide guidance and promote knowledge exchange.
VP Bank is committed to responsible business practices, including adherence to human rights and labour standards and anti-money laundering regulations. By signing the following principles, we underscore our commitment:
- UN Global Compact (UNGC)
- Principles for Responsible Investment (PRI)
- Principles for Responsible Banking (PRB)
- Net-Zero Banking Alliance (NZBA)
VP Bank is committed to the Paris Climate Agreement and is implementing targeted measures to reduce in-scope emissions with the aim of achieving net zero by latest 2050. Detailed information on our greenhouse gas footprint and associated reduction targets is published in the current annual report.
Responsible – for our clients through our product offering and services.
lient trust and loyalty are decisive factors in the long-term success of VP Bank and form the basis for the Bank’s growth strategy. The suitability check for wealth management and advisory mandates as well as the affordability check in the mortgage business are the most important building blocks in terms of reducing negative impacts on the bank’s clients and thus further strengthening trust in VP Bank.