Stakeholder engagement

The involvement of stakeholders is an integral part of our work and contributes to policy making, supervision, research, communications and decision making. The Central Bank is committed to engaging with our stakeholders, including consumers, regulated firms, the media, business partners, Government and regulated firms in a transparent and efficient manner.

Our Communications Division manages all internal and external communications. Internally it crafts messages to inform, engage and empower our staff through a variety of internal communications channels. Externally, it communicates the organisation’s key messages to the public and the media and manages the organisation’s digital profile, from its website to its social media channels.

The Central Bank is fully committed to complying with the legislative provisions contained in the Freedom of Information Act 2014, which the Central Bank became subject to in April 2015. Our FOI unit works to provide members of the public with access to information held by the Central Bank to the greatest extent possible, consistent with the public interest and right to privacy.

Socially Responsible Procurement

The Central Bank is committed to being socially responsible in our purchasing activity and aims, where possible, to implement the European Commission guide ‘Buying Social - A Guide to Taking Account of Social Considerations in Public Procurement’ to promote social considerations such as:

  • employment opportunities
  • compliance with social and labour rights
  • social inclusion (including persons with disabilities)
  • equal opportunities
  • accessibility design for all
  • taking account of sustainability criteria, including ethical trade issues and wider voluntary compliance with Corporate Social Responsibility (CSR), while observing the principles enshrined in the Treaty for the European Union (TFEU) and the Procurement Directives

The Central Bank is also committed to the protection of the environment and the promotion of sustainable development, while pursuing best value for money for its contracts. This commitment is achieved through the procurement process by:

  • Complying with all relevant environmental legislation, regulations, approved codes of practice, applicable licenses and with other requirements to which the organisation subscribes
  • Specifying the use of environmentally-friendly processes and products where possible
  • Ensuring that appropriate consideration is given to the costs and benefits of environmentally-friendly alternatives offered by suppliers

In addition, the Central Bank works to ensure its suppliers are paid in a timely manner in adherence with the European Communities (Late Payment in Commercial Transactions) Regulations.