11. Usage of Natural Resources

The company discloses the extent to which natural resources are used for the company’s business activities. Possible options here are materials, the input and output of water, soil, waste, energy, land and biodiversity as well as emissions for the life cycles of products and services.

Rentenbank is committed to using natural resources carefully. Negative impacts on the environment should be avoided if possible, consumables should be used efficiently and resources should be acquired from regenerative or sustainably managed sources.

Energy
In 2020, Rentenbank used 102.783 m³ of gas (133,315 m³ in 2019), 723,364 kWh of electricity (833,260 kWh in 2019) and 23,032 l of heating oil (16.581 l in 2019).

Paper
In 2020, Rentenbank used 1,178,000 pages of photocopy paper (1,433,300 pages in 2019), 60,000 padded envelopes C4, C5, C6/5 and B4 (58,000 in 2019), 12,000 rolls of toilet paper (13,000 rolls in 2019); 384 rolls and 1,110 packets of rolls and folded towels (630 rolls and 555 packets in 2019).

Water and sewage
Rentenbank is making an effort to continually reduce water consumption. All our water intake is from the local water supply. We use the existing public infrastructure for our waste water.

We were able to reduce our water consumption from 5,648 m³ in 2019 to 3,346 m³ in 2020. Per capita consumption in 2020 was 9.755 litres, so theoretically each employee used 48% less water. However, significantly fewer employees were present in our building due to the COVID-19 pandemic. A large part of the reduction may be attributed to this. Savings in comparison with 2019 will also be made in the future due to the modernisation of our building.

Rentenbank disposes of its waste water into the public sewage infrastructure. This consists of household waste water.

Fuels used by our fleet
Rentenbank makes use of 13 fleet vehicles. In 2020, we are pleased to say that there was a reduction in fuel consumption of 17% (5,513 l motor fuel in 2020; 6,618 l motor fuel in 2019). Nevertheless, the main driver for this reduction was the COVID-19 pandemic, therefore we cannot reckon with a consistently low level in the future.

Refuse
We did not have any hazardous waste. Non-hazardous waste such as non-recyclable waste, organic waste or packaging increased compared to the previous year (93.87 t in 2019, 115.43 t in 2020). The proportion of paper, cardboard and cardboard boxes increased from 16.5% in 2019 (15.54 t) to 29.19% in 2020 (33.7 t). The increase is due to the move and the associated disposal of old documents.

12. Resource Management

The company discloses what qualitative and quantitative goals it has set itself with regard to its resource efficiency, in particular its use of renewables, the increase in raw material productivity and the reduction in the usage of ecosystem services, which measures and strategies it is pursuing to this end, how these are or will be achieved, and where it sees there to be risks.

Rentenbank’s banking operations at its sole site in Frankfurt am Main with its comparatively low number of employees have a minimal impact on the environment. Nevertheless, Rentenbank strives to constantly reduce its ecological carbon footprint. Rentenbank is implementing internal measures to continually improve its resource management through its environment programme.

One of Rentenbank’s core objectives within its operational protection of the environment is to considerably reduce the consumption of energy. Since autumn 2020, Rentenbank has been embarking on a comprehensive modernisation, expansion and energy-oriented refurbishment of its listed building. We have set ourselves the goal of preserving our architectural monument, which was built in the 1950s and which will create a striking architectural ensemble for many years to come. The main style-defining elements of the building, such as the contemporaneous 'flying roof', the structured natural stone facade and the open stairwell, will all remain intact. Despite the special challenges involved with the refurbishment of our listed building, we have been attaching great importance to energy efficiency and efficient consumption of resources during the planning stage.

Paper counts among one of the most important consumer goods used by a bank. Rentenbank is succeeding in its efforts to reduce consumption. It is sensitising employees to the environmental impact of the use of paper and digitalising paper-based processes. Due to this digitalisation, Rentenbank has reduced its consumption of photocopy paper by around 18% in 2020, compared with 2019.

Only certified photocopy paper (FSC and a small proportion of the ecolabel Blauer Engel) and certified envelopes (FSC) are used. In the case of publications printed externally, only FSC-certified paper is used, i. e., no ECF, TCF or elementary chlorine-bleached paper is used. To this effect, we furthermore only work with printers who use carbon-neutral materials – an additional contribution to Rentenbank’s carbon neutrality. We only use hygiene products made from recycled materials.

Rentenbank will be switching its fleet over to electric vehicles over the next few years. For this reason, we have installed a charging station at our company parking lot in 2020. In 2021, we will be putting a second charging station into operation.

