Reporting on sustainability
The EIB Group 2016 Sustainability Report, the key instrument for reporting on the EIB Group’s sustainability performance, is based on the results of a full materiality analysis conducted in 2013/2014 in cooperation with external and internal stakeholders. In order to further strengthen our corporate responsibility credentials, our Sustainability Report is subject to external assurance.
The sustainability report provides a broad view of sustainability at the EIB Group. This includes financing and goes hand by hand with the technical assistance and advice that is often necessary to make financing a success for all stakeholders. Sustainability due diligence demonstrates how we ensure sustainability in carrying out our financing. Sustainability is also a guiding principle in our borrowing business, where we make financially attractive and environmentally beneficial products available to investors in the bond market.
To consolidate its role as leading climate change financer, the Bank has developed its own carbon footprinting methodology. The EIB reports transparently on its projects’ absolute emissions through a dedicated section in our sustainability report.
The EIB and the Global Reporting Initiative (GRI), an independent international organisation and pioneer of sustainability reporting, have a long history together. The Bank has been applying the GRI reporting framework to its sustainability reports since 2005, and has always achieved and currently maintains the highest level of reporting under the reporting guidelines.
Furthermore, the Bank was the first international financial institution (IFI) to become an early adopter of the GRI G4 guidelines, applying them first to its 2014 sustainability report. The Bank is adhering to the new GRI standards (launched at the end of 2016) at a comprehensive level, as they will further enhance sustainability disclosure and credibility in the reporting process.
Please also see EIB Group 2016 Sustainability reporting disclosures.