EIB relations with Civil society

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EIB relations with Civil society

The EIB attaches great importance to engaging with civil society and building cooperative relations with its representatives. An active dissemination of information and a constructive dialogue with civil society organisations (CSOs) are essential to improve public knowledge of and trust in the EIB as well as the Bank's ability to respond to public expectations.

The EIB acknowledges that CSOs can have a valuable input in the development of its policies and activities and provide useful information on projects the Bank considers for financing because of their understanding of local issues. The Bank engages with CSOs to address questions and issues of common interest. The EIB actively seeks contacts with organisations that can help the public and, more specifically, citizens affected by its operations find their way to information about the Bank.

EIB Climate Strategy reinforces Bank’s support to climate action lending

Following an in-depth review, including a public consultation, the EIB’s Board of Directors has adopted the EIB Climate Strategy on 22 September 2015. The EIB Climate Strategy strengthens the impact of the Bank’s engagement for climate related investment while mainstreaming climate change considerations across all of the Bank’s standards, methods and processes. The strategy also consolidates the minimum target of at least EIB 25% of lending in support of climate action, and ensures that EIB financing leverages and sustains growing investment from the private sector in support of the transition to a low-carbon economy.

Board of Directors agrees high transparency standards for EIB Group

The European Investment Bank (EIB) Group has adopted revised rules that govern its approach to transparency, access to information and stakeholder engagement on 6 March 2015. The revised EIB Group Transparency Policy maintains the high level of transparency provided for in the previous version and its guiding principles will apply to the whole EIB Group (European Investment Bank and European Investment Fund).

The EIB and IATI

A clear link exists between the transparency of aid and development finance and its potential for a lasting impact. For this reason, the EIB has signed up to the International Aid Transparency Initiative (IATI), which has developed a common standard for the publication of aid and development finance flows with the aim of increasing effectiveness in tackling global poverty. We have been working with the IATI Secretariat to put in place the guidelines for DFIs/IFIs and will start to publish in accordance with IATI standards in September/October 2014.