Our engagement Discover our social and ecological footprint

We are focused on the needs of our customers. Our ambition is to be "transition enabler".

Having signed the United Nations Principles for Responsible Banking, we are committed to align our business strategy gradually with the United Nations Sustainable Development Goals as well as the Paris Climate Agreement.

The pandemic has transformed our workforce management. Our employees work remotely and customer service has moved online. The digitalisation of our Bank has had a positive impact on the environment as we have been able, for example, to reduce our paper consumption by 30%. Furthermore, going digital strengthens our competitivity, especially when facing (and partnering with) newcomers from the FinTech world. By supporting our professional clients with their innovation projects, we contribute to Luxembourg’s digitalisation. In collaboration with the European Investment Fund, we actively support our SME clients (small and medium-sized enterprises). Since 2019, we have funded digitisation and innovation projects of around 11 million euros.

In 2019 we shifted our electricity consumption to  100% renewable sources. Despite the old age of some of our buildings and their classification as historic monuments, we have managed to reduce our annual energy consumption by 45 % since 2008. When buying electric cars, our customers benefit from our preferential financing conditions.

In order to further enhance electro mobility, we have established a cooperation with ACL, Enovos and Leaseplan.

Our Spuerkeess 2025 Strategic Plan emphasizes the importance of Sustainable Development in our Corporate Strategy. An essential dimension of this strategy is the integration of environmental, social and governance (ESG) risk analysis into all our processes and activities of Spuerkeess. This analysis is supplemented by an assessment of the negative and positive impacts of our investments and financing. In order to guarantee sustainable operations, we have decided to develop - in collaboration with external experts - a proprietary ESG assessment and analysis methodology for the different types of asset classes.

Our ESG analysis methodology is based on 4 main pillars; the transparency and quality of ESG indicators and data and their compliance with regulations (1), material ESG criteria relating to the business sector (2), an in-depth analysis of the climate impact (3) and the definition of sector benchmarks (4).

With the younger generation being affected by the effects of the current crisis, we have partnered with the Youth and Work initiative. The our common objective is to support young people in their search for a job or an apprenticeship. In 2020, 8 out of 10 young requesting help, found a job. In 2020, we also financed social housing and socio-educational projects.

Since 2006, we have signed several charters highlighting our determination to be a socially and environmentally responsible bank.

We are aware that the transformation towards sustainable banking is a long-term trajectory. In the short term, we will have to succeed in: