The European Investment Bank (EIB), through its Group Chief Compliance Officer Gerhard Hütz, took part in the 10th conference of the Ethics Network of Multilateral Organisations (ENMO), which brings together the most senior professionals responsible for the Ethics functions in multilateral institutions. The event took place at the UN Ethics Office in New York from 10 to 13 July.
The EIB was recently admitted as a member of the ENMO. Members of the network, which includes the UN, EBRD and the World Bank, are committed to upholding the highest standards of professionalism, ethics, transparency and integrity.
The 10th ENMO Conference discussed a variety of ethics topics, exchanging on best practices and development of ethics programmes of participating organisations.
A speak-up culture
The conference was opened by UN Under-Secretary General Maria Luiza Ribeiro Viotti, Head of Cabinet, who delivered a message by the UN Secretary General promoting a strong Ethics programme and speak-up culture in international organisations. According to the message, the work of Ethics functions is “all the more crucial at a time when there is a crisis of public confidence in international organisations, national governments and aid agencies that rely on public funding in their efforts to help others around the world.”
Participants discussed conflicts of interest policies, whistleblowing policies, new policies against retaliation for reporting misconduct and for cooperating with investigations and audits, benchmarking and best practices of Ethics Offices, among others.
All subjects covered are of high importance for the EIB. The EU bank is currently revising its Codes of Conduct, Whistleblowing Policy and the Dignity at Work Policy.
The European Investment Bank and the World Bank jointly held the “Ethics and Corporate Culture Conference 2019” in the EIB Luxembourg headquarters on 6 June. The conference brought together a full room of 150 experts and participants from Ethics, Compliance, Regulation, Behavioural Science and Artificial Intelligence and it was opened by EIB President Werner Hoyer, Pierre Gramegna, Minister of Finance of Luxembourg, and Shaolin Yang, Managing Director of the World Bank Group.
Financing and compliance experts from more than 20 multilateral development banks from Africa, Asia, Latin America and Europe met in Luxembourg to share best practice and enhance understanding of how to strengthen ethical private sector financing.