We have planned the following specific measures for 2021:
Due to our move and the COVID-19 pandemic, Rentenbank will likely be able to first generate reliable figures for the 2022 financial year as a basis for the interim building at Theodor-Heuss-Allee. By the time we move back to our building at Hochstraße, we aim to have started identifying potential savings in our banking operations and optimising our business processes in manners which preserve resources. Defining quantifiable target values for the renovated building at Hochstraße is then to take place in the first year after we have moved back and when we will be able to make an initial basic assessment.

Additional measures
In 2020, a working group within Rentenbank was set up for operational ecology and procurement. The working group and the entire ESG team are looking at proposals for a decision to be taken by the steering committee and the Management Board, with particular regard to quantitative objectives and the embedding of management systems.

When we purchase office supplies, we pay attention to the sustainability standards of paper. As a result, a major proportion of the office supplies are made from recycled and sustainable materials.

In our internal catering, we buy food which is in season and locally sourced. It is of particular importance to the Bank to be able to offer its employees healthy and sustainable dishes at appropriate prices. In autumn 2020, we also installed a new conveyor dishwasher with a special low energy and water consumption feature so we could make our catering even more sustainable.

Risks
The use of resources in Sustainable Banking is limited to normal office use. As we know all our suppliers, no risks were identified here. Within Sustainable Banking, risks do arise in our special promotional loans business which could have a negative effect on resources and ecosystems (cf. materiality analysis).

Key Performance Indicators to criteria 11 to 12

Key Performance Indicator GRI SRS-301-1: Materials used
The reporting organization shall report the following information:

a. Total weight or volume of materials that are used to produce and package the organization’s primary products and services during the reporting period, by:
i. non-renewable materials used;
ii. renewable materials used.

Consumption of photocopy paper  2019; 1,433,300 pages 2020; 1,178,000 pages
Use of padded envelopes C4, C5, C6/5 and B4  2019; 58,000 items 2020; 60,000 items

Toilet paper  2019; 13,000 rolls 2020; 12,000 rolls 
Roll towels and folded towels  2019; 630 rolls and 555 packages 2020; 384 rolls and 1,110 packages

Cf. criterion 11

Key Performance Indicator GRI SRS-302-1: Energy consumption
The reporting organization shall report the following information:

a. Total fuel consumption within the organization from non-renewable sources, in joules or multiples, and including fuel types used.

b. Total fuel consumption within the organization from renewable sources, in joules or multiples, and including fuel types used.

c. In joules, watt-hours or multiples, the total:
i. electricity consumption
ii. heating consumption
iii. cooling consumption
iv. steam consumption

d. In joules, watt-hours or multiples, the total:
i. electricity sold
ii. heating sold
iii. cooling sold
iv. steam sold

e. Total energy consumption within the organization, in joules or multiples.

f. Standards, methodologies, assumptions, and/or calculation tools used.

g. Source of the conversion factors used.

102,783 m³ gas (calculated at conversion factor 0.9608 and average heating value of 11,36171 in 2020)
23,032 l heating oil
4910 l petroleum (car)
602 l diesel (car)
723,364 kWh electricity consumption
The use of cooling agents is negligible and is therefore not captured.

Key Performance Indicator GRI SRS-302-4: Reduction of energy consumption
The reporting organization shall report the following information:

a. Amount of reductions in energy consumption achieved as a direct result of conservation and efficiency initiatives, in joules or multiples.

b. Types of energy included in the reductions; whether fuel, electricity, heating, cooling, steam, or all.

c. Basis for calculating reductions in energy consumption, such as base year or baseline, including the rationale for choosing it.

d. Standards, methodologies, assumptions, and/or calculation tools used.

  Gas Electricity Petroleum Diesel Heating oil
2020 102.783 m³
(4.214.103 MJ)
723.364 kWh
(2.604.110 MJ)
5.393 l
(175.216 MJ)
1.225 l
(43.825 MJ)
23.032 l
(866.003 MJ)
2019 133.315 m³
(5.465.915 MJ)
833.260 kWh
(2.999.736 MJ)
4.910 l
(159.540 MJ)
602 l
(21.568 MJ)
16.581 l
(623.446 MJ)

In 2020, overall energy consumption was at 7,903,257.2 MJ (9,270,203.6 MJ in 2019). Overall energy consumption in 2020 fell by 1,366,946.4 77 MJ, compared with 2019.

The prior year of 2019 was selected as a base year, in which all required indicators were captured. We used the conversion table at https://www.energie-umwelt.ch/tools/835-einheiten-umrechner-fuer-verschiedene-heizenergie to convert m3 of gas, heating oil in litres and kWh of electricity into Joules.

We used the conversion table at https://www.umrechnung.org/masseinheiten-energie-umrechnen/einheiten-umrechner-energie-energy.htm to convert kWh of electricity into Joules.

We used the conversion table at https://bdbe.de/daten/umrechnung-und-formeln for the heating value to convert the fuel used by our cars into Joules.

