In addition to the breakdown above, there are other areas where we want to make a big effort going forward. For example, we aim to place all corporate investments and cash in climate-friendly banks.
For 2022, we switched to UniCredit Bank Austria’s Go-Green business account, which has sustainable financial product certification from The Austrian Ecolabel. The account strictly excludes investments in (among other things) armaments, coal extraction and technologies powered by fossil fuels. Given the limited choice of green business bank accounts in the Austrian market, we see this as a promising first step in mitigating the negative climate and social impacts of conventional bank account alternatives.
According to Austrian Law, each employer has to pay 1,53% of wages into an employee pension fund. Glacier chose the Fair Finance sustainable pension fund. If you’re interested in a more detailed definition of what that means, take a look at their sustainability report.