Wildnisgebiet Dürrenstein


Responsibility for the future.Sustainability at HYPO NOE.

As a publicly owned bank, HYPO NOE has always focused on projects with added social value, and thus bears a special responsibility towards its stakeholders, society and future generations. Banks in particular play a central role in an economy and can make a significant contribution to economic and social issues. Based on its more than 130-year history, HYPO NOE thinks of its business model in ecological, social and generational terms.

HYPO NOE has therefore imposed strict ethical guidelines and business principles on its operations. In this way, the bank ensures that it only enters into business relationships that are compatible with its philosophy and sustainability orientation.

Find out here about HYPO NOE's exclusion criteria, sustainability ratings, objectives, achievements and products as part of its sustainability strategy.


Prime Label Corporate Responsibility

C+ (Prime)

Sustainalitycs Badge

22.9 (Medium Risk)


52 (Robust)

imug Rating Sustainability

BB (Positive)

Gütesiegel für Nachhaltigkeit

Sustainability seal

Our latest ratings can be found here.

Ethical Business Principles

In general, HYPO NOE employees must bear in mind the Group’s ethics guidelines and business principles, as well as reputational risk and any risks associated with specific transactions. Reputational risks can arise in connection with loans to borrowers operating in industries that are not compatible with the image and values of HYPO NOE or its owner, the State of Lower Austria. The ethics guidelines and business principles comprise inclusion and exclusion criteria, which are the basis for initiating new business throughout HYPO NOE.

Positive criteria help the Group to promote activities that it believes generate the greatest possible benefit for society. In contrast, exclusion criteria help to identify sectors where the Bank chooses not to operate, in the interest of fulfilling its social responsibilities.

In addition, the Group has defined certain sectors as environmentally or socially sensitive – financing in these sectors is subject to strict standards of care, and in case of doubt the Group refrains from doing business in the sector concerned.

Positive Criteria

Creation of living spaces

Sustainable energy

Environmental protection


Art and culture

Low CO2 emissions

Exclusion Criteria

  • Finance for nuclear power plants (including suppliers of key components and related infrastructure, as well as uranium mining and processing)
  • Finance for transactions that endanger the environment
  • Finance for arms trading
  • Finance for transactions related to pornography and prostitution
  • Finance for countries engaged in armed conflicts, as identified in the OeKB country list
  • Finance for transactions that constitute a violation of human rights, as defined by the Universal Declaration of Human Rights
  • Finance for transactions that violate the core conventions of the ILO Declaration on Fundamental Principles and Rights at Work, e.g. freedom of association and the right to organise, forced labour, child labour and discrimination
  • Finance for transactions that contravene the Group’s own business ethics and compliance guidelines, and transactions where there is suspicion of corruption
  • Finance for coal-fired power stations and coal mining businesses, and finance for energy suppliers which predominantly use coal to generate electricity
  • Finance for transactions that breach the EU’s animal welfare and animal experiment legislation
  • Finance for the production of genetically modified organisms (GMOs)
  • Finance for tobacco farming and processing
  • Finance for mining companies in connection with the development of new coal mines or expansion of existing coal mines of any kind (unless this relates to technical upgrades which will improve environmental and/or social conditions on site, or the renaturation of mining sites), or with particularly destructive mining practices (e.g. mountaintop removal [MTR] mining)
  • Finance related to controversial hydrocarbon production practices (crude oil and natural gas), such as Arctic drilling, oil/tar sand mining, deep-sea drilling, oil drilling in protected or environmentally sensitive areas, and fracking

Exclusion Criteria

Destruction of the environment

Weapons and violence

Pornography and prostitution

Violation of rights

Production of tobacco and GMOs

Environmentally and socially sensitive sectors

HYPO NOE exercises particular care when providing finance for the environmentally and socially sensitive sectors of energy production, mining, forestry and agriculture. The Group believes that avoiding environmental and social risks in these areas is vital to the responsible and sustainable development of its target markets. This includes preventing large-scale, long-term intervention in social and environmental structures, and promoting water conservation.
Finance for projects that exacerbate the impacts of climate change and CO2 emissions has also been identified as a key issue. The Group takes steps to identify lending that will intensify the effects of climate change or increase CO2 emissions, raises these issues with its customers, and in this way helps to reduce the overall carbon footprint. This approach is also integrated into HYPO NOE’s environmental and climate strategy, which was adopted in 2019.


HYPO NOE is a signatory to the Diversity Charter of the Austrian Chamber of Commerce, opens new window and is thus committed to the diversity of Europe.

The Diversity Charter is a public, voluntary commitment. It is based on the realisation that diversity is an essential characteristic of Europe - its history as well as its society.

HYPO NOE offers all employees equal employment and promotion opportunities. Discrimination on the basis of ethnicity, gender, nationality, marital status, social background, age, physical ability, sexual orientation or religion is never tolerated.

Green Products

Green Bond

In order to underline its sustainability strategy and to finance green projects, HYPO NOE will issue its first green bond in 2020. The new HYPO NOE Green Bond focuses on green buildings. These are particularly energy-efficient buildings that make a valuable contribution to the creation of sustainable living space.

For more information click here.


Green Current Accounts and Savings Products

HYPO NOE's business model, with its focus on public sector and real estate finance, makes a significant contribution to the UN Sustainable Development Goals. A particular focus here is on financing public projects with added value in the areas of climate change adaptation, health, education, culture and infrastructure. HYPO NOE's green account deposits are used for projects that contribute to the UN Sustainable Development Goals 7, 9, 11 and 13.

When using deposits from green products, HYPO NOE ensures that no exclusion criteria are breached in accordance with Guideline UZ49 for sustainable financial products.

For further information click here.



Claudia Mikes

Mag. Claudia Mikes