Case study: The European Investment Bank’s (EIB) strategies and initiatives to support sustainable employment and growth in Europe
As the bank of the European Union, the EIB steps up its response to the changing economic conditions that occurred as a consequence of the 2008 global financial crisis. It does so through a range of policies and initiatives aimed at boosting jobs and growth in Europe in the face of a debt and investment crisis.
In the aftermath of the 2008 financial crisis, supporting sustainable employment and growth in Europe is a matter of crucial importance for the EIB as the EU bank, as it lies at the heart of Europe’s economic revival. In order to support sustainable employment and growth in Europe the EIB took action to:
• finance strategic new projects
• offer technical assistance and advisory services via a European Investment Advisory Hub (EIAH)
• support innovation and skills through initiatives such as InnovFin (between 2014 and 2020 it is expected that the InnovFin products will make available more than EUR 24bn of financing for research and innovation) and
• provide access to finance for smaller businesses – in 2014 the EIB Group financed SMEs and midcaps in Europe to the tune of EUR 25.5bn
Using the GRI Standards in order to maintain and increase the value of your company
With each publication in this series the FBRH team will highlight one key impact identified by a company reporting in accordance with the GRI Standards and show how it has taken a structured, systematic approach to improving performance. With such positive action companies build trust, by dealing responsibly and conscientiously with their impact on the environment and on their stakeholders (e.g. clients, suppliers, shareholders, local communities, NGOs or local government). Stakeholders that can hold it back or stop it from reaching its objectives
By building trust your company creates loyalty and long-term commitment to its services and brands
