17. Human Rights

The company discloses what measures it takes, strategies it pursues and targets it sets for itself and for the supply chain for ensuring that human rights are respected globally and that forced and child labour as well as all forms of exploitation are prevented. Information should also be provided on the results of the measures and on any relevant risks.

Respect for human rights is entrenched as a core value at Rentenbank and serves to strengthen sustainable development. In 2020, Rentenbank drafted the Declaration by Landwirtschaftliche Rentenbank on respect for human rights and the core labour standards of the International Labour Organization (ILO), in which it professes itself explicitly to protecting human rights and adhering to the core labour standards of the International Labour Organization (ILO), and to positioning itself against forced labour, child labour and discrimination.  

As a federal public law institution with a statutory promotional mandate, Rentenbank is dedicated to the common good. As part of its responsibility to its stakeholders and society, Rentenbank professes itself to democracy, human rights and equal opportunities. Our internal documents, including the code of conduct as well as policies and procedures, reflect this obligation.

All Rentenbank employees work at one site in Frankfurt am Main. Rentenbank considers the protection of human rights to be a matter of course and goes beyond the requirements of the ILO core labour standards. In addition to fair remuneration, Rentenbank is committed to providing a healthy and attractive working environment. It offers a variety of options for further training and attaches importance to diversity, inclusion, and reconciling work and family life.

An external consultancy helped to identify risks for breaches to human rights as part of Rentenbank’s sustainability project in 2020. This especially concerned potential risks to human rights in our promotional business. Through its statutory mandate as a promotional bank for agribusiness and rural areas, Rentenbank is focused on Germany and the EU. On this basis, there are no major risks for breaches to human rights. A quantified objective is a zero-tolerance policy in relation to breaches of human rights in Rentenbank’s value chain. However, Rentenbank does not have any direct contact with end borrowers, so scope for direct exposure is limited.

As a bank, we have comparatively few suppliers and service providers, and they are mainly registered in Germany or Europe. We take ecological and ethical aspects into consideration when we make decisions on suppliers and service providers. As an authority contracting within the realms of its status as a public law institution, Rentenbank tenders contracts above fixed thresholds within the framework of procurement law across Europe. Here, the applicable legal obligations are complied with and European standards regarding human rights are safeguarded.

Due to Rentenbank’s business model, the risk of organised breaches to human rights in its value chain are categorised as being very slight. Therefore, we have not set any specific objectives.

If, despite the slight risk, human rights breaches do occur within our promotional business, HR management or banking operations, there is the option of informing the bank by using an online contact form. This way, details about the complaint can be given and any information required for the investigation can be swiftly submitted. No complaints have been raised to date in relation to breaches of human rights. Should such complaints reach Rentenbank, they will be examined immediately and measures will be taken as necessary. Measures would vary according to the type and extent of the breach.