my choice to use card because given the way transmitted to trolls. much and it did happen. i'm always cycle to work by fair trade coffee and news green electricity but when it comes to finance a few of us think about the environmental and social aspects. there are ways to invest money conscientiously and stefan meller knows all about them he's a banker and deals with sustainability for 15 years he's been advising customers

and deciding who's loans get approved. if i really feel like i can make a difference with the way i started in a conventional bank and it was when i just started a family i asked myself what should i do with what i've learned what am i leaving behind for my children. stefan switch to g.l.'s germany's oldest sustainable bank it does things a little differently to other banks it funds ecological projects and doesn't hand out bonuses stefan is on his way to meet an entrepreneur who needs money for his grand vision. he had known as plan is to make paper out of grass one of the big scale it already works on a small scale and he says it would protect resources but can only meet demand for the new raw material if he. expanses business. we need

a new plant so we're looking for someone from the sustainability sector who would live out this ideal weather and help to finance that land lived. in and see it is what needs to be fully financed so we're talking about an investment of around $1200000.00 euros from interest from. cardboard boxes and paper a currently produced in big factories the raw material is usually good and often comes from far away it's an energy intensive process that plans to convert grass into pellets and sell them to paper mills the 1st test for mass production was successful creation paper from grass would be a revolution in paper manufacturing the. bank is here to see for himself could grass pellets really replace wood and how much demand is there is it really more sustainable to make paper from grass these are

key criteria for the loan approval. is so much this is a box we produce it has to look good to go to the better it looks the more people use it that's the key really. is that it's also very reusable thing you know. the stuff to syria that's the goal the more the consumer uses it the better the carbon footprint. doesn't this is the raw material that we sell the paper mills for colorful. pellets from grass so that's what i'd really like to see because of course you're welcome to see the entire process let's go take a look. at the the full he invests in the project stefan wants to see the entire production change from grass to pallets to paper. and. the german capital berlin is also a hub of innovation what was once europe's biggest multitasks has gradually been transform. the last 10 years the idea is to live and work under one roof as

socially creatively and ecologically as possible the 1st companies and tenants have moved in now it's time for the next construction phase and for that they need money . the reach of peaches and marlene venus run multi 5 break the german for multitasks they hope their plans will win over these 2 employees from trinidad spank the prerequisite for a long sustainable and holistic concept. we have a carpenter here to put in the windows new wave is the company destroying all our signage begin we eat lunch here at the restaurant so the money stays here we invest in our tenant and i'm. done that's a record you have co-working actually make sense here because the term is supposed to mean that everything is interlinked the various companies on site network and do business with each other. it's gotten to us that the tenants appreciate the

space and help to shape it that's the fundamental idea behind our careful loving and sensitive approach towards property rights. and selecting tenets it was not always this way but now we only least are nice people. and that fits the concept careful and loving like the. break is in charge of renting out months fabric an area of 4000 square meters everything is coordinated with cheap rents and a sustainable economy basle grows in this greenhouse the 1st last a comes from the excrement of fish that have bred these berlin grown herds in fish and then sent on a short journey to local supermarkets and restaurants the public pond is fed with fuel to drain water to save resources.

the on site restaurant obus gyptian provides regional cuisine using organically crime projects they're now planning to develop another section of the old factory the before any new sustainable companies and stops can move in they need to raise money. with entrepreneurs frank simple founded the project he's long been searching for a bank that matches the philosophy of miles from breaking. bad the path of the traditional banking world is foreign to us in many aspects of the process with triode us bank is very exciting and up here at both bank it's bank i think they still have to act as a bank because they have a regulatory and a risk oriented responsibility and they do the things banks do. i do they also ask about the use about the product you know it's

a financial partner that also contributes towards social value and sustainability. that's what they stand for and that was very important to us but once everything birds were nesting in the old building when frank discovered as other investors probably would have got rid of them. i now want to put a we have an ornithologist now with the environment agency one of the birds to be categorized so they'd know which birds live here in the factory buildings with a good one on view now analyze and observe the whole site. we're creating nesting spots and replacement nesting spots it's also an exciting project like a. wildlife alone won't be enough to convince the bank because. those classes were very strong on sustainability but that's not the only focus here we also need to look at how to manage the whole thing financially. the way that

works and that's where the traditional banking methods come in. all banks work with the money their customers pay in everything that's deposited in current and savings accounts banks lend this money out in the form of loans to businesses public institutions and individuals banks make money by charging interest sustainable banks work in the same way with the difference that they only grant loans to companies and individuals they deem sustainable. mullets fabric seems to meet the criteria at 1st glance but the bank wants to carefully check whether or not the investment will pay off. in. the current grass kellock factory is undergoing the same approval process can paper really be made out of dried grass and is it worth it to find out more and

more from the g. a cell bank is visiting the company's other side across between a farm and a train. entrepreneurs do the dead know nick is collaborating here with the university of bonnet but he still needs to convince the bank otherwise all the work was for nothing as i've been out here as much as the view i'm here to see how the production process works in the testing type stuff is it something we want to finance on a large scale can it even be implemented on a small scale what does the product look like and how is it made. how convincing is the customer attitude is desire to make a difference. as we have here i have several mills here on campus this is a cutting mill that will i have in the factory but this one's on the. cutting there will be about 3 metres high i can hide behind. this. i got it for the huge advantage of making paper out of grass fibers is that

