OREANDA-NEWS. In July 2016, Vigeo Eiris, one of the world’s leading Corporate and Social Responsibility (CSR) rating agencies, completed its biennial assessment of the African Development Bank (AfDB) and found the Bank’s overall CSR performance as advanced in absolute terms, a one notch upgrade from the previous rating of robust.

AfDB was given a score of 63 out of 100 possible points, a 10-point increase from the previous rating, and is ranked third within its peer group, which, since the last rating review, has expanded from eight to 10 multilateral development banks. The rating and accompanying scores mark a significant improvement in Vigeo Eiris’ assessment of AfDB’s CSR performance, reflecting an ever-increasing focus and attention dedicated to all environmental, social and governance (ESG) related matters at the Bank.

AfDB saw improvements in five out of six CSR categories, including the Environment, Human Rights, Community Involvement, Business Behavior and Corporate Governance.