the EU bank

The EIB Group understands Corporate Responsibility to be a set of issues covering governance, ethical, environmental and social aspects. Corporate Responsibility emphasises the importance of achieving a balance between economic growth, social well-being and the protection of the environment, in support of the goal of sustainable development. It underwrites institutional sustainability through competitiveness, the productive use of resources and good governance.

The involvement of the financial and business sectors, governments, employees and civil society working together for “our common future” is important to a public institution like the EIB.

The EIB Group promotes Corporate Responsibility through its mission and activities in the service of the European Union, through the way it implements these and through its internal management. In order to reach out to society at large, we take voluntary actions, over and above compliance with legal requirements, and consistently adapt our policies, standards and procedures.

In order to give a framework to the above principles, the EIB Group published in May 2005 the EIB Group Corporate Social Responsibility Statement, which aimed to ensure that the EIB Group’s policy on CSR takes into account the framework of the Lisbon Strategy and that, in addition to the Group’s evolving dialogue with external stakeholders and its internal functions – including appraisal, internal audit and evaluation – it operates effectively to enhance the value added of its operations.

As part of the process of improving the way the EIB Group manages the twin themes of sustainability and corporate responsibility, the Corporate Responsibility Division is responsible for the management, development, implementation, monitoring and assessment of corporate responsibility strategies and policies.