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Helaba rules out lending to mining, other high-risk sectors

Landesbank Hessen-Thüringen Girozentrale, known as Helaba, is expanding its sustainability criteria to include its lending activities to further consolidate its corporate responsibility for the environment, the climate and society.

The German lender is ruling out financing for projects in industries with "elevated levels of risk" such as power stations, mining, oil and gas exploration and the armaments industry.

Helaba said it is already gradually reducing its exposure to coal-fired power stations and power plant coal, while supporting the energy transition by targeting its lending activities at energy-efficient, environmentally friendly technologies and renewable energy.