1. Transparency in the EIB EIB and Information policy Roundtable meeting 29 June 2005

2. “We have changed our perception of the EIB and the EIB has changed its own perception of its responsibilities “ M. Alain Lipietz, MEP, 7 th March 2005 Transparency in the EIB

3. EIB Strategy New transparency policy published June 2004 Public consultation on Disclosure and Information Policy Review May 2005

4. Transparency in the EIB A cultural change

5. Recent developments: Transparency action plan based on the EIB Board of Directors’ decision of June 15 th, 2004 : 87 % achieved In 18 months, an increase of 50% in the stock of documents disclosed through the EIB website www.eib.org www.eib.org Governance, strategy, policy, operations, finance Transparency in the EIB

6. Publishing the Corporate Operational Plan Is distributed to each member of staff Is published on the website Translates strategic objectives into priority initiatives Presents operational priorities, indicators and targets Presents the allocation of resources Transparency in the EIB

7. Fighting fraud, corruption and money laundering Antifraud policy including whistleblower protection Close cooperation with OLAF Creation of an Inspection panel for citizens who cannot access the European Ombudsman Transparency in the EIB

8. The Bank in the EU institutional set-up : Environment High on the agenda A high level of lending : 35 % of individual loans in 2004 or EUR 10.4bn Applying the highest environmental standards : the case of the Equator Principles All point source emission limits and ambient pollution standards are stricter in the EU Directives We intend to join forces with the Commission and others and promote the EU agenda on this matter Transparency in the EIB

9. Publishing the Annual Report of the Audit Committee Transparency in the EIB

10. Controls & Evaluation Audit Committee External auditors Inspector General: Internal Audit + Operations Evaluation Internal Control Frameworks European Court of Auditors OLAF European Ombudsman Risk Management Compliance Office Management Control Basel II Transparency in the EIB

11. Governance Statement on Governance at EIB Corporate Social Responsibility Transparency in the EIB

12. Dialogue with the European Parliament and the Economic and Social Committee Cooperation with the Assembly and Committees Report on implementation of European Parliament resolutions on EIB activity Economic and Social Committee Transparency in the EIB

13. Sound financial practices EIB at the forefront Addressing the right of citizens to transparent and clear financial information EIB early adopter of international standards Transparency as a discipline for good management Transparency in the EIB

14. The difficult tasks of promoting Europe European Directives vs Equator Principles Transparency in the EIB

15. Public Consultation Objective: Highest level of transparency Through its various financial activities the Bank ultimately delivers a service to European citizens Consequently we want to better explain these activities, enhance the perceived value of its operations, strengthen support by decision-makers and shapers Tools: Increased transparency – Information and Disclosure Transparency in the EIB

16. Public Consultation Trade-off between EIB’s objectives : provide as much information as possible to all interested parties legal duty to protect the private and market-sensitive interests of business counterparts EIB wants to remain a lean institution: efficiency is important for its customers, its shareholders, the European citizen and all other stakeholders Transparency in the EIB

17. Aarhus EIB supports Aarhus EIB will apply the Regulation Our disclosure policy will reflect the Aarhus Regulation Transparency in the EIB

18. A B ank and a E uropean I nstitution A E uropean I nstitution and a B ank Transparency in the EIB

19. Disclosure and Information Policy Review A public consultation www.eib.org Transparency in the EIB