Finances ecological projects and promotes environmental sustainability.
UmweltBank AG is a German direct bank that specializes in financing ecological projects. The bank's mission is to contribute to the protection of the environment through its business activities, aligning with the United Nations' Sustainable Development Goals (SDGs). The bank focuses on financing projects in areas such as solar energy, ecological and social building financing, wind and hydroelectric power projects, biomass projects, and ecological agriculture. It adheres to strict ecological criteria, which are monitored by an independent environmental council. UmweltBank has a total balance sheet of 6.6 billion euros and employs 332 people. It has financed over 22,500 environmental projects with favorable loan terms. The bank's financial resources are primarily derived from customer deposits, which are used exclusively for ecological lending. Recent projects and organizations financed by UmweltBank are not specified in the available sources. However, the bank emphasizes transparency and publishes an annual sustainability and business report, which includes information on its environmental impact and the projects it finances. The criteria for receiving funding from UmweltBank include adherence to ecological principles and alignment with the SDGs, particularly SDG 11 (sustainable cities and communities), SDG 7 (affordable and clean energy), and SDG 13 (climate action).