In focus
EIB’s record-breaking commitment to climate action
Projects financed by the EIB in 2023 will avert the emission of 5.2 million tonnes of carbon equivalent – which corresponds to the annual carbon footprint of some 520,000 European households – demonstrating the environmental benefits resulting from the Bank’s financing activities.
The EIB committed a record €2.7 billion in new financing for climate adaptation projects in 2023, more than doubling the 2021 figures. These investments are crucial for building resilience against the impact of climate change. They align with our goal of dedicating 15% of the EIB’s climate action financing to adaptation by 2025.
Reporting on performance
EU climate bank
The EIB Group Climate Bank Roadmap 2021–2025 is our response to the European Green Deal. It sets out how we intend to accelerate climate finance, while leaving no one behind. The roadmap transforms the EIB Group into the EU’s climate bank.
The Climate Bank Roadmap has benefitted from a constructive dialogue with a broad range of stakeholders.
Sustainable finance
Sustainability is embedded in all our activities, from the bonds we issue, to the investment standards we apply. As the bank of the European Union, the EIB supports sustainable development in Europe and around the world.
Our due diligence process demonstrates how we embed sustainability in our financing. The projects we support must meet strict environmental and social standards. They also go through an economic assessment. In our sustainability report, we disclose the carbon footprint of projects with significant estimated greenhouse gas (GHG) emissions, which fall above certain thresholds and cover approximately 95% of emissions from the EIB’s investment projects.
Good corporate governance
We want to live up to high standards in everything we do. It is our responsibility to be open, transparent and accountable for our actions towards all stakeholders. Compliance and integrity are core to our corporate culture.
With our commitment to equal opportunity, personal growth, and life-long learning, we strive to be the employer of choice. We care about making a lasting contribution to the communities we operate in.
Environmental management
At the EIB Group, we measure the environmental performance of our internal operations, and work relentlessly to reduce our own carbon footprint. We implement a multitude of initiatives and disclose our improvements on a regular basis.
With our environmental management system in place, we reduce negative environmental impact across our internal activities and pursue ambitious objectives. We are certified under the Eco-Management and Audit Scheme (EMAS) framework, which helps us to continually improve our environmental performance.