Initiatives
We recognise the impact that our actions have on the world around us and look to act in a responsible and sustainable manner. To build further on our sustainability in the years ahead, we have focused on four key areas that we monitor and measure on an ongoing basis: trust and integrity, people, environment and society.
Sustainability integrated in our overall business strategy Trust and Integrity
As a financial products and services provider, we understand the role we must play in helping to restore trust in our industry. To this end, we continuously work to inspire, maintain and strengthen the trust of our clients, employees and other stakeholders.
Our frameworks, standards and policies are the basis for our culture of integrity and trust. This culture is further upheld through our values and everyday actions, especially when dealing with dilemmas that are not inherently right or wrong. We avoid activities and transactions that border on the permissible or go against the spirit of the law or ethical principles of proper conduct. Being transparent about how we deal with these dilemmas, both internally and externally, helps to build trust.
NIBC’s policies and principles to support integrity, transparency and compliance include our Code of Conduct, Business Principles and Compliance Framework.
Our frameworks, standards and policies are the basis for our culture of integrity and trust. This culture is further upheld through our values and everyday actions, especially when dealing with dilemmas that are not inherently right or wrong. We avoid activities and transactions that border on the permissible or go against the spirit of the law or ethical principles of proper conduct. Being transparent about how we deal with these dilemmas, both internally and externally, helps to build trust.
NIBC’s policies and principles to support integrity, transparency and compliance include our Code of Conduct, Business Principles and Compliance Framework.
People
We offer a stimulating working environment where our people feel safe and feel free to be themselves. Respect and inclusiveness are important values. And we invest in the development and growth of our people, because our success ultimately depends on both the quality and the job satisfaction of our people.
We also believe it is important to instil a culture that reflects our core values and aspirations. In 2022 we adopted a set of principles, which we call PACE, to guide our everyday actions and decisions, differentiate ourselves from other banks. The principles are; Professional, Adaptive, Collaborative and Entrepreneurial; and they best sum up who we are and how we work.
NIBC values diversity and views it as a competitive advantage in the market. By having a workplace in which employees can be who they are, and where different views are respected, NIBC becomes stronger as an organisation. Diversity at NIBC comprises different gender, nationalities, ages, cultures, as well as social or personal differences.
NIBC adheres to all applicable employment legislation and additionally complies with best practices and standards with regards to labour standards and human rights. These include:
Additionally, we are taking concrete steps to embed human rights and labour standards into our indirect relationships with clients.
- Universal Declaration of Human Rights
- United Nations Global Compact
- OECD Guidelines for Multinational Enterprises
- NVP (professional guidelines respecting applicant rights)
- UN Guiding Principles on Business and Human Rights
Additionally, we are taking concrete steps to embed human rights and labour standards into our indirect relationships with clients.
The NIBC Management Board establishes Human Resources goals, while HR managers are tasked with implementing the HR strategy. They work with the Business Unit managers, who are responsible for implementing the relevant policies and tools, such as the Performance Management Cycle which comprises mid-year reviews, end-of-year reviews and remuneration. Special attention is paid to development, such as training programmes and diversity promotion programmes.
Through the annual Employee Engagement Survey employees are asked to provide their views on topics relevant to the organisation, including strategy, leadership, management and teamwork. We use the survey results, which are shared among all employees, to guide our organisational development
The NIBC Employees' Council represents all NIBC employees based in the Netherlands and ensures that management objectives are aligned with those of employees.
Through the annual Employee Engagement Survey employees are asked to provide their views on topics relevant to the organisation, including strategy, leadership, management and teamwork. We use the survey results, which are shared among all employees, to guide our organisational development
The NIBC Employees' Council represents all NIBC employees based in the Netherlands and ensures that management objectives are aligned with those of employees.
Environment
We manage our direct impact on the environment through an environmental sustainability programme.
Carbon neutral
Climate change, biodiversity loss, and water scarcity are signs of unprecedented pressure on the environment and the planet’s ecological limits. NIBC is committed to reducing negative impacts on the environment in our business activities and helping clients in their transition towards more responsible practices.
NIBC’s ambition is to support the transition to a sustainable economy with a goal of limiting global warming to 1.5 degrees Celsius in line with the Paris Agreement. Since 2010, we have measured our carbon emissions, realised substantial reductions and purchased certified gold standard carbon offsets for any remaining emissions. In addition, 100% of electricity used in NIBC’s facilities is purchased from clean, renewable sources.
NIBC aims to reduce adverse climate risks and impacts related to the assets we finance and to pursue positive impacts. Climate is an opportunity for NIBC to engage with our clients and to develop products and services which help our clients to transition and adapt to a changing environment.
Carbon neutral
Climate change, biodiversity loss, and water scarcity are signs of unprecedented pressure on the environment and the planet’s ecological limits. NIBC is committed to reducing negative impacts on the environment in our business activities and helping clients in their transition towards more responsible practices.
NIBC’s ambition is to support the transition to a sustainable economy with a goal of limiting global warming to 1.5 degrees Celsius in line with the Paris Agreement. Since 2010, we have measured our carbon emissions, realised substantial reductions and purchased certified gold standard carbon offsets for any remaining emissions. In addition, 100% of electricity used in NIBC’s facilities is purchased from clean, renewable sources.
NIBC aims to reduce adverse climate risks and impacts related to the assets we finance and to pursue positive impacts. Climate is an opportunity for NIBC to engage with our clients and to develop products and services which help our clients to transition and adapt to a changing environment.
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