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.
Following the tragedy that struck Beirut on August 4, President Hoyer will speak at the Conférence internationale d’appui et de soutien à Beyrouth et à la population libanaise (International conference on assistance and support to Beirut and the Lebanese people).
The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. the Minister for Finance, Paschal Donohoe T.D and the Minister for Agriculture, Food and the Marine, Dara Calleary T.D. today (Thursday the 30th of July) launched a €500 million expansion to the Future Growth Loan, the government’s scheme to support SMEs, farmers and fishing. The additional funding will be provided by the EIB Group.
Pursuant to Article 27 of the Bank’s Rules of Procedure, Ms Beatrice DEVILLON-COHEN (former Managing Director – Head of Derivatives Trading, Société Générale, London) was proposed as a candidate to perform the duties of an observer to the Audit Committee.