Sustainable finance, sustainable growth
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.
Sustainability due diligence
The EIB appraises and monitors all the investment projects it finances with regard to their sustainability credentials such as environmental, social and governance aspects. Certain activities are completely excluded from EIB financing and are discarded from the beginning. In a next step, all projects supported have to meet EIB environmental and social principles and standards.
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.
In the spotlight
The EIB Group 2019 Sustainability Report provides an overview of the European Investment Bank Group’s operations and impact as they relate to our objective to support smart, sustainable and inclusive growth in a challenging European and global context.
The EIB has created an e-learning course providing the required knowledge and skills for financial intermediaries to implement our EU-based environmental and social standards.
The EIB Group puts corporate social responsibility and sustainability at the heart of its activities. This flyer presents the vital components of sustainability at the EIB Group.
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.
The EIB also has its own internal carbon footprint which is measured separately.
Committed to transparency and accountability
As the EU bank, we strive to be exemplary in terms of the transparency and accountability of our work. We proactively publish information and actively engage with stakeholders. The EIB Transparency policy sets the principles applying to access to information and to stakeholder engagement.