The mission of the European Investment Bank is to foster sustainable growth within the EU and abroad. We are firmly committed to sustainable development, which is anchored in our strategy and remains the foundation of our business model.
Furthermore, we make a separate economic appraisal of our investment projects to assess the costs and benefits to society as a whole. The economic appraisal takes account of all resources used by the project, whether human, technological or natural, often using shadow prices, including for carbon, and gauges the value the project generates to all stakeholders, to determine whether society at large gains from the investment.
Only projects that fulfil both our financial and our separate sustainability due diligence can be financed by the Bank.
We apply our carbon footprint methodology to all sectors, and not only to climate mitigation projects. We estimate and report the greenhouse gas emissions from projects where emissions are expected to be significant (i.e. above the absolute or relative thresholds). Analysis of the carbon footprint of EIB projects suggests that these two thresholds capture approximately 95% of emission from EIB’s investment projects.