Global Reporting Initiative (GRI) index

This content is inspired by the Global Reporting Initiative (GRI) Guidelines (version G3.1) and the GRI Financial Services Sector Supplement.

Based on the number of indicators fully reported, the application level is self declared C.

More information over the application levels and the GRI : www.globalreporting.org.

Strategy and Analysis

    Reported Cross-reference

1.1

Statement from the most senior decision-maker of the organization.

Fully

Why?

1.2

Description of key impacts, risks, and opportunities.

Fully

Selection of the appropriate themes

What do we mean by sustainable banking?

Organizational Profile

    Reported Cross-reference

2.1

Name of the organization.

Fully

What is the Belgian financial sector?

What is Febelfin?

2.2

Primary brands, products, and/or services.

Fully

What is Febelfin?

2.3

Operational structure of the organization, including main divisions, operating companies, subsidiaries, and joint ventures.

Fully

What is Febelfin?

Febelfin corporate website

2.4

Location of organization's headquarters.

Fully

Febelfin corporate website

2.5

Number of countries where the organization operates, and names of countries with either major operations or that are specifically relevant to the sustainability issues covered in the report.

Fully

Febelfin corporate website

2.6

Nature of ownership and legal form.

Fully

Febelfin corporate website

2.7

Markets served (including geographic breakdown, sectors served, and types of customers/beneficiaries).

Fully

Febelfin corporate website

2.8

Scale of the reporting organization.

Fully

Febelfin corporate website

2.9

Significant changes during the reporting period regarding size, structure, or ownership.

Not

Not applicable

2.10

Awards received in the reporting period.

Not

Not applicable

Report Parameters

    Reported Cross-reference

3.1

Reporting period (e.g., fiscal/calendar year) for information provided.

Fully

Sources and figures

3.2

Date of most recent previous report (if any).

Fully

First report

Why?

3.3

Reporting cycle (annual, biennial, etc.)

Fully

Biennual

3.4

Contact point for questions regarding the report or its contents.

Fully

Contact

3.5

Process for defining report content.

Fully

Our stakeholders

Selection of themes

Survey of the banks

Sources and figures

3.6

Boundary of the report (e.g., countries, divisions, subsidiaries, leased facilities, joint ventures, suppliers). See GRI Boundary Protocol for further guidance.

Fully

Survey of the banks

Sources and figures

3.7

State any specific limitations on the scope or boundary of the report (see completeness principle for explanation of scope).

Fully

Survey of the banks

Sources and figures

3.8

Basis for reporting on joint ventures, subsidiaries, leased facilities, outsourced operations, and other entities that can significantly affect comparability from period to period and/or between organizations.

Fully

Survey of the banks

Sources and figures

3.9

Data measurement techniques and the bases of calculations, including assumptions and techniques underlying estimations applied to the compilation of the Indicators and other information in the report. Explain any decisions not to apply, or to substantially diverge from, the GRI Indicator Protocols.

Fully

Survey of the banks

Sources and figures

3.11

Significant changes from previous reporting periods in the scope, boundary, or measurement methods applied in the report.

Not

Not applicable

3.12

Table identifying the location of the Standard Disclosures in the report.

Fully

Home

Governance, Commitments and Engagement

    Reported Cross-reference

4.1

Governance structure of the organization, including committees under the highest governance body responsible for specific tasks, such as setting strategy or organizational oversight.

Fully

Febelfin corporate website

4.2

Indicate whether the Chair of the highest governance body is also an executive officer.

Fully

Febelfin corporate website

4.3

For organizations that have a unitary board structure, state the number of members of the highest governance body that are independent and/or non-executive members.

Fully

Febelfin corporate website

4.4

Mechanisms for shareholders and employees to provide recommendations or direction to the highest governance body.

Fully

Febelfin corporate website

4.5

Linkage between compensation for members of the highest governance body, senior managers, and executives (including departure arrangements), and the organization's performance (including social and environmental performance).

Partialy

Does the banking sector pay excessive bonuses? (just information over the general bonus in the sector)

4.8

Internally developed statements of mission or values, codes of conduct, and principles relevant to economic, environmental, and social performance and the status of their implementation.

Fully

How does the sector make its ethical codes work?