Key Performance Indicator GRI SRS-303-3: Water withdrawal
The reporting organization shall report the following information:

a. Total water withdrawal from all areas in megaliters, and a breakdown of this total by the following sources, if applicable:
i. Surface water;
ii. Groundwater;
iii. Seawater;
iv. Produced water;
v. Third-party water.

b. Total water withdrawal from all areas with water stress in megaliters, and a breakdown of this total by the following sources, if applicable:
i. Surface water;
ii. Groundwater;
iii. Seawater;
iv. Produced water;
v. Third-party water, and a breakdown of this total by the withdrawal sources listed in i-iv.

c. A breakdown of total water withdrawal from each of the sources listed in Disclosures 303-3-a and 303-3-b in megaliters by the following categories:
i. Freshwater (≤1,000 mg/L Total Dissolved Solids);
ii. Other water (>1,000 mg/L Total Dissolved Solids).

d. Any contextual information necessary to understand how the data have been compiled, such as any standards, methodologies, and assumptions used.

Cf. criterion 11: All our water intake is from the local water supply. We use the existing public infrastructure for our waste water.

We were able to reduce our water consumption from 5,648 m³ in 2019 to 3,346 m³ in 2020. Per capita consumption in 2020 was 9.755 litres, so theoretically each employee used 48% less water. However, significantly fewer employees were present in our building due to the COVID-19 pandemic. A large part of the reduction may be attributed to this. Savings in comparison with 2019 will also be made in the future due to the modernisation of our building.

Rentenbank disposes of its waste water into the public sewage infrastructure. This consists of household waste water.

Key Performance Indicator GRI SRS-306-3: Waste generated
The reporting organization shall report the following information:

a. Total weight of waste generated in metric tons, and a breakdown of this total by composition of the waste.

b. Contextual information necessary to understand the data and how the data has been compiled.

Refuse
No hazardous waste was accrued. The overall weight of non-hazardous waste in 2020 amounted to 115.43 t.

Rentenbank has a certified waste disposal firm collect, transport and, if at all possible, recycle its refuse. When granting its contracts, it checks that the distances involved in transporting the waste are as short as possible.

Non-hazardous waste such as non-recyclable waste, organic waste or packaging increased versus the previous year (93.87 t to 115.43 t). The proportion of paper, cardboard and cardboard boxes increased from 16.5% in 2019 (15.54 t) to 29.19% in 2020 (33.7 t). The increase is due to the move and the associated disposal of old documents.

13. Climate-Relevant Emissions

The company discloses the GHG emissions in accordance with the Greenhouse Gas (GHG) Protocol or standards based on it and states the goals it has set itself to reduce emissions, as well as its results thus far.

Rentenbank subscribes to the goals of the UN climate conference in Paris 2015 (COP 21), which aims to limit global warming to significantly below 2°C, and if possible, 1.5°C compared to pre-industrial times. The quantifying of decarbonisation goals with an appropriate schedule will be made by the end of 2021.

Climate-friendly banking operations
The main sources of emissions in our banking operation are the heating of our offices, business travel, and the use of electricity.

In its evaluations of its CO2 equivalents (CO2e), Rentenbank orients itself towards the international standards of the Greenhouse Gas Protocol and classifies them in accordance with scopes 1 to 3. These calculations relate to our site at Hochstraße 2 in Frankfurt am Main, which is Rentenbank’s only site.

Overall emissions in 2020 fell significantly from 465.84 t CO2e to 401.92 t CO2e, compared to the prior year (2019). 1.16 t CO2e and 1.51 t CO2e were emitted per employee in 2020 (347 employees) and 2019 (309 employees) respectively. This corresponds to a reduction of 23% per employee.

Rentenbank takes its binding responsibility for the environment seriously and is currently in the process of renovating its office at Hochstraße 2 in order to make its consumption of resources significantly more efficient, particularly in relation to energy. From 2021 onwards, our banking operations will run on green electricity from 100% renewable energy. It is our intention to reduce our CO2 emissions from our banking operations in the medium term as much as possible, nevertheless we also have the obligation to preserve our listed building.

Climate-friendly funding
As part of the Sustainability, Environmental and Consumer Protection and Forestry programmes, we support initiatives aimed at improving energy efficiency and reducing emissions with particularly attractive loans (at our best rates). In addition, Rentenbank supports climate-friendly energy changes through its Renewable Energy promotional programme.

Climate-friendly business travel
Rentenbank will be switching its fleet over to electric vehicles over the next few years. For this reason, we have installed a charging station at our company parking lot in 2020. In 2021, we will be putting a second charging station into operation.

