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Home / DFI Index / DFI Transparency Index 2023 / OeEB (Austria)
DFI

DFI Transparency Index 2023

OeEB (Austria)

Score:
23.4
Position:
16 / 21

Overview

The Development Bank of Austria (OeEB), is the Austrian development finance institution and wholly-owned subsidiary of Oesterreichische Kontrollbank AG (OeKB). It was established in 2008 with the purpose of financing private investment projects in developing countries and emerging markets. It joined the bilateral European Development Finance Institutions Association (EDFI) in 2008. 

Analysis

OeEB came sixteenth from 21 non-sovereign DFIs assessed with a score of 23.4 out of 100. It came eighth in the Impact Management component but in the bottom five for the other four components of the index. OeEB’s’s overall performance was negatively affected due to the fact that it does not disclose a bulk download export of investment data and does not publish to the IATI Standard. 

OeEB scored 4.71 out of 20 in the Core Information component. It failed to score for seven out of the seventeen indicators, including disclosure/access to information policy, status, domicile, investment instrument, funding source, E&S risk category, and progress dates. It dropped points for format of publication for many indicators due to there not being a bulk download available and for not publishing to the IATI Standard. 

OeEB came eighth in the Impact Management component with a score of 9 out of 25. It got all these points from the organisation-level indicators, including impact measurement approach, sector/country strategies, and evaluations indicators. It did not score for the project-level indicators in this component. 

OeEB scored 7.67 out of 30 in the ESG and Accountability to Communities component. It scored 100% for its E&S and project-level grievance (PGM) community disclosure policies. It also scored points for E&S global disclosure policy. However, it did not score for any other indicators in this component, including project-level indicators. 

OeEB came joint last in the Financial Information component, with 0.75 out of 15. It only scored for the financial reports/statements indicator. Again, it did not score for any project-level indicators. 

OeEB came joint last for the Financial Intermediary (FI) Sub-investments component with a score of 1.25 out of 10. It did not score for any organisation-level indicators and only scored for the FI (bank) use of funds indicator at the project level. 

Core Information 4.71 / 20
Impact Management 9 / 25
ESG & Accountability to Communities 7.67 / 30
Financial Information 0.75 / 15
Financial Intermediary Sub-investments 1.25 / 10

Recommendations

  • OeEB should create a disclosure/access to information policy in line with industry best practices and the DFI Transparency Tool. 
  • It should become an IATI publisher and disclose all investments to the IATI Standard. 
  • It should make its data available in a bulk download format to improve useability and accessibility. 
  • OeEB should disclose further Core Information data including unique identifier, status, disbursement data, E&S risk category, date of activity disclosure, approval date, signature date, and last update date. It should consistently disclose the sub-national location, domicile details, sub-sector, investment instrument, total investment cost, funding source, and client contact details. 
  • It should disclose project-level Impact Management indicators, including additionality statement, activity indicators/metrics, and results. 
  • OeEB should disclose project-level ESG and Accountability to Communities indicators, including summary of E&S risks and E&S documentation. 
  • It should develop an early disclosure policy covering, at a minimum, high risk projects and disclose investments in line with the policy. 
  • OeEB should create an independent accountability mechanism (IAM), following best practice examples and incorporate disclosure requirements for an IAM into existing policies. 
  • It should provide assurance of community disclosure for investments when disclosure is required. 
  • For Financial Information indicators it should disclose currency of investment, concessionality, mobilisation, and instrument-specific details (share of equity, interest rate loan tenor, and length of guarantee). It should consistently disclose for the repeat investment and co-financing indicators. 
  • OeEB should create a policy for the disclosure of FI sub-investments in line with Publish What You Fund’s DFI Transparency Tool. 
Core Information 4.71 / 20
Impact Management 9 / 25
ESG & Accountability to Communities 7.67 / 30
Financial Information 0.75 / 15
Financial Intermediary Sub-investments 1.25 / 10

Deep Dive

Core Information

4.71 / 20
18 / 21
About component

The basic information that describes a DFI’s organisational policies and investments. This type of information is typically found in key organisation documents and represents the first tier of project information, typically disclosed on project web pages or in files available for bulk download. At the organisation level this includes access to information policies and annual reports. At the project level, this includes project titles, locations, and key dates.

Disclosure / access to information policy

Score: 0 out of 3

Accessibility

Score: 0.67 out of 2

Annual reports

Score: 0.75 out of 1

Project identification

Score: 0.25 out of 1

Status

Score: 0 out of 1

Project description

Score: 0.5 out of 1

Location

Score: 0.25 out of 1

Domicile (non-sovereign only)

Score: 0 out of 1

Sovereign / non-sovereign

Score: 1 out of 1

Sector

Score: 0.25 out of 1

Investment instrument

Score: 0 out of 1

Project costs

Score: 0.17 out of 1

Funding source

Score: 0 out of 1

Client

Score: 0.5 out of 1

Contacts

Score: 0.38 out of 1

E&S risk category

Score: 0 out of 1

Progress dates

Score: 0 out of 1

Impact Management

9 / 25
8 / 21
About component

The ways in which a DFI predicts, measures, and evaluates the impacts of their investments. At the organisation level, this includes an impact measurement approach. At the project level, this includes activity indicators/metrics and results.

Impact measurement approach

Score: 3.75 out of 5

Sector / country strategy

Score: 2.25 out of 3

Evaluations

Score: 3 out of 3

Additionality statement (non-sovereign only)

Score: 0 out of 2

Activity indicators / metrics

Score: 0 out of 6

Results

Score: 0 out of 6

ESG & Accountability to Communities

7.67 / 30
16 / 21
About component

The ways in which a DFI predicts, mitigates, and communicates the ESG aspects of their activities. At the organisation level this includes E&S global disclosure policy and E&S community disclosure policy. At the project level this includes E&S plans and assessments, and assurance of community disclosure.

E&S global disclosure policy

Score: 1.67 out of 5

E&S community disclosure policy

Score: 4 out of 4

IAM global disclosure documentation

Score: 0 out of 2

IAM community disclosure policy

Score: 0 out of 2

PGM community disclosure policy

Score: 2 out of 2

Summary of E&S risks

Score: 0 out of 2

E&S project plans / assessments

Score: 0 out of 4

Assurance of E&S community disclosure

Score: 0 out of 2

Beneficial ownership (non-sovereign only)

Score: 0 out of 2

IAM global disclosure

Score: 0 out of 1

Assurance of IAM community disclosure

Score: 0 out of 2

Assurance of PGM community disclosure

Score: 0 out of 2

Financial Information

0.75 / 15
13 / 21
About component

This information provides details on the financial performance of DFIs and the structuring of investments. At the organisation level, this includes audited financial reports. At the project level, this includes currency of investment, mobilisation, and concessionality

Financial reports / statements

Score: 0.75 out of 1

Repeat investment

Score: 0 out of 1

Currency of investment

Score: 0 out of 1

Co-financing

Score: 0 out of 3

Concessionality (non-sovereign only)

Score: 0 out of 3

Mobilisation (non-sovereign only)

Score: 0 out of 3

Instrument-specific disclosure

Score: 0 out of 3

Financial Intermediary Sub-investments

1.25 / 10
9 / 21
About component

This information relates to the ways in which investments in FIs are used. At the organisation level, this includes FI sub-investment policy. At the project level, this includes private equity fund sub-investments and FI (bank) sub-investments.

FI sub-investment policy

Score: 0 out of 3.75

Private equity fund sub-investments

Score: 0 out of 2.5

FI (bank) use of funds

Score: 1.25 out of 1.25

FI (bank) sub-investments

Score: 0 out of 2.5