Reporting on sustainability
Our sustainability report provides a broad view of sustainability at the EIB Group. This includes financing and goes hand by hand with the technical assistance and advice that is often necessary to make financing a success for all stakeholders.
Sustainability due diligence demonstrates how we ensure sustainability in carrying out our financing. Certain activities are excluded from financing from the start, and all the projects we support must meet EIB environmental and social principles and standards. We perform a separate economic appraisal as well. Sustainability is also a guiding principle in our borrowing business, where we make financially attractive and environmentally beneficial products available to investors in the bond market.
To consolidate its role as leading climate change financer, the Bank has developed its own carbon footprinting methodology. The EIB reports transparently on its projects’ absolute emissions through a dedicated section in our sustainability report.
Sustainability Report
The EIB Group 2019 Sustainability Report, the key instrument for reporting on the EIB Group’s sustainability performance, is based on the results of a full materiality analysis conducted in 2018 in cooperation with external and internal stakeholders. In order to further strengthen our corporate responsibility credentials, our Sustainability Report is subject to external assurance.
The EIB and the Global Reporting Initiative
The EIB and the Global Reporting Initiative (GRI), an independent international organisation and pioneer of sustainability reporting, have a long history together. The Bank has been applying the GRI reporting framework to its sustainability reports since 2005, and has always achieved and currently maintains the highest level of reporting under the reporting guidelines.
Furthermore, the Bank was the first international financial institution (IFI) to become an early adopter of the GRI G4 guidelines. The Bank adhers to the GRI standards at a comprehensive level, as they will further enhance sustainability disclosure and credibility in the reporting process. Find out more about EIB Group 2019 Sustainability reporting disclosures.
Sustainability Accounting Standards Board (SASB) framework
The EIB also reports in accordance with the SASB framework. Find out more about the EIB 2019 SASB report.
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