Finances ecological projects to promote sustainable development and protection.
The bank's balance sheet total is 6.6 billion euros for project financing.
**Summary of UmweltBank AG** UmweltBank AG is a German direct bank that specializes in financing ecological projects. Founded in 1994 and fully licensed in 1997, it operates with the mission of promoting sustainable development and environmental protection. **Focus Areas:** - **Sustainable Cities and Communities (SDG 11):** Financing ecological and social housing projects. - **Affordable and Clean Energy (SDG 7):** Supporting solar, wind, and water power projects. - **Climate Action (SDG 13):** Investing in biomass projects and ecological agriculture. **Financial Resources:** - The bank has a balance sheet total of 6.6 billion euros (as of 2022). - Specific project financing amounts are not publicly disclosed, but the bank focuses on providing loans for ecological projects. **Criteria for Funding:** - Projects must align with the United Nations' Sustainable Development Goals (SDGs), particularly SDGs 7, 11, and 13. - Projects are evaluated based on their ecological impact and contribution to sustainable development. **Recent Projects:** - The bank has financed various projects in renewable energy, ecological housing, and sustainable agriculture, though specific recent projects are not detailed on the available websites. UmweltBank AG is committed to transparency and sustainability, publishing annual sustainability and business reports according to the Global Reporting Initiative standards.