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Banking on Cooperative Values

Austria

2024

Establishment of the digital euro from the perspective of Co-operative Banks (ÖGV, Austria)

This CIBP SPARK session focuses on the establishment of the digital euro and its implications for cooperative banks. Ismail Akbal discusses the digital revolution, highlighting the rise of Central Bank Digital Currencies (CBDCs) in response to cryptocurrencies and the European Central Bank’s (ECB) efforts towards creating a digital euro to ensure central bank money remains a legal tender.

Guest speaker: Ismail Akbal: Adviser Regulatory Affairs (ÖGV)

2023

Guest speaker: Monika Tögel: Sustainability Officer for the Association of Volksbanks in Austria, Certified CSR Expert

Sustainability as a company's DNA - practical example based on a regional cooperative bank by VOLKSBANK WIEN (Austria)

After introducing the Association of Volksbanks in Austria the path of implementing sustainability – from paper to reality – will be shown in this SPARK.

This includes the sustainability principles of Volksbank Association in Austria, the process of materiality analysis, communication and how the “Project Sustainability” was built up, successfully completed and the integration of sustainability into all areas and processes of Volksbank Association was reached.

2022

Guest speaker: Stefan Resetarits : Regulartory Affairs ÖGV, Austria

The Role of Renewable Energy Cooperatives in the Climate Transformation in Austria

With the newly adopted Renewable Energy Expansion Act which entered into force at the end of July 2021, Austria aims to achieve the goals of the Paris Climate Agreement 2015. 

The act creates new framework conditions for the expansion of renewable energy in Austria. New actors were introduced to the energy market in Austria. One of them ist the Renewable Energy Community (EEG), which can also be established as a cooperative. An EEG can produce electricity from renewable energy sources and consume, sell or store this electricity.
In order to create new business opportunities and do its part in the transition to a climate neutral economy, ÖGV has formed an cooperation with PowerSolution, a provider of technical assistance to EEGs and the Volksbanken, which can offer the finanical means and banking services to establish an EEG and expand its production of electricity.

What is the purpose of an EEG, who can be its members and what are the advantages for the members? All this will be covered during the session.

2021

2019

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