Every project supported by OeEB contributes to local, sustainable development. Sustainable business and sustainable growth are our tools for maintaining and developing economic, ecological and social progress. This principle characterises our treatment of colleagues, customers, principals and project partners.

We make development responsible and develop responsibility.

Sustainable practices both in our project activities and in-house are highly important to us: Under the umbrella of the proven sustainability management of OeKB Group, we have made significant strides in this respect over the past years. Since 2012, OeEB's sustainability reporting forms part of the OeKB Group report.

Our sustainability policies

  • We are mindful of the conservation of resources and the social consequences of our actions.
  • We act with adherence to all legal requirements and use a holistic approach. We strive to take the affected people and their intercultural environment as well as environmental and social aspects into consideration.
  • Good communication with all stakeholders is important to us. We consider dialogue a chance to develop ourselves and make a contribution to the successful sustainability of our work.
  • We only execute projects with foreseeable and controllable risks in order to make a successful and sustainable contribution to economic success.
  • Long term business success includes responsible management of natural resources, which we consider the foundation of life for upcoming generations. This is how we ensure our capacity to act as a business and strengthen our position.

We contribute to achieving the Sustainable Development Goals.

In 2015, the United Nations agreed on 17 Sustainable Development Goals (SDGs) which set a vision for the world in 2030 and range from ending poverty to providing access to affordable, clean energy and creating decent jobs and economic growth. The SDGs serve as central points of reference for our work and strategic positioning.

As part of the United Nations' 2030 Global Agenda, Austria promised to support developing countries in their implementation of the sustainable development goals (SDGs). As the official development bank of the Republic of Austria, we consider ourselves to be one of the key institutions responsible for fulfilling this promise.

Our contribution to implementing the SDGs can be illustrated on two basic levels:

As an institution:

Our mandate specifically mentions the objective of combating poverty by means of private sector development and our role as a provider of finance which complements the classic ODA. Therefore, all our projects contribute to the achievement of SDG 1 "No poverty" and SDG 17 "Partnerships for the goals".

The specific contributions made by our projects:

Besides economic feasibility, our projects always have clear developmental goals which are geared towards the SDGs. The achievement of these project objectives is assessed annually and reported as a "main contribution" towards the respective SDG. Due to our activity in the private sector and the abovementioned thematic focus areas, these are mainly (but not exclusively):

  • SDG 7 "Affordable and clean energy" (focus sector renewable energy)
  • SDG 8 "Decent work and economic growth" (above all via focus sector MSME/ financial inclusion)
  • SDG 9 "Industry, innovation and infrastructure" (focus sector infrastructure)
  • SDG 13 "Climate action" (horizontal goal of climate financing)

Furthermore, our projects frequently realize outcomes beyond their core business area, which constitute added developmental value within the meaning of the SDGs. This is measured and reported as an "additional material contribution" (for example: promoting women employees, compliance with particularly high environmental and social standards etc.).

Relevant 2016

Continue reading

Read more about the Sustainable Development Goals and how we contribute to achieving them in our magazine "Relevant" (in German).

We compensate for our air miles with reforestation projects.

The international nature of our projects means that air travel is unavoidable for OeEB employees. We compensate for the carbon dioxide emissions with reforestation projects run by BOKU, the University of Natural Resources and Life Sciences, Vienna, during which CO2 is offset by newly planted forests. The projects, which include strong participation of the local population, also contribute to the protection of soil and biodiversity and receive scientific support from BOKU.

Contact us

Oesterreichische Entwicklungsbank AG - OeEB
T +43 1 5331200-0
F +43 1 5331200-5252