BRUSSELS, 23 May 2016 – A group of 13 representatives from ESBG members convened last week in Vienna its 35th Corporate Social Responsibility (CSR) Committee meeting. Held at the brand new headquarters of Erste Group and Austrian Savings Banks Association, the body discussed a wide range of corporate social responsibility topics including green finance, financial education and social responsibility.
Addressing the group was ESBG CSR Committee Chair Wilhelm Kraetschmer, representing the Austrian Savings Banks Association. He highlighted the importance of Corporate Social Responsibility for savings and retail banks in Austria and Europe as an integral part of the business model. That commitment especially shined through in elements of the new building, specifically designed to meet ambitious environmental and energetic targets. The structure provides an example of modern and sustainable architecture that comes in support of well-formed and developed CSR policies.
Coming soon: Financial Literacy Park in Vienna
Committee members also experienced during their visit to Vienna the soon-to-be-unveiled Financial Literacy Park (FLiP) – Europe's largest financial education initiative. Housed in the new Erste Group-Austrian Savings Bank Association building, FLiP provides a concrete example of how savings banks can be meaningful actors in contributing into financial education within their communities. Spread over 1,400 square meters, students visiting the FLiP will have the opportunity to learn about the importance of finance for their personal life and the role that banks fulfil in the economy in an interactive, game-like setting. The park will be freely accessible to the public when it opens its doors later this year.
ESBG, its members and financial education
Through concrete initiatives taken into the fields of green finance, financial education and responsible business practices, ESBG members are linked by strong and binding values that makes them function as truly responsible entities in their operating environment. By supporting the real economy through offering financial solutions to individuals and to small and medium size enterprises in a responsible and sustainable manner, ESBG members are contributing to the economic and social development of the society and are giving back to their communities as part of their identities and business models.
>> Learn more about ESBG and CSR
>> See overview of WSBI-ESBG Charter for Responsible Business principles, case studies