As a private company with a government mandate, we see ourselves as role model and are committed to our social responsibility. This is why economic, environmental and social issues are a high priority in our organisation and in what we do. Sustainability affects all employees – from management to the works council. Since 2001, we have been reporting annually on our sustainability activities in our Sustainability Report (GRI Standards: Comprehensive Option).
Our Sustainability Policy
Our sustainability policy reflects our attitude and responsibility towards the long-term, positive economic development in Austria.
Our Sustainability Strategy
We regularly assess global and local trends and contexts. This enables us to ensure that our economic activities have a positive impact on the economy, environment, and society. This also requires that we are constantly ready to refine and adapt our business models, services and processes. Our management addresses these topics in regular strategy development meetings. The objective is to continue acting as a responsible partner for the Austrian economy going forward.
Our sustainability strategy is a holistic one and covers the areas of core business, employees and banking operations. Together with the management teams and the individual departments of OeKB bank group, the new strategy was developed and an implementation plan was drawn up. Together, we push this plan forward and regularly review our progress.
Learn more about the sustainability strategy and the yearly sustainability program in our Sustainability Report.Visualisation of our sustainability strategy
Our contribution to the Sustainable Development Goals (SDGs)
We see it as part of our social responsibility to take a critical look at trends and evaluate emerging opportunities and risks. These challenges include climate change, the scarcity of resources, digitization and Industry 4.0, for example. We are committed to global sustainability initiatives such as the climate targets adopted at the UN climate conference in Paris in 2015 and the Sustainable Development Goals (SDGs) adopted by the international community. The Oesterreichische Entwicklungsbank (OeEB) is the largest contributor to Austrian climate financing in the country. Oesterreichische Kontrollbank AG (OeKB) also contributes significantly to international climate financing in Austria.
We see the implementation of the SDGs as a responsibility for the entire OeKB Group. OeKB can make a significant contribution to achieving the goals for the following SDGs: SDG 1 (no poverty), SDG 4 (quality education), SDG 7 (affordable and clean energy), SDG 8 (decent work and economic growth), SDG 9 (industry, innovation and infrastructure) and SDG 13 (climate action).
OeEB’s work and strategic focus are addressed by the SDGs with their overarching goal of eradicating poverty (SDG 1), as well as by SDG 7 (affordable and clean energy), SDG 8 (decent work and economic growth), SDG 9 (industry, innovation and infrastructure), SDG 13 (climate action) and SDG 17 (partnerships for the goals).
To find out more about our contribution to achieving the SDGs, see our current Sustainability Report.
Organisation: ISS ESG
Status: Prime (February 2023)
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Status: 7 Global Universe (June 2023)
Sustainalytics is a leading global provider of ESG and corporate governance research and ratings. The company helps hundreds of world-class investors integrate ESG and corporate governance insights into their investment processes.
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Organisation: MSCI ESG
Status: A (February 2023)
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Organisation: Moody’s ESG Solutions
Status: ESG-Score 61 out of 100 (May 2021)
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