Responsibility in figures

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This Corporate Responsibility Report of VBAG is published and integrated with the Annual Report. It refers to the period of the 2010 financial year (1 January to 31 December) and cites the indicators of the comparison years 2008 and 2009. It follows up on the previous report, which was issued for 2009. Going forward, we plan to report annually on VBAG’s sustainable development.

The sustainability management of the four strategic segments Corporates, Financial Markets, Retail, Real Estate and of the central Group management is described in this Corporate Responsibility Report, which is integrated in the Group Report. The Sustainability Report deals primarily with VBAG in Austria from the viewpoint of all material economic, ecological and social influences. Social and ecological aspects of Volksbank International AG are now also examined in more detail in the description of the Retail business segment for the first time.

VB Leasing Finanzierungsgesellschaft m.b.H. has also been included in the Corporate Responsibility Report. Structural changes within the Group have led to changes in the system boundary of the report. Thus Volksbank Wien, IMMO-BANK AG and the Bank für Ärzte und Freie Berufe AG are no longer included in the report, as these companies have been divested from the Group and integrated in the Volksbank sector. The sale of Europolis AG, effective on January 1st 2011, has also shifted the system boundary. Other companies of the Volksbank Group, such as the Volksbank primary banks, will subsequently be included in the sustainability process. All of the Volksbank Group will gradually be included in the sustainability reporting.

The indicators of the Sustainability Report are defined in accordance with the indicator protocols of the Global Reporting Initiative.

Corporate Responsibility Report 2010

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This Corporate Responsibility Report, the first from VBAG, appears integrated in the Annual Report. It refers to the period of the 2009 financial year (1 January to 31 December) and cites the comparative years 2007 and 2008 in the case of the indicators. Going forward, it is planned to report annually on VBAG’s sustainable development.

The topics for the report were selected in a process spanning several months together with the Corporate Responsibility core team and the expanded core team according to the principles of materiality, relevance for stakeholders, sustainability context and completeness.

This Corporate Sustainability Report, which is integrated in the Annual Report, is in accordance with GRI G3 application level A+. These guidelines are regarded as an international standard in the area of sustainability reporting. The full Corporate Responsibility Report was also audited and declared valid by an external expert.

The Sustainability Report fundamentally concerns VBAG in Austria (including foreign activities of the Europolis Group, Immoconsult Leasinggesellschaft m.b.H. and Premiumred Real Estate Development GmbH) with all material economic, ecological and social influences. Other companies of the Volksbank Group, such as the Volksbank primary banks, will subsequently be included in the sustainability process. The entire Volksbank Group will gradually be included in sustainability reporting.

Corporate Responsibility Report 2009

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