We operate sustainably
The CEB thinks about financial sustainability from a dual perspective: on the one hand, the Bank makes sure that borrowing and lending operations are viable in the long term, i.e. sustainability of its own business model. On the other hand, with the issuance of Social Inclusion Bonds, the CEB contributes to the development of the market for sustainable financial products and offers a way for socially-responsible investors to support projects with an explicit positive social impact.
With the issuance of its first Social Inclusion Bond in 2017, the CEB set out guiding principles for its social bonds, summarised in the Social Inclusion Bond Framework.
Gender Strategy and Programme
In January 2018, the CEB launched its gender equality strategy. Essential input for the strategy was obtained through an employee survey, examining attitudes towards key areas including equal pay, recruitment and promotion opportunities, leadership development, and flexible working. The CEB’s strategy outlines five objectives that it must meet if gender equality is to be achieved:
- Strive to achieve at least 40% female representation at expert, middle and higher management levels.
- Maintain the objective of a minimum of 50% female recruitments for higher management over the coming years with emphasis on the recruitment and internal promotion of women at expert, middle and higher management.
- Improve awareness, e.g. senior management training on gender equality and diversity.
- Provide women with opportunities for external coaching and in-house mentoring.
Our gender equality strategy is a clear signal of the Bank’s commitment to promoting an environment that values and rewards the contributions of women and men in the same way.
Terje Hagen, Director of Human Resources
Limiting the organisation's carbon footprint
The CEB’s approach to calculating its GHG emissions follows Bilan Carbone®, which is the official French methodology for calculating organisations’ emissions according to the latest international references (GHG Protocol, ISO 14069, Carbon Disclosure Project etc.).
In total, the CEB's greenhouse gas emissions for 2018 amounted to 990 tonnes of CO2, or 4.81 tCO2e/employee, slightly up from 941 tonnes and 4.64 tCO2e/employee last year.
Key initiatives in 2018
The CEB replaced two of its four service vehicles; the new vehicles are powered by hybrid engines especially advantageous for urban trips in the Paris area.
The CEB continued to invest in heating and energy efficiency, mainly by replacing selected windows in its Paris office building. This incremental approach has also been taken for electricity with around 50% of the lighting now LED based, with dimmer switches and motion sensors where deemed useful.
Building on the work with GreenFlex, the CEB now uses their ‘HopMedia’ database to better aggregate, track and analyse the Bank’s climate performance by source. This positions the CEB well to further improve reporting, develop a tailored action plan and ultimately reduce its operational level climate impact over the coming years.