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CSCP Appointed to the Sparkasse Wuppertal Sustainability Committee

Banks and other financial institutions have been increasingly in the spotlight in the face of growing expectations related to their role in addressing environmental, social, and governance (ESG) concerns. The Coronavirus pandemic has brought certain sustainability aspects, such as emergency readiness or resilience capacities, even more to the fore. To be fit for a changing world and proactively engage in higher social and environmental aims, Sparkasse Wuppertal has set up its Sustainability Committee, to which Michael Kuhndt, CSCP Executive Director, has been appointed.

The committee members, which are experts in the fields of business and science, will advise the Sparkasse Wuppertal Board of Management on topics such as sustainable mobility, environmental protection, social responsibility, and the future of work. In a mission statement released after the kick-off meeting, the committee members noted that their work will focus on improving the social, economic and ecological sustainability impact of Sparkasse Wuppertal by offering concrete proposals.

“We want to gradually improve our social, economic and ecological sustainability impact in our customer business, in our own operations, and in our support of community tasks. In order to achieve this goal, we are also relying on external impetus. On impulses from people who bring experience, knowledge and passion in the areas of climate and environmental protection and sustainable business.”, shared Gunther Wölfges, Chairman of the Board of Sparkasse Wuppertal.

“In today’s world, financial institutions have to make environmental, social, and governance (ESG) considerations an integral part of their risk assessment, product design, and overall business strategies. The CSCP will constructively engage in a dialogue to support Sparkasse Wuppertal in advancing its sustainability agenda in ways that benefit employees, clients, and society alike.”, stated Michael Kuhndt, CSCP Executive Director.

The Sustainability Committee will meet twice a year with the Board of Management of Sparkasse Wuppertal and other employees and it will act independently.

For further information, please reach out to Michael Kuhndt.