GOOD PRACTICE EXAMPLE
| Country: | Germany |  |
|---|---|---|
| Product group: | Green Power | |
| CO2 Savings: | 82 tons/year |
The GLS Bank was founded in 1974. Since then it focuses on ethical, social and ecological projects which try to tackle challenges in our society by developing creative solutions. What distinguishes the bank is not only the fact that the bank invest the savers’ money responsibly, but also that savers with GLS can chose the area in which their money will be invested. Details of all initiatives that receive loans are published in its magazine “Bankspiegel”, together with information on the development of the bank itself. GLS also offers a wide range of financial offers: current accounts, investment funds, membership, and trust foundations.
Institutional details
| Address: | Christstr. 9, 44789 Bochum |
|---|---|
| Contact Person: | Annette Bohland |
| Function: | Leading Marketing Manager |
| Phone: | +49 0234 / 5797-236 |
| Fax: | +49 0234 / 5797-222 |
| E-mail: | |
| Website: | www.gls.de |
| Number of employees: | 190 |
One of the objectives the GLS Bank is financing civic engagement. It demonstrates its responsible handling of money in the procurement of electricity, where the decision was made for 100% green power.
Procurement process
The executive board decides on the procurement of electricity. The technical/purchase manager prepares the decision, which affects all of the five GLS locations.
Measures
In the sustainability report the GLS Bank has committed itself to reduce the consumption of resources and to act environmentally friendly. Thereupon the decision for 100% green power is based, which it purchases from the electric power station Schönau (EWS).
EWS has combined the strictest criteria of the “Grüner Strom Label“ and of the “ok-power“-label. The TÜV Nord guaranteed compliance with the criteria. On the basis of this certificate GLS Bank renews its utility supply contract with EWS.
Success
By purchasing green power GLS Bank saves 82 tons of CO2 emissions per year.
