OeEB – Development Bank of Austria
OeEB was founded in March 2008 as the development bank of the Republic of Austria. Our mission is to promote economically, environmentally, and socially sustainable development by investing in profitable private sector projects in developing and emerging countries.
As an impact investor, all our investments are made with the intent to generate measurable and sustainable development impact in developing and emerging countries. In doing so, we work in accordance with the "Operating Principles for Impact Management".
Measuring results is one of the defining characteristics of impact investing. All the projects we finance have a clear goal to contribute to improving living conditions in developing countries. We therefore regularly collect data from our clients and measure and monitor the impact of our projects.
A comprehensive Results Framework on portfolio level enables us to gauge progress toward the achievement of goals and to adjust relevant activities accordingly. The various indicators of the Results Framework are analysed on an annual basis and presented in our yearly Development Report.
With the introduction of the JIM tool, we aim to place an even stronger focus on analysing GHG emissions at portfolio level. “Climate protection is anchored firmly as a cross-sector goal within our strategy. We see the Joint Impact Model as a great tool to help us better understand our financed emissions which is a key step in our efforts around climate action. The JIM’s great advantage is its alignment with international standards as well as the fact that it allows us to estimate financed emission even in the absence of primary data, which is essential until the data quality at project level improves”, explain OeEB board members Sabine Gaber and Michael Wancata.
In addition to our initial interest for the GHG emissions part of the JIM, we are actively following the development around the value-add and indirect jobs part of the model. Following the increased interest towards harmonizing the reporting methods, we are in the process of testing and evaluating the indirect jobs indicators alongside the GHG emissions.