The Bank’s strategic objectives, which are determined by the European Council, the Council of the European Union, the Board of Governors and the Board of Directors, are incorporated each year into the EIB's Corporate Operational Plan (COP), which formulates and quantifies the priorities and goals over three years and is central to the work of staff.
To support its mission and the execution of its strategy, the EIB has adopted the Balanced Scorecard (BSC) methodology in its planning process.
The Strategy Map serves as the basis for each yearly planning cycle when defining the Bank’s priorities. These priorities are supported by a balanced set of performance indicators. Targets are set for both the indicators and the different lines of the profit and loss account, and progress towards the execution of the strategy is monitored.
To complement the BSC methodology in the planning process, other tools are used, such as a cost accounting system and traditional budget reports.
In June 2005, the Bank’s Board of Governors endorsed a strategy document entitled Towards a New Strategy for the EIB Group which confirmed the EIB Group’s main task of supporting growth and employment within the Union and helping to advance the Lisbon Agenda while serving the development objectives and policies of the Union.
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