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 |
|
1.2 |
Description of key impacts, risks, and opportunities. |
Fully |
Organizational Profile
Reported | Cross-reference | ||
---|---|---|---|
2.1 |
Name of the organization. |
Fully |
|
2.2 |
Primary brands, products, and/or services. |
Fully |
|
2.3 |
Operational structure of the organization, including main divisions, operating companies, subsidiaries, and joint ventures. |
Fully |
|
2.4 |
Location of organization's headquarters. |
Fully |
|
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 |
|
2.6 |
Nature of ownership and legal form. |
Fully |
|
2.7 |
Markets served (including geographic breakdown, sectors served, and types of customers/beneficiaries). |
Fully |
|
2.8 |
Scale of the reporting organization. |
Fully |
|
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 |
|
3.2 |
Date of most recent previous report (if any). |
Fully |
First report |
3.3 |
Reporting cycle (annual, biennial, etc.) |
Fully |
|
3.4 |
Contact point for questions regarding the report or its contents. |
Fully |
|
3.5 |
Process for defining report content. |
Fully |
|
3.6 |
Boundary of the report (e.g., countries, divisions, subsidiaries, leased facilities, joint ventures, suppliers). See GRI Boundary Protocol for further guidance. |
Fully |
|
3.7 |
State any specific limitations on the scope or boundary of the report (see completeness principle for explanation of scope). |
Fully |
|
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 |
|
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 |
|
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 |
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 |
|
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 |
|
4.4 |
Mechanisms for shareholders and employees to provide recommendations or direction to the highest governance body. |
Fully |
|
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 |
|
4.12 |
Externally developed economic, environmental, and social charters, principles, or other initiatives to which the organization subscribes or endorses. |
Fully |
|
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 |
|
4.14 |
List of stakeholder groups engaged by the organization. |
Fully |
|
4.15 |
Basis for identification and selection of stakeholders with whom to engage. |
Fully |
|
4.16 |
Approaches to stakeholder engagement, including frequency of engagement by type and by stakeholder group. |
Fully |
|
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 |
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? |
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? |
FS3 |
Processes for monitoring clients' implementation of and compliance with environmental and social requirements included in agreements or transactions. |
Fully |
|
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? |
FS5 |
Interactions with clients/investees/business partners regarding environmental and social risks and opportunities. |
Fully |
Is the sector involved in Corporate Social Responsibility? |
FS7 |
Monetary value of products and services designed to deliver a specific social benefit for each business line broken down by purpose. |
Fully |
How does the sector provide high-quality sustainable products? |
FS8 |
Monetary value of products and services designed to deliver a specific environmental benefit for each business line broken down by purpose. |
Fully |
How does the sector provide high-quality sustainable products? |
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 |
How does the sector provide high-quality sustainable products? |
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 |
|
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? How does the sector provide high-quality sustainable products? |
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 |
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 |
How green is the financial sector? (just objectives) |
EN7 |
Initiatives to reduce indirect energy consumption and reductions achieved. |
Partialy |
How green is the financial sector? (just objectives) |
EN18 |
Initiatives to reduce greenhouse gas emissions and reductions achieved. |
Partialy |
How green is the financial sector? (just objectives) |
EN26 |
Initiatives to mitigate environmental impacts of products and services, and extent of impact mitigation. |
Partialy |
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 |
|
LA4 |
Percentage of employees covered by collective bargaining agreements. |
Fully |
|
LA5 |
Minimum notice period(s) regarding significant operational changes, including whether it is specified in collective agreements. |
Fully |
|
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 |
|
LA8 |
Education, training, counseling, prevention, and risk-control programs in place to assist workforce members, their families, or community members regarding serious diseases. |
Fully |
|
LA9 |
Health and safety topics covered in formal agreements with trade unions. |
Fully |
|
LA10 |
Average hours of training per year per employee by employee category. |
Fully |
|
LA11 |
Programs for skills management and lifelong learning that support the continued employability of employees and assist them in managing career endings. |
Fully |
|
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 |
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 |
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 |