Stakeholder engagement on the EIB Group’s Climate Bank Roadmap 2021-2025: Turning ambition into reality
In November 2019, the EIB’s Board of Directors approved a new level of ambition for the EIB towards climate action and environmental sustainability.
The EIB now needs to turn this ambition into reality and would like interested stakeholders to accompany it in developing its roadmap – the “Climate Bank Roadmap 2021-2025” – that will guide this transition.
The EIB is soliciting your views and inputs on how the Bank can best achieve its ambitions.
Please click on the various tabs below for more information.
In November 2019, the EIB’s Board of Directors demonstrated the EIB’s commitