CSR

Corporate Social Responsibility

CSR Mission Statement

"Success and value creation are goals for every company. But for BAWAG Group, success does not mean doing business at the expense of an intact, peaceful and livable world. With this in mind, we have developed an ethical framework that supports and guides us in pursuing our business strategies. This is how we embody and uphold our committment to corporate social responsibility. CSR is not just about moral and ecological responsibility, but also about doing business in a modern, intelligent and sustainable way."

Our CSR Engagement

Transparency International (Austrian Chapter) is active in the fight against economic and business corruption at the national and international levels. BAWAG Group is a member of the Banking and Insurance working groups as well as the Youth working Group.
www.ti-austria.at

The United Nations Global Compact is the world’s largest initiative for corporate social responsibility and sustainable development. As a signatory to the UN Global Compact since 2009, we are committed to complying with its 10 principles and publish an annual progress report. In addition, we endorsed the UN Global Compact Women’s Empowerment Principles (WEP) in October 2015. The UN Global Compact progress report now also includes the seven Women’s Empowerment Principles.
www.unglobalcompact.com

We were among the first Austrian companies to sign the Diversity Charta, thus signaling our clear commitment to taking on social responsibility. The Diversity Charta spotlights the many benefits of diversity in the economy and society and promotes dialogue between different stakeholder groups. The signatories actively commit to increasing mutual respect, tolerance, and appreciation.

Volunteering has been a fixed component of our everyday operations since 2011. Every employee can take off up to two workdays for volunteer work and charitable activities.

"Mitten im Leben" (Part of Life): We strive to provide access to banking services for as many people as possible in Austria by actively combating social exclusion. We focus on fostering a strong local presence, expanding our digital offerings, providing easy-to-understand and transparent products and ensuring accessibility in our advisory and customer service.

The “New Chance” Account was introduced in 2009 and is designed for people who otherwise would be excluded from public electronic payment transactions. The account works just like the conventional KontoBox Basis, except that it is offered as a current account with no credit facility. Neither the IBAN nor the BIC contain any indications that it is a non-credit account. This prevents customers from being directly or indirectly stigmatized or discriminated against when executing their financial transactions. In terms of the idea and design, the “New Chance” Account is in many respects a predecessor to the basic payment account for consumers that was introduced by law across the EU in September 2016. This account is based on the EU Payment Account Directive and is also offered by us.

CSR Reports

A CSR report helps a company to present a transparent, balanced picture of its ecological and social activities to the public. It shows how a company lives up to its responsibility in the areas of governance and economy, social issues, and the environment and climate protection, and how this contributes to its long-term business success.

CSR Reports of BAWAG Group

CSR Report 2017

Prior CSR Reports of BAWAG P.S.K.