we'd only need around 2 liters of water per tonne of raw material as opposed to 6000 liters. making paper out of grass protects resources and it's a convincing argument you could make a much earlier process to suit the stuff the aim is to produce $25000.00 tonnes a year. because of the with the years 25000 dollars. needs alone for the new machines that can process large quantities of grass into pellets otherwise they won't be marketable the grasses 1st cut into find 5 as they all need to be even in length otherwise the paper mills can't use them to then the university of bonn could put a lot of research into ensuring this. he's been in the industry for decades and knows the paper industry's requirements inside out.

because the grass fire has a so light the have to be pressed into pellets for delivery. that's what they are as we put a chopped up material on the top here it's called 5 so now it's better the rollers and pressed against you know exactly that's what creates the pallets. to the political the coast then go in the paper machine the pallets are different lengths. this is my district i know what it doesn't matter of and the main thing is that the fibers in the pellets are the same length once they're released that's the most important thing of all and every paper mill in the world could implement this tomorrow and this. is it so why don't they. the theater is there for what soit not every paper mill is convinced the world needs this product right now to be popular especially the paper mills that are currently integrated males. in the toilets they work with wood because they have forests. they process the forest

directly into politics so. your. stefan is impressed he'll know assess the risks and revenue forecasts of the grass paper to figure out a suitable loan and when i start a company is in it started it would be risky to finance it with just one bank loan i miss when we need to spread it out so say we have a loan from g.l.'s bank we could support that with crowd funding from g.l.'s crowd where we raise money from the public gave us it is a ship present various projects on our website in a film we show the numbers what's behind it the plan. anyone can then get involved by investing up to 10000 euros in the project as a kind of private loan. with crowdfunding investors lend directly to the project of their choice mediated by the bank to reduce their own risks and if the company goes bankrupt the money is gone if the company

a successful there's a lot of income to be made from interest here are against god it is why this is a great example of how you can make a lot of money from a product that's also doing its bit for the environment which is good for you have . found will now see whether or not the g.l.'s customers also want a piece of the grass paper company. in this event in stuttgart is all about money invest is germany's biggest financial try to fail thomas cushion my style books for the nonprofit environment and human rights organization face in finance for years he's been. analyzing the investment behavior of financial institutions and revealing the dubious companies they invest their billions in. not released to the best you can see at the investment fair there are

a lot of banks that claim to be sustainable. just some type of unfolded at some some openly some an odd. book or 2 in the some published glossy brochures about how they protect the climate and conserve natural resources. but often if you take a closer look at these policies never come to fruition with clean and honest to get on course. the term sustainable finance carries with it certain requirements there must be no investment in armaments. graphy or child labor positive criteria includes investment in companies that protect the environment appearing to social standards and following the teachings of churches 40 percent of germans can imagine investing their money sustainably. thomas is also calling for a body that banks could use to inspect their investments so called ethics councils

that would help to side with the money goes. to what they did out in this i wish every investor in bank or ethics council that they could use to guide them because there are a lot of external specialists sitting on these kinds of councils who could offer their expertise it's always done or. it's not your expertise i think on. the austrian fund manager kempler funds has had an ethics council for 2 years the in space company is a subsidiary of a conventional bank and invest part of its money sustainably according to its own criteria external experts meet regularly including alfred struggle the trained chemist advisors companies on sustainability also on the ethics council to nuns and

the social ethicist when the fund manager wants to make new investments the council goes through them with a fine tooth comb. that kepler currently invest $16000000000.00 euros a year the investors' money goes into various funds which then invest money into companies around the world $4.00 of the funds are considered to be mostly sustainable at least 51 percent of the money is invested in sustainable companies they account for 1370000000 euros of investments so far. the ethics council deals with large sounds and therefore a lot of responsibility the demand for sustainable investment is growing so what happens to industries that do harm the environment they would have no chance of securing funds from the pua sustainable banks the kepler ethics council however uses the. best in class principle shown us. together we look at who's the best in

the industry. to be automotive technology finance or pharmaceuticals the base we invest in the best most sustainable names is d.n.b. done so we don't rule out entire sectors i'm auditioning for example pharmaceuticals so bush began to follow ships on the beach and stead we find out who's highly committed to sustainability in terms of social and ecological sustainability climate protection human rights and so on leaders to see these leaders as the top players and receive funding there's a middle and bottom companies don't when it isn't just. does the best in class approach always mean sustainable low technically the aluminum company austrian mid-town are mag could be listed in a sustainable fund even though aluminum production is known to be a heavy burden on the environment alfred says it's high time we rethought these kinds of industries. to gether with

get old myler now c.e.o. of the company after it has spent 8 years working to make the company more sustainable are mad produces high quality sheet metal used for example in electric motors in a bid to be greener the company now collects scrap metal aluminum and melts it down for reuse. these aluminum blocks wants airplanes and car bodies. but you couldn't build substance found out that's why you're nominated such a feat material for the products that we make here on site is around 75 to 80 percent aluminum scrap and from premium. the new producing one ton of primary aluminum takes roughly the same amount of energy that 4 households use in a year in the fall in the book that soared to sing a ton of secondary aluminum requires only 5 percent of that a 20th and stuff on this is the model 16 that ends about 6 that is not seen.

