Reporting on sustainability
Sustainability is embedded at the core of our mission, guiding our business activities and investment choices and is at the very heart of the EIB Group. As the EU Bank we are proud of our transparency and accountability principals and have been reporting on our sustainability and corporate responsibility activities annually since 2005.
We adopted the Global Reporting Initiative (GRI) guidelines in 2006, becoming an Organizational Stakeholder of the GRI in 2008. In 2011, we become the first international financial institution to achieve GRI G3.1 application level A+. In 2014 we have followed the GRI G4 pioneer program to embrace the changes in the GRI reporting framework in line with the GRI G4 comprehensive option.
Corporate responsibility management
We reinforced our commitment to corporate responsibility with the creation of a Corporate Responsibility department reporting direct to the Secretary General to promote best practice and sustainability standards throughout the Bank. The team growing and will be strengthened as appropriate to ensure the Bank continues to develop its corporate responsibility ambitions and meet stakeholder expectations in this field.
Carbon footprint reports
The EIB’s commitment to measure and manage its footprint resulting from its internal operations is consistent with its environmental and social policies, principles and standards for the projects it finances. Understanding the internal carbon footprint also allows the Bank to identify and implement measures to reduce emissions and track performance.
The EIB first calculated its internal carbon footprint in 2007 and adopted the GHG Protocol in 2013 following a methodology review. The GHG Protocol is recognized as the most widely used international accounting tool for government and business leaders to understand, quantify, and manage greenhouse gas emissions. It is an international standard used by a diverse range of organisations, including many in the banking sector, and it is widely accepted as best practice.
The full 2014 carbon footprint report is available on our website.
For further information on the EIB Group’s corporate responsibility and sustainability activities please visit our website or contact the Corporate Responsibility department, who should be delighted to help you.