The Bank’s strategy identifies three 'pillars' for measuring the 'value added' (VA) to beneficiaries of the Bank’s lending activities. Investments are screened to determine their level of value added (high, medium, moderate and low).
- Pillar 1: the consistency between each operation and the priority objectives of the EU;
- Pillar 2: the quality and soundness of the project, focusing on identifying the economic and environmental sustainability of the operation; and
- Pillar 3: the contribution made by the EIB, both financial and non-financial.
The Economic and Social Impact Assessment Framework (ESIAF) aims at measuring the Bank's value added when implementing its external mandates.
The main features of the framework are as follows:
- Pillar 1: "Contribution to Overall Mandate Objectives and Priorities": is subdivided into two parts covering respectively the project's contribution to the overall objectives of the Mandate and the contribution to specific regional objectives.
- Pillar 2: "Quality and soundness of the project": economic, environmental, financial, institutional and social.
- Pillar 3: "EIB contribution": financial and non-financial.
For more information on the bank's operating practices in terms of value added, have a look at the
2008 Corporate Responsibility Developments