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Ariane Pfleger of Raiffeisen-Landesbank Steiermark emphasizes the importance of fostering a culture of innovation to navigate the challenges of sustainability and transformation in finance. The bank supports businesses like KWB and Bioenergie GmbH in adapting their models for long-term success, while ESG considerations increasingly shape credit decisions. The "Hummelflug" program encourages employee participation in innovation, highlighting the significance of teamwork and leadership in driving change.
The Austrian Raiffeisen Association (ÖRV) is launching an information campaign to promote cooperatives in light of the UN's declaration of 2025 as the International Year of Cooperatives. Under the motto "We-Power," the campaign aims to raise awareness of the cooperative model's social and economic benefits, encouraging more people to join. With 1,400 of Austria's 1,800 cooperatives under Raiffeisen, the initiative highlights the importance of local decision-making and community investment, emphasizing that cooperatives can effectively address social issues while fostering regional prosperity.
The Austrian Raiffeisen Association criticizes the government's plan to increase the bank levy, calling it "pure arbitrariness" that will hinder economic recovery. Advocate General Erwin Hameseder argues that the measure will restrict banks' ability to provide loans, essential for growth, while Secretary General Johannes Rehulka contends that successful banks are being unfairly penalized. The association also questions the support for the levy from the OeNB Governor, highlighting a contradiction in promoting higher equity while imposing greater burdens on banks.
Cooperatives, representing over one billion members globally, are recognized by the UN as vital for promoting prosperity and combating poverty. In Austria, Raiffeisen cooperatives contribute significantly to the economy, generating €13.1 billion and securing 93,000 jobs. As the International Year of Cooperatives approaches, efforts will focus on raising awareness of their benefits and attracting younger members to ensure future success.
The United Nations has designated 2025 as the International Year of Cooperatives, highlighting their role in building a better world. Raiffeisen, founded by Friedrich Wilhelm Raiffeisen in the 19th century, leads Austria's cooperative movement, which now includes around 1,400 cooperatives and two million members. The growing appeal of cooperatives, especially in energy, reflects a desire for trust and regional responsibility amid globalization.
Raiffeisen emphasizes the importance of cooperatives and member support amid ongoing transformations, with plans for a comprehensive information campaign in light of the upcoming International Year of Cooperatives 2025. The initiative aims to enhance public knowledge and engagement through training, events, and a social report highlighting Raiffeisen's regional impact.
Johannes Rehulka
People
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