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EIB Staff Report Shows Fear of Speaking Up

EIB Staff Report Shows Fear of Speaking Up

by Starling Insights

Starling Insights Editorial Board

Sep 04, 2024

Observations

A staff survey conducted at the European Investment Bank (EIB) in 2023 revealed that half of its staff feared reprisal for reporting misconduct, such as bullying, harassment, or fraud, as reported by the Financial Times.

The leaked survey results showed that only 14% of respondents were satisfied with the outcomes after speaking up, and just 40% believed the bank would protect whistleblowers. These results reflect broader dissatisfaction with the bank's ethical standards, with only minor improvements in perceptions of professionalism and integrity since 2019. The survey highlighted concerns about a culture of favoritism and opaque human resources processes within the Luxembourg-based institution. Many staff members expressed a lack of confidence in the bank's whistleblower protections, with one employee describing the system as "dysfunctional."

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