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EBRD Global Reporting Initiative report addresses Banks diversity

EBRD Global Reporting Initiative report addresses Bank's diversity

 June 24, 2021

Working for a Bank that takes seriously its commitment to environmental, social and governance (ESG) issues is key.

The European Bank for Reconstruction and Development (EBRD) has issued its first stand-alone Global Reporting Initiative (GRI) disclosure report, stepping up its sustainability reporting and increasing transparency - and the report contains a specific section on diversity and equal opportunities. This section reports on aspects like activity from the Bank's Diversity and inclusion employee networks, clubs and how keeping-connected initiatives provide staff with the opportunity to belong and connect.

Additionally, the Bank’s Strategic Implementation Plan includes its ambition to achieve a gender split of 50/50 on their succession plans. The EBRD’s diversity and inclusion progress is reported annually to the Budget and Administrative Affairs Committee and focuses on four strategic areas: gender, talent management, culture and values difference.

The diversity and inclusion agenda is of key importance to the Bank. It is led by the EBRD’s Executive Committee and senior leadership, who champion and promote equality and review progress regularly. The Bank has a dedicated resource within HROD and a number of proactive employee networks, including African-Caribbean, Asian, Connect, Disability, Family, Spectrum (LGBT) and Young Professionals. Working hand in hand with the Bank’s Diversity and Inclusion Steering Group, these networks promote and increase awareness of all aspects of diversity and inclusion and shape an exciting calendar of initiatives and events across the EBRD’s regions.

The new report provides stakeholders with a compact, comprehensive overview of the EBRD’s approach to environmental, social and governance (ESG) issues.

Helping organizations understand their impact and increase accountability

The GRI report addresses requests from investors and rating agencies for detailed information on the Bank’s own ESG policies and performance as an organisation. Information on the environmental and social impact of the Bank’s investment and policy engagement activities can be found in the EBRD’s Sustainability Report.

The structure of the GRI report was informed by the results of a public survey of stakeholders and staff to assess which information was deemed material, in line with GRI standards. The GRI Standards help organisations understand their impact, increase accountability and enhance transparency on their contribution to sustainable development.

Work underpinned by a clearly defined set of standards 

While the Sustainability Report focuses on telling the story of the Bank’s environmental, climate and social activities, the GRI disclosure report is more about the EBRD’s policies, standards and performance across a wide range of ESG topics, human resources and integrity.

The EBRD’s work is underpinned by a clearly defined set of standards, including a strong environmental and social policy, as it strives to develop a healthy investment climate and promote environmentally and socially sound, sustainable development.


EBRD is looking for individuals who are passionate about sustainability

Through EBRD's financial investments, business services and involvement in high-level policy dialogue, the Bank is well placed to promote sustainable, entrepreneurial economies with opportunities for all. EBRD invests primarily in private sector clients whose needs cannot be fully met by the market.

The EBRD's mission is to develop open and sustainable market economies in countries committed to and applying democratic principles. The Bank is looking for individuals who share this passion and drive.

Is that you? Find a job at the EBRD.

 

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Disclosure: Where Women Work researches and publishes insightful evidence about how its paid member organizations support women's equality.

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