The social development bank in Europe

A sustainable bank

In its functioning, the CEB manages its resources responsibly, with priority given to human resources. The new HR strategy thus intends to foster a diverse talent pool. The CEB also seeks to limit its own carbon footprint. As a bank, the CEB ensures its financial soundness and, furthermore, aims to bring a social mandate to capital markets through social inclusion bonds.

Putting people first

In order to meet its stakeholders’ needs, the CEB must continuously adapt to a changing and dynamic environment, be an employer of choice to recruit and retain highly qualified and diverse international staff, as well as have a forward looking approach to competencies.

At end 2017, the HR Directorate launched a Human Resources Strategy that identified a vision and mission statement while structuring its work around four pillars: HR best practices; CEB staff excellence; efficiency and planning; diversity and culture.

In all, the CEB seeks to enhance national diversity and gender equality, relies on values, encourages communication and feedback, places emphasis on training, and promotes a culture that addresses the health, safety, security and well-being of its staff members (see more…).

Terje Hagen, Director of Human Resources:

What is good for business is good communication, sound management and a motivated workforce. We are first and foremost looking after people in terms of resources, and we are doing this because it’s good for business.

Key HR data at end-2017

At year-end 2017, the CEB’s workforce amounted to 200 permanent staff, with the following features:

  • Number of nationalities represented: up from 31 to 32
  • Staff turnover: 5.2%
  • Breakdown by gender: 54% women / 46% men
    - professional staff (136): 44% women / 56% men
    - support staff (64): 77% women / 23% men
  • Average age: 48 years
  • Average job tenure: 12 years
  • 57% of the staff followed one or more training courses

Ensuring the Bank’s financial soundness

Finance is a public good. Therefore, safeguarding the Bank’s continued financial stability in a European context of economic challenges is extremely important. Even though the CEB does not operate with the intention of maximising profits, its sustainable profitability allows the Bank to expand its capital base, thereby enabling it to channel additional finance towards social projects and to ensure effective development of its activity. Over the last twenty years, more than € 2.4 billion in net profit. In 2017, the net result amounted to € 112 million.

The CEB enjoys high ratings (Aa1 with Moody’s, outlook stable, AA+ with Standard & Poor’s, outlook positive since June 2017 and AA+ with Fitch Ratings, outlook stable) that mirror its strong financial profile, the support of its shareholders and its stringent risk management and liquidity policies. The CEB is also dedicated to applying the best banking standards and practices.

Furthermore, the CEB brings a social mandate to capital markets through social inclusion bonds. In March 2018, the CEB issued its second social inclusion bond worth € 500 million (see more…

Arturo Seco Presencio, Deputy CFO:

There is a natural fit in the objectives of the CEB and the objectives of the social bond market.

Limiting the organisation’s carbon footprint

As part of its environmental responsibilities, the CEB promotes eco-responsible initiatives and assesses its own carbon footprint every year.

In 2017, working with GreenFlex and using its “custom-made” GreenFlex IQ platform, the CEB undertook to refine the analysis of its carbon footprint by improving the system of data collection and by adding new indicators.

In total, within this framework, the CEB's greenhouse gas emissions (GHG) for 2017 amounted to 1,227 tons of CO2, or 6.04 tCO2/ employee.

Actions carried out in 2017 extended the efforts made in recent years to reduce the GHG emissions (see more…).

Related publications
  • Cov CSR Report 2017
    Corporate Social Responsibility Report 2017
    Published: April 2018 Download
  • Cover GRI index
    GRI Index for 2017
    Published: April 2018 Download