GLS Bank warns: armor investments are not a sustainable solution

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Von: NAG Redaktion

Die GLS Bank lehnt Investitionen in die Rüstungsindustrie ab und warnt vor der Aufweichung des Nachhaltigkeitsbegriffs durch die mögliche Klassifizierung von Rüstungsgütern als nachhaltig. Aysel Osmanoglu, Vorstandssprecherin der Bank, betont, dass Waffenproduktion und Krieg nicht nachhaltig sind. Stattdessen plädiert die Bank für Investitionen in eine Friedenswirtschaft, die auf den Grundbedürfnissen der Menschen basiert. Erfahren Sie mehr über die Haltung der GLS Bank zur Verteidigungsindustrie und ihren Ansatz für nachhaltige Geldanlagen.
The GLS Bank rejects investments in the armaments industry and warns of the possible classification of armaments goods as sustainable. Aysel Osmanoglu, spokeswoman for the bank, emphasizes that arms production and war are not sustainable. Instead, the bank advocates investments in a peace industry based on the basic needs of the people. Find out more about the GLS Bank's attitude to the defense industry and its approach for sustainable investments. (Symbolbild/MB)

sustainability in the financial world: the debate about armaments investments

In the current discussion about sustainable investments, the armaments industry is increasingly targeted. While parts of politics and financial sectors are aiming for a reassessment, the GLS Bank steadfastly remains in its position to exclude armaments from their investment portfolio.

The background of this debate is complex. A well -known strategy paper from the federal government suggests that armor investments could soon be classified as sustainable. This classification could lead to companies from the security and defense industry have access to capital markets based on ESG criteria (environment, social affairs, corporate management). The German Fund Association BVI supports this approach and sees a step towards the EU standardized minimum requirements for sustainable funds.

Aysel Osmanoglu, CEO of GLS Bank, expresses great concerns about this development. She warns that the mere softening of the term "sustainably" undermines the integrity of ESG investments. "People who establish ethical beliefs to their investments could be misleaded," she explains. Osmanoglu emphasizes that armaments are not sustainable - neither from an ecological nor from a social perspective.

In addition, the problem of a potential increase in armaments production is addressed. "The view of capital management could lead to armaments companies increase their production. The assumption that only produces defensively is a dangerous illusion," warns Osmanoglu and demands a clear delimitation of sustainable investments.

The importance of this topic extends beyond the financial framework and touches central values ​​of our society. GLS Bank sees its responsibility to invest in sustainable projects that serve people's social needs. These include affordable living space, renewable energies as well as education and culture.

Overall, it is necessary to set the course for a really sustainable economy. An estimated investments of 50 to 70 billion euros are required annually in order to implement change into a socially just and ecological economy. The GLS Bank, founded in Bochum in 1974, remains a pioneer in this movement and speaks out for a peace management that is in the service of humanity.

In order to anchor the desired change in the long term, however, a collective rethink is required. Political actors and financial institutions are called to pursue a clear line, the sustainability not only sees as a keyword, but as a principle.

The discussion about armaments investments is not only a question of financial policy, but also a fundamental question about the values ​​that our society lead. Committed citizens and responsible investors are now asked to actively contribute to this debate and to fight for sustainable alternatives.