We are a socially sustainable bank
The Council of Europe Development Bank (CEB) is a multilateral bank with a unique social vocation. The CEB is tasked to contribute to the social cohesion and sustainable social development of its 41 member states, which are also its shareholders.
Social development at the CEB’s core
The CEB was established in 1956 as a “Resettlement Fund” by eight member states of the Council of Europe. Since then, it has gradually transformed into a fully-fledged multilateral development bank. Faithful to its exclusively social vocation, the CEB's mandate has also evolved over time, broadening and adapting to European social priorities and needs.
The Bank's mandate and mission are defined in its Articles of Agreement. In operational terms, the CEB provides loans and guarantees to finance investment projects meeting a certain number of criteria in diversified sectors of action. The CEB pays particular attention to the quality of the projects it finances, with a view to enhancing their social impact. Technical assistance and monitoring throughout the whole project cycle constitute key factors in the effective implementation of its projects.
The CEB is currently exploring how to incorporate the UN Sustainable Development Goals (SDGs) into its future activities (see more…).
Jérôme Hamilius, Director for European Cooperation and Strategy:
We embrace the 2030 Agenda for Sustainable Development as an opportunity to further promote the CEB’s distinctive social mandate and role in helping our member countries realise the SDGs’ ambition.
Building impactful partnerships
The CEB seeks to leverage its financing and expertise capacities by further strengthening European and international cooperation. Raising additional funds from donors can also make the CEB’s actions more impactful.
In 2018, the CEB deepened its partnerships along three major lines:
- Stepping up cooperation on climate change and resilience
- Stepping up cooperation with sector-specific partnerships
- Cooperating with donors
Compliance at the CEB
Compliance at the CEB is envisaged as aiming for the highest standards of integrity and transparency both within the organisation and in our activities with our stakeholders.
The Office of Chief Compliance Officer (OCCO) ensures that the CEB’s commitment to the highest standards of integrity and ethics, its anti- fraud and anti- corruption framework, and its dedication to the prevention of money laundering and terrorist financing are integrated into all phases of the Bank’s project cycle (see more…).
As a public institution, the CEB also has to be appropriately accountable for its action to a wider range of stakeholders, as the Figure below depicts. To achieve this, the Bank relies on a Public Information Policy (2016) that sets out the principles and rules for disclosure of information (see more…).