Sustainability. Responsibility for tomorrow.

Varengold Cares

Varengold cares

Our commitment to a sustainable future.

Without real sustainability, there will be no commercial basis for Varengold Bank in the long-term or a desirable future for the people who work for us and whom we care about. This is why we are committed to sustainability. On the long road to our goal, we are focusing primarily on environmental and social issues. We are guided in the process by the conviction that there is no such thing as ‘one’ decisive measure. Ultimately, mighty oaks grow from lots of little acorns.

Here is an overview of some of our efforts that are planned and implemented by a dedicated interdisciplinary team of employees.

Other environmental protection measures

In Hamburg, all Varengold Bank employees have the option to purchase a subsidized HVV job ticket. Employees in Sofia also receive a subsidy for the purchase of an annual ticket for public transport. A partnership with mein-dienstrad.de also offers employees the opportunity to lease a company bicycle, for which Varengold Bank covers the costs of a full-service maintenance package. These two mobility options allow employees to actively contribute to the protection of the environment both on their way to work and in their free time.

Out of a sense of conviction, Varengold Bank has been purchasing exclusively green electricity for several years. Our network printers can be shared by all employees. This has reduced the number of printers and at the same time energy consumption has fallen, too. Documents are printed on 100% recycled paper. We now use recycled products in many other areas as well, for example, various office materials, cleaning products, bin liners and toilet paper. In this way, we contribute to responsible use of wood as a resource. Other energy and resource efficiency measures also include Christmas cards produced in an environmentally friendly way, reusable lunch to-go boxes and collection boxes for small electrical appliances and batteries. Furthermore, care is taken to ensure that food is purchased in organic quality and from regional producers wherever possible.

Sustainability Report of Varengold Bank AG

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Soziales Engagement

Social Commitment

Showing commitment together.

Varengold Bank is committed both financially and actively to selected social causes. In doing so, we look both inwards and outwards. Responsible and value-based action goes hand in hand with our philosophy, culture and the company's mission statement. For this to work effectively in practice, it is above all the people who make the difference.

  • Spende_Kinderkardiologie_20241008-2
  • Spende SOS-Kinderdorf
  • Spende Mahlzeit
  • Der Wünschewagen Hamburg
  • First Contact E.V. Hamburg
  • MSC_SternenbrueckeScheckuebergabe_MSC8375
  • Freunde alter Menschen E.V. herzlichen Dank Hamburg

Donations

Varengold Bank combines its financial commitment in one annual donation. To ensure that the donation is commensurate with the bank’s performance and to guarantee objectivity, it is determined using the following formula:

(Number of employees on 31/12 of the financial year x EUR 100) + (Pre-tax result in the financial year / 1000)

In this way, many great institutions and initiatives have already received financial support. The initiative or institution that receives the annual donation is determined democratically by the bank's employees and may change from year to year.

  • Hamburg räumt auf 2023 1
  • Küche_Arche
  • Archebesuch 4
  • Hanseatic Help_Aktion
  • Archebesuch 6
  • 2023_Earth Day Run 1
  • SOS-Kinderdorf Weihnachtskalender_ Varengold 2
  • 2023_Cleaning Sofia

Activities

Financial commitment is just one aspect of social commitment and cannot replace active involvement and the experiences associated with this. Therefore, our employees also get involved on a personal level. We focus on recurring campaigns that have become a firm tradition as part of our corporate social responsibility (CSR): For the third time in a row, we took part in the “Hamburg Cleanup” campaign. Since 2020, Varengold Bank employees have been involved as gift sponsors for children at the Arche during the Christmas season. We also have a tradition of sending postcards to lonely people at Easter and Christmas. We started with 'Post mit Herz' (Post with Heart) and have now been able to gain the Hammonia Hamburg care service as an individual partner.

We also support local initiatives and non-profit and charitable organizations in Sofia. We are involved in Bulgaria's largest Christmas gift campaign 'Teddy Bear', which fulfills the wishes of disadvantaged children. We are also involved in Karin Dom's Martenitsa campaign, which aims to improve the quality of life and equal opportunities for people with disabilities in Bulgaria.