A4 für Copyshop GB.indd - Bayerische Landesbank

92 Report on the Bank and the Group
} BayernLB takes
active responsibility
for environmental
protection
Our staff
Personnel reduction measures resolved in 2003 as part of the implementation of
BayernLB’s new business model, and originally planned for wrap-up by 2006, were
completed ahead of schedule in 2004.
BayernLB’s workforce at home and abroad was reduced by 496 positions year on year,
standing at 5,047 employees as at 31 December 2004. At Group level, the headcount
was down by only 121 staff to 8,940. This is largely due to the incorporation of
Konzumbank (+ 260 employees) into the Hungarian MKB.
In order to stabilise personnel expenses, the personnel management systems were
revised. Thus, agreements governing the remuneration system for employees working
under the Bank’s own pay scale were revised, and the new versions brought into effect
at year-end. A new performance-oriented and earnings-related bonus system was
designed for standard pay scale employees.
The number of new junior staff remained stable in comparison to the previous year:
80 new apprentices and trainees were taken on. The majority were welcomed to
BayernLB on a permanent basis following successful completion of their training.
Environmental protection
As a financial institution, BayernLB is affected by climate change: both directly, through
its use of resources, and indirectly, through its customers. For this reason, BayernLB’s
environmental management system, certified by EMAS II (Eco-Management and Audit
Scheme), continued to be further developed and revalidated during the year under
review. With regard to indirect impact on the environment, BayernLB has explicitly
anchored ethical responsibility into its Group-wide credit risk strategy.
The EU Emissions Trading Scheme has been in force since 1 January 2005. In view of
the new scheme, BayernLB stepped up its consulting services in this domain in the year
under review. Together with its subsidiary Energy & Commodity Services GmbH, the
Bank also launched its product introduction process for trading with emission allow-
ances. The European directive governing emissions trading entails a twofold risk for
companies affected. Firstly, there is a quantitative risk in connection with gaining
sufficient emissions trading allowances; secondly, these allowances entail a price risk.
BayernLB will assess these risks within the framework of credit standing assessment.