Key Performance Indicators to criteria 13

Key Performance Indicator GRI SRS-305-1: Direct (Scope 1) GHG emissions
The reporting organization shall report the following information:

a. Gross direct (Scope 1) GHG emissions in metric tons of CO2 equivalent.

b. Gases included in the calculation; whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3 or all.

c. Biogenic CO2 emissions in metric tons of CO2 equivalent.

d. Base year for the calculation, if applicable, including:
i. the rationale for choosing it;
ii. emissions in the base year;
iii. the context for any significant changes in emissions that triggered recalculations of base year emissions.

e. Source of the emission factors and the global warming potential (GWP) rates used, or a reference to the GWP source.

f. Consolidation approach for emissions; whether equity share, financial control, or operational control.

g. Standards, methodologies, assumptions, and/or calculation tools used.

2020: 11,637 t CO2e from petrol (car) 2019: 12,782 t CO2e from petrol (car)
2020: 1,598 t CO2e from diesel (car) 2019: 3,247 t CO2e from diesel (car)
2020: 64.49 t CO2e from heating oil in 2019: 46,426 t CO2e from heating oil
2020: 205,566 t CO2e from gas in 2019: 266.63 t CO2e from gas

http://www.iwr.de/re/eu/co2/co2.html
Federal Motor Transport Authority (Kraftfahrtbundesamt) - specialist article: Emissions and fuels as of 15 March 2011
https://www.primaklima.org/mein-klima/mein-co2-fussabdruck/

Petrol and diesel CO2e
www.co2online.de/klima-schuetzen/mobilitaet/auto-co2-ausstoss/

The classification of the scopes is in line with the standards of the Greenhouse Gas Protocol.

Key Performance Indicator GRI SRS-305-2: Energy indirect (Scope 2) GHG emissions
The reporting organization shall report the following information:

a. Gross location-based energy indirect (Scope 2) GHG emissions in metric tons of CO2 equivalent.

b. If applicable, gross market-based energy indirect (Scope 2) GHG emissions in metric tons of CO2 equivalent.

c. If available, the gases included in the calculation; whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, or all.

d. Base year for the calculation, if applicable, including:
i. the rationale for choosing it;
ii. emissions in the base year;
iii. the context for any significant changes in emissions that triggered recalculations of base year emissions.

e. Source of the emission factors and the global warming potential (GWP) rates used, or a reference to the GWP source.

f. Consolidation approach for emissions; whether equity share, financial control, or operational control.

g. Standards, methodologies, assumptions, and/or calculation tools used.

2020: 118.63 t CO2e from electricity, 2019: 136,655 t CO2e from electricity
Overall mix of CO2 emissions from 164g/kWh electricity calculated using Mainova electricity labelling 
https://www.primaklima.org/mein-klima/mein-co2-fussabdruck

The classification of the scopes is in line with the standards of the Greenhouse Gas Protocol.

Key Performance Indicator GRI SRS-305-3: Other indirect (Scope 3) GHG emissions
The reporting organization shall report the following information:

a. Gross other indirect (Scope 3) GHG emissions in metric tons of CO2 equivalent.

b. If available, the gases included in the calculation; whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, or all.

c. Biogenic CO2 emissions in metric tons of CO2 equivalent.

d. Other indirect (Scope 3) GHG emissions categories and activities included in the calculation.

e. Base year for the calculation, if applicable, including:
i. the rationale for choosing it;
ii. emissions in the base year;
iii. the context for any significant changes in emissions that triggered recalculations of base year emissions.

f. Source of the emission factors and the global warming potential (GWP) rates used, or a reference to the GWP source.

g. Standards, methodologies, assumptions, and/or calculation tools used.

Rentenbank has not yet captured scope 3 emissions (business travel, employee commuting, print/paper and waste) in 2020.

Key Performance Indicator GRI SRS-305-5: Reduction of GHG emissions
The reporting organization shall report the following information:

a. GHG emissions reduced as a direct result of reduction initiatives, in metric tons of CO2 equivalent.

b. Gases included in the calculation; whether CO2, CH4, N2O, HFCs, PFCs, SF6, NF3, or all.

c. Base year or baseline, including the rationale for choosing it.

d. Scopes in which reductions took place; whether direct (Scope 1), energy indirect (Scope 2), and/or other indirect (Scope 3).

e. Standards, methodologies, assumptions, and/or calculation tools used.

Overall, emissions in 2020 fell significantly from 465.84 t CO2e to 401.92 t CO2e compared to the prior year (2019). 1.16 t CO2e and 1.51 t CO2e were emitted per employee in 2020 (309 employees) and 2019 (347 employees) respectively. This corresponds to a reduction of 23% per employee.

Greenhouse gas emissions have been documented since 2019 (scopes 1 and 2). Due to the brief timeframe and the special circumstances of the COVID-19 pandemic and Rentenbank’s move during the 2020 financial year, a direct comparison of the emissions calculated with those in 2019 is inconclusive and therefore cannot be attributed to specific measures.