European savings banks to contribute actively to EU CSR alliance

The European Savings Banks Group (ESBG) welcomes the adoption of the European Commission's Communication on Corporate Social Responsibility (CSR) and the definition of policy orientations at EU level to strengthen companies' CSR engagement.

Savings banks throughout Europe have a long-standing commitment in the various fields of CSR and bring a decisive contribution to community development thanks to their locally focused project policy, based on the proximity relationship with stakeholders and beneficiaries.

The EU action plan will further encourage these activities, developed through a continuous and constructive dialogue will all parties involved.

The ESBG is convinced that initiatives led by the European Commission, in partnership with market representatives, will lead to progress in the various CSR fields. It supports the principle of targeted and open coalitions of market players and stakeholders for the development of joint projects.

Chris De Noose, chairman of ESBG's management committee, pointed out however: "The European alliance for CSR will require the implication of all categories of businesses active on European markets, including those with a local, regional or national focus, such as the European savings banks.

"These economic players are one of the driving forces for European competitiveness and innovation and their contribution to the success of EU projects will be crucial."