melting and reusing aluminum doesn't affect the quality so it's a strategy that's paying off for the company. that made it to status at the end of the day or their prices what matters to a lot of customers is in and of then we're seeing a trend that if you offer a sustainable product that's the same quality getting for the same price as then you're more likely to get the contract to become distilled inflation but i mean the beginning of the. progress like this gives alfred confidence that it's worth promoting sustainability even in problematic industries the demand for eco friendly aluminum is growing. to follow max books are full for the next few years it's they've had orders for this special aluminum from various segments like hybrid car makers who now want to clean aluminum. because they're worried their customers will ask what the metal is and where it came from now. if and how

banks and other companies change is hugely influenced by their customers. and. a lot has changed over the last few years it been in smelts fabric they still haven't been granted the 1000000 euros learned they need to carry on the development. the 2 train at all spankers still don't know if the offer is attractive enough to lose. new hastens. orica peters is in charge of new vaccines and tells us about the new expansion plans. give a federal judge in their custody public this is this is the next building with a plan to renovate. right now where underneath the old steeping tanks. in florida for us this is where the grain was poured in usually barley it was then left to soak in germany. we think we'll leave

a couple of them to preserve the charm of the space and so the tenants can see what used to be here. the floor space is 300 square meters and there are several stories . we have 6500 square meters in the whole building so there's a lot of room to play with. that's a fish we're flesh and that's it takes some imagination to picture offices here but mulch fabric has already managed to rebuild and grant out large sections of the building which is encouraging for the bank has put its job is why this potential is enormous considering the demand on the berlin market these spaces have been credible potential. demand is very high also for the mixed use that mark spotting offers is a serious projects like this suit the bank's philosophy. doesn't cross a river to him to finance the swinish doesn't know how to financing an industrial

building like this it isn't something a sustainable bank would normally do but we have to think about what effect a building like this would have on the social environment of the people and it also has to be economically and financially sustainable if you can combine these aspects because it's perfect for a sustainable banker i don't know what is cuts but. the dutch bank has rented offices in berlin scrotes by district the 2 bankers are crunching numbers from miles from break these sums are in the millions money from investors who want to support sustainable projects and make money their employer treat all spank is still quite new in berlin i can't afford to make mistakes florian cos has made a living from his convictions how much time to cause a global. holes there are so many problems in the world and challenges to solve and everyone can do their bit whether it's your daily consumption travel your electricity provider or whatever because the thing no one really thinks about is sustainable banking and my. he has

a lot of power in here. around 157000000000 euros are already sustainably invested in germany that's around 3 percent but the trend is growing difficult but some of those who are used to germany's consumer association examined the carbon footprint of funds with a one off $1000.00 euro payment for a year and the result was huge business between the best and the worst funds there was a difference of 800 kilograms of c o 2 which was a fear you would produce that driving from the north cape to naples so if you have 10000 euro's even 100000 that's a huge impact so think what a bank could do with 100000000 or a spike in with. some of these millions will go into the months 5 break their loan was approved and the expansion can continue. the g.l.'s bank gave stephanopoulos grass paper the green light to he's being

gradually loan at 600000 euros and g.l.'s customers clearly believed in the product to he raised another 600000 euros of private investment through crowd funding in just 12 hours. base of us deviousness will see that why should i feel a laded when i see how quickly it can work because it gives me reassurance about what we're doing it's impacting the current market people are really interested and want to be involved in this it's a confirmation for our work that what we're doing here is right even beyond the question of return zita content wise it's exactly what we want to do and it's the right time for this kind of work it's a satisfying feeling to know we're not alone we're part of a crowd a community and it works well with investments you to stop it from. the 1st grouse pellet system in the world can now be built on an industrial scale.

no. checks of delivery of machine parts. production is sure to start here in 3 months. and does its decline this is the smaller part here with humans and it might look big now but you have to imagine it will be working like cuboid around bales that way $350.00 kilos the missile which did stuff that they need to be thoroughly shredded and pulled apart is a choice they need to be a bit violent with its work and soon the company will turn 75000 bales into grass pellets here every year this could be a big step towards making paper a more eco friendly. service for non-school golf just off the referral that it's starting soon the next parties will arrive sometime next week to extend we can slowly but surely start putting it all together it's a great feeling for us fung to strong look at risk which is good for phones. there are plenty of ways we can make the economy most sustainable ethics committees and dedicated bank customers who ask way of the money. we all have the power to

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this is news live from our lead hong kong voters sending a clear message to beijing pro-democracy candidates make massive gains as the probation vote collapses in municipal elections the vote was seen as a referendum on hong kong's political turmoil and the government promises to seriously reflect on the results also coming up the leaks document shedding light on the chinese government's mass attention of leader muslims in a network of prison camps beijing and system.