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18.11.2009

Bank Austria Corporate Sustainability Director Fred Luks receives award

The Austrian sustainability magazine "Lebensart" has this year appointed Bank Austria Manager Fred Luks as Austria's Best Sustainability Manager. Basis of the ranking is a survey among companies and executives across Austria. 288 people were nominated. 44-year-old Fred Luks studied and first did research in Germany and the US and also published a large number of abstracts and books on sustainability. At the beginning of 2007, his path led to the Austrian Institute for Sustainable Development before he finally changed from research to Bank Austria. Within a very short period of time, Mr Luks among other things established a sustainability team which consists of 15 members from research, NGOs and public administration, gathering regularly to exchange information about sustainability aspects of Bank Austria's work. According to Fred Luks, the aim is: "I want Bank Austria to provide also sustainable products in three years and position itself even more than so far as responsible company."

Responsibility and sustainability are becoming increasingly important to Bank Austria. Economic, ecological and social demands are not always in perfect harmony – their balance requires clever and moderate decisions. According to Mr Luks, this is the core of social responsibility. In his opinion, corporate sustainability means to go beyond single measures and make sustainable acting a guideline of corporate actions. This also means, according to Mr Luks, to develop products which meet sustainable criteria. Responsibility and sustainability are processes of search which include a constant and critical analysis of all dimensions of corporate actions, Mr Luks says and adds that the important thing is to act responsibly and economically as well as manage a company in an economic, ecological and socially sustainable way. In this spirit, Bank Austria will continue having intense dialogues with its stakeholders in the future as well.

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Further Inquiries: Bank Austria Press Office Austria
Thore Dohse, Tel. +43 (0) 50505 - 52809
E-Mail: thore.dohse@unicreditgroup.at

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