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.
In view of essential ecological aspects, OLB pursues the aim of constantly reducing both the energy and paper consumption and its CO2 emissions. Over the past years, it has already achieved an improvement of the resource efficiency in many areas by a careful use of materials and by raising the awareness of employees for these topics.
The reduction of CO2 emissions is, inter alia, the consequence of the reduction of the number of branches which is part of the Bank’s strategic plans. This factor also has a consumption-reducing effect in terms of energy. Moreover, the Bank prefers that business trips are made by train, instead of by car or airplane, however, almost no business trips occurred during the continuing Corona pandemic. For the refurbishment and reconstruction measures which are regularly made in the entire network of locations, the Bank uses increasingly energy-efficient LED technology. In general, the Bank’s plans are to gradually change over their entire lighting, including the advertising systems working with light, to LED technology. The Bank was and is, for the time being, unable to set concrete objective or to verify the achievement of the objectives due to the other banks which were migrated to OLB.
The planned significant reduction of paper consumption still benefits from developments which OLB initiated a longer time ago. Printing and shipping could be saved in the past years thanks to the introduction of electronic mailboxes in the year 2011. This trend will continue in the course of its end-to-end digitalisation effort. The wide use of eSignPads since the year 2017 contributes to a lower consumption of paper. Each employee is responsible for using the double-page printing function which is available in the modern printer park of the Bank.
According to the Bank’s opinion, any risks which might cause the Bank to fail the objectives in the field of resource efficiency arise mainly from external factors not belonging to the Bank’s spheres of influence. It is, for example regulatory obligations which resulted in some fields to a rising need for paper and thus counteracted the Bank‘s saving efforts. Another example relates to the consumption of heating energy which is highly subject to fluctuations caused by the weather conditions (see also the performance indicator GRI SRS-302-4 Reduction of Energy Consumption).
The audit process for the implementation of the environmental measures mentioned above as examples comprises a predominantly monetary cost controlling at the moment for technical and capacity reasons. Any expansion of the process will be verified by the Bank in the context of the sustainability initiatives currently planned by the Bank.