CSR integration in public administrations. The case of EIB and ICO

Abstract

Increasingly public institutions are committed to give a social responsible approach to reach a business development. The European Investment Bank and the Official Credit Institute as public financial organisms try to comply with some commitments as public entity and financial institution. They intend to comply with the responsibilities of a good corporate government respecting codes of ethics and principles of Global Compact. Both institutions finance and carry out projects with sustainability criteria. In this way, there are raising of resources and financial management. They expect to get positive results in relation with the promotion of the economic growth and employment respecting environment contributing to society welfare. Moreover, they intend to comply with accountability and transparency as exemplary entities. Because of that, they publish sustainability reports indicating its content and quality. This study reflects the accomplishment of these financial institutions in relation to CSR.