Products

4.12

Externally developed economic, environmental, and social charters, principles, or other initiatives to which the organization subscribes or endorses.

Fully

Home

4.13

Memberships in associations (such as industry associations) and/or national/international advocacy organizations in which the organization: * Has positions in governance bodies; * Participates in projects or committees; * Provides substantive funding beyond routine membership dues; or * Views membership as strategic.

Fully

What is Febelfin?

Febelfin corporate website

4.14

List of stakeholder groups engaged by the organization.

Fully

Our stakeholders

4.15

Basis for identification and selection of stakeholders with whom to engage.

Fully

Our stakeholders

Selection of themes

4.16

Approaches to stakeholder engagement, including frequency of engagement by type and by stakeholder group.

Fully

Our stakeholders

Selection of themes

4.17

Key topics and concerns that have been raised through stakeholder engagement, and how the organization has responded to those key topics and concerns, including through its reporting.

Fully

Selection of themes

Product and Service Impact - Performance Indicators

    Reported Cross-reference

FS1

Policies with specific environmental and social components applied to business lines.

Fully

Is the sector involved in Corporate Social Responsibility?

Are financial institutions good companies to work for?

How does the financial sector contribute to social projects?

How does the financial sector ensure that nobody is excluded financially?

How does the sector provide high-quality sustainable products?

Sustainable financial products recommendation

How green is the financial sector?

FS2

Procedures for assessing and screening environmental and social risks in business lines.

Fully

Is the sector involved in Corporate Social Responsibility?

How does the sector provide high-quality sustainable products?

Sustainable financial products recommendation

FS3

Processes for monitoring clients' implementation of and compliance with environmental and social requirements included in agreements or transactions.

Fully

Sustainable financial products recommendation

FS4

Process(es) for improving staff competency to implement the environmental and social policies and procedures as applied to business lines.

Fully

How do the banks identify and communicate their risks?

Does the banking sector pay excessive bonuses?

How does the sector make its ethical codes work?

FS5

Interactions with clients/investees/business partners regarding environmental and social risks and opportunities.

Fully

Is the sector involved in Corporate Social Responsibility?

Are banks selective in what and whom they fund?

Our stakeholders

Selection of themes

FS7

Monetary value of products and services designed to deliver a specific social benefit for each business line broken down by purpose.

Fully

Products

How does the sector provide high-quality sustainable products?

Sustainable financial products recommendation

FS8

Monetary value of products and services designed to deliver a specific environmental benefit for each business line broken down by purpose.

Fully

Products

How does the sector provide high-quality sustainable products?

Sustainable financial products recommendation

FS9

Coverage and frequency of audits to assess implementation of environmental and social policies and risk assessment procedures.

Parialy

Are the risks taken by banks socially responsible? (just existence of audits)

FS11

Percentage of assets subject to positive and negative environmental or social screening.

Partialy

Products

How does the sector provide high-quality sustainable products?

Sustainable financial products recommendation

Economic - Performance Indicators

    Reported Cross-reference

EC1

Direct economic value generated and distributed, including revenues, operating costs, employee compensation, donations and other community investments, retained earnings, and payments to capital providers and governments.

Fully

How does the financial sector support the economy and society?

EC5

Range of ratios of standard entry level wage compared to local minimum wage at significant locations of operation.

Fully

Does the banking sector pay excessive bonuses?

Are financial institutions good companies to work for?

EC7

Procedures for local hiring and proportion of senior management hired from the local community at significant locations of operation.

Partialy

How does the financial sector support the economy and society?

The Belgian financial sector (just the total number of persons employed by the sector)

EC8

Development and impact of infrastructure investments and services provided primarily for public benefit through commercial, in-kind, or pro bono engagement.

Fully

How does the financial sector contribute to social projects?

How does the financial sector ensure that nobody is excluded financially?

EC9

Understanding and describing significant indirect economic impacts, including the extent of impacts.

Fully

Are banks selective in what and whom they fund?

Products

How does the sector provide high-quality sustainable products?

Sustainable financial products recommendation

Environmental - Performance Indicators

    Reported Cross-reference

EN3

Direct energy consumption by primary energy source.

Not

Not available

EN5

Energy saved due to conservation and efficiency improvements.

Partialy

Lifeworld

How green is the financial sector? (just objectives)

EN6

Initiatives to provide energy-efficient or renewable energy based products and services, and reductions in energy requirements as a result of these initiatives.

Partialy

Lifeworld

How green is the financial sector? (just objectives)

EN7

Initiatives to reduce indirect energy consumption and reductions achieved.

Partialy

Lifeworld

How green is the financial sector? (just objectives)

EN18

Initiatives to reduce greenhouse gas emissions and reductions achieved.

Partialy

Lifeworld

How green is the financial sector? (just objectives)

EN26

Initiatives to mitigate environmental impacts of products and services, and extent of impact mitigation.

Partialy

Lifeworld

How green is the financial sector? (just objectives)

Labor Practices and Decent Work - Performance Indicators

    Reported Cross-reference

LA1

Total workforce by employment type, employment contract, and region.

Partially

The Belgian financial sector

LA4

Percentage of employees covered by collective bargaining agreements.

Fully

All (legal requirement)

LA5

Minimum notice period(s) regarding significant operational changes, including whether it is specified in collective agreements.

Fully

Legal requirement

LA6

Percentage of total workforce represented in formal joint management-worker health and safety committees that help monitor and advise on occupational health and safety programs.

Fully

All (legal requirement)

LA8

Education, training, counseling, prevention, and risk-control programs in place to assist workforce members, their families, or community members regarding serious diseases.

Fully

Are financial institutions good companies to work for?

LA9

Health and safety topics covered in formal agreements with trade unions.

Fully

Legal requirement

LA10

Average hours of training per year per employee by employee category.

Fully

Are financial institutions good companies to work for?

LA11

Programs for skills management and lifelong learning that support the continued employability of employees and assist them in managing career endings.

Fully

Are financial institutions good companies to work for?

LA13

Composition of governance bodies and breakdown of employees per category according to gender, age group, minority group membership, and other indicators of diversity.

Fully

Legal requirement

Human Rights - Performance Indicators

    Reported Cross-reference

HR1

Percentage and total number of significant investment agreements that include human rights clauses or that have undergone human rights screening.

Partialy

Are the risks taken by banks socially responsible? (just minimum norm)

HR4

Total number of incidents of discrimination and actions taken.

Partialy

Are financial institutions good companies to work for? (just action to promote diversity)

HR6

Operations identified as having significant risk for incidents of child labor, and measures taken to contribute to the elimination of child labor.

Partialy

Are the risks taken by banks socially responsible? (just minimum norm)

Society - Performance Indicators

    Reported Cross-reference

FS13

Access points in low-populated or economically disadvantaged areas by type.

Fully

How does the financial sector ensure that nobody is excluded financially?

FS14

Initiatives to improve access to financial services for disadvantaged people.

Fully

How does the financial sector ensure that nobody is excluded financially?

SO2

Percentage and total number of business units analyzed for risks related to corruption.

Partialy

How do the banks identify and communicate their risks?

How does the sector make its ethical codes work? (just presence of control and % companies that has an ethical code)

SO3

Percentage of employees trained in organization's anti-corruption policies and procedures.

Partialy

How do the banks identify and communicate their risks?

How does the sector make its ethical codes work? (just the % of persons that have training over ethical codes)

SO4

Actions taken in response to incidents of corruption.

Fully

Some examples for the financial sector

How does the sector make its ethical codes work?

What do banks do to fight fraud?

SO5

Public policy positions and participation in public policy development and lobbying.

Partialy

Good governance in the EU (just examples of lobbying actions)

Product Responsibility - Performance Indicators

    Reported Cross-reference

FS15

Beleid voor eerlijk ontwerp en verkoop van financiële producten en diensten.

Fully

Do the banks’ sales strategies sufficiently take the customer into consideration?

PR3

Type of product and service information required by procedures, and percentage of significant products and services subject to such information requirements.

Partialy

Are bank products sufficiently transparent?

Sustainable financial products recommendation (just for some type of products)

FS16

Initiatives to enhance financial literacy by type of beneficiary.

Partialy

How does the financial sector contribute to social projects? (just initiatives)

Website Mijn geld en ik / Mon argent et moi

PR6

Programs for adherence to laws, standards, and voluntary codes related to marketing communications, including advertising, promotion, and sponsorship.

Fully

Are bank products sufficiently transparent?