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Confidence in the business policy of Landesbank Saar (SaarLB) is heavily influenced by responsible, transparent corporate management and control focused on a sustainable increase in the value of the company. For this reason, corporate governance has always been a top priority at SaarLB.
Renewable energies, social added value and climate protection are essential areas of activity for SaarLB. Accordingly, the Bank has launched programmes for issuing sustainable bonds. In addition to the existing programme for issuing Green Bonds on the basis of renewable energies, SaarLB now intends to issue a Social Bond and a Social Covered Bond (Pfandbrief) as well. This is part of SaarLB’s sustainability programme and contributes to the ongoing expansion of SaarLB’s position in renewable energies, social infrastructure and climate protection.
The proceeds from issuing SaarLB’s Sustainable Bonds are used exclusively for eligible or suitable projects in the categories of “Renewable Energies” or “Social Infrastructure”, as laid out in the Green Bond Principles or Social Bond Principles.
Customer deposits at Landesbank Saar (SaarLB, SaarLB France) and LBS Landesbausparkasse Saar are protected by the deposit insurance system of the Savings Banks Finance Group.
The task of the deposit insurance system is to avert economic difficulties at the affiliated institutions by protecting the going concern of the member institutions.
