Gender equality and women’s economic empowerment

Gender equality is one of the founding values of the European Union, and a key objective of the Sustainable Development Goals.

It is also smart economics: empowering women is vital to enhance business productivity and to catalyse economic growth, social cohesion and social justice.

As the EU bank, it is our duty to ensure that the projects we finance protect all parts of our communities. Women, men, girls and boys must have the opportunity to benefit from them equally and equitably.

 

26% lower salaries

for women globally compared to men

 

USD 12 to 28 trillion

added to global GDP by 2025 if we advance women's equality

 

980 million women

worldwide have no access to financial services

Rolling out our strategy

With the aim to embed gender equality in everything we do, in 2016, we approved the first EIB Group Strategy on Gender Equality and Women’s Economic Empowerment. The Gender Action Plan, endorsed in January 2018, guides the implementation of our strategy.

The first phase of our action plan lays the foundations needed to establish shared ownership of the Gender Strategy across the EIB Group and trigger a shift in our modus operandi.

Though global in its relevance and long-term application, the plan reflects the strategy’s approach of careful prioritisation to identify incremental milestones over time, with work outside the EU being launched first.

Reflecting the strategy’s three thematic areas of action, as well as catering to institutional foundations that must be firmly introduced, the priorities of the first phase of the EIB’s plan are as follows:

  1. Protect: develop a fit-for-purpose EIB due diligence framework enabling clients and EIB experts to assess, prevent and mitigate impacts and risks of EIB investments to girls and women
  2. Impact: improve the integration of gender considerations within relevant EIB Group operations, by using gender analysis to identify investment choices and project design features that will enhance equal access to products, services and employment
  3. Invest: identify geographical priorities, suitability of instruments and new business opportunities to support women’s economic empowerment

 

The EIB Group Gender Strategy

Following its endorsement in January 2018, we embarked on the first phase of this Gender Action Plan. It will be followed by a second phase over the 2020-2021 period.

Engagement with civil society groups and industry partners over the past years have provided us with valuable insights during the elaboration of the strategy and the action plan. We look forward to continuing to work together with our stakeholders.

Our organisation also values diversity and inclusion when it comes to its employees, as they are good for people and good for business.