The EIB is committed to gender equality in the workplace. We champion diversity and inclusion not only because of the undeniable business benefits they bring, but also because of their power to enrich the working environment for all staff.
In our continuing effort to fostering equal career opportunities for women and men, we are proud to be certified EDGE ASSESS at the global level.
“At the EIB, we believe that achieving gender equality as part of a diverse and inclusive organisation is of vital importance. Our work in this area enables us to offer opportunities for all, and to enhance our business performance as the EU Bank. Being EDGE certified is an acknowledgment of the significant progress we’ve made in embedding diversity in our workplace, as well as recognising our continued commitment to promoting gender equality for the benefit of all.”
Werner Hoyer, President of the EIB
What is EDGE certification?
EDGE, which stands for Economic Dividends for Gender Equality, is the leading global assessment methodology and business certification standard for gender equality. It measures where organisations stand in terms of gender balance across their pipeline, pay equity, effectiveness of policies and practices to ensure equitable career flows, as well as inclusiveness of their culture.
EDGE Certification has been designed to help companies not only create an optimal workplace for women and men, but also benefit from it.
The EDGE Certification is a tiered certification system with three levels of certification: ASSESS, MOVE and LEAD.
The tiered system provides organisations in different stages of their journey towards a gender equal workplace the opportunity to be recognised for their efforts. The EDGE Certification remains valid for 2 years.Our measurement with the EDGE assessment tool
The EIB has been certified EDGE ASSESS. This means that we have conducted a detailed assessment and undergone an independent third-party verification. The EIB was assessed on the following:
- Strong gender representation at all levels of the organisation
- A statistically insignificant unexplained gender pay gap
- A solid framework of effective policies and practices to ensure equitable career flows for both women and men when it comes to pay equity, recruitment and promotions, leadership development training mentoring, flexible working and organisational culture
- An inclusive culture as reflected in employees’ high ratings in terms of career development opportunities
“As a result of this first EDGE assessment, the EIB will continue its efforts to move to the next EDGE certification level, with further strong commitments to full gender equality. These include continuous and proactive pay equity management by running annual pay gap analyses, as well as a commitment to continuously monitor progress towards the Bank’s targets on gender in terms of hiring, promotion and retention rates. The EDGE seal is an important recognition of the work we do to further enhance gender equality at the EIB and something we can all be proud of.”
Maj Theander, Head of Personnel
The below infographic illustrates EIB staff composition by level.
The share of men and women on the board is above the EDGE Standard.
The results from the customised regression analyses show us that there is a statistically insignificant unexplained pay gap at the EIB considering the organisation levels of responsibility, the performance rating, the age, the tenure and the responsibility of role and function. It has shown us that the level of gender pay equity at the EIB meets the EDGE standard.*
*EDGE standard threshold defined for the unexplained gender pay gap between women and men
The results show that the effectiveness of policies and practices to ensure equitable career flows is above the EDGE Standard of 65% in two areas of analysis, namely:
- recruitment and promotion, and
- organisational culture
Our aim is to improve our performance on the following areas:
- equal pay for equivalent work
- leadership development training and mentoring, and
- flexible working
This section shows the results of employees’ rating of the EIB on gender equality.
As the infographic shows below, 72% of female respondents and 62% of male respondents would recommend or strongly recommend working in the organisation to a male friend or colleague, above the 50% threshold required by the EDGE Standard.
At the same time, 63% of female respondents and 75% of male respondents would recommend or strongly recommend working in the organisation to a female friend or colleague, above the 50% threshold required by the EDGE Standard.
The EIB also ranked above the 50% threshold required by the EDGE Standard on the perception of men and women being given equal opportunities to be hired by the organisation.
The results also indicate room for further improvement on the perception of fairness in promotion within the organisation and on the perception of being paid fairly for the work the employes do, compared to others in similar roles within the organisation.
What's next
By being certified EDGE ASSESS, the EIB commits to an impactful action plan, which documents how it will accelerate its progress in terms of the following:
- gender balance across the talent pipeline,
- gender pay equity,
- creating an effective framework of policies and practices that ensure equitable career flows,
- fostering an inclusive workplace culture for both male and female employees.
We commit to working to close gaps identified by the EDGE Assessment, including implementation milestones, resource requirements and accountabilities.
We are determined to continue our work in promoting gender equality in the workplace. Our aim is to obtain the second level of certification EDGE MOVE. Our focus as an organisation is to further improve the effectiveness of policies and practices in the area of equal pay for equivalent work.Work for the world’s largest multilateral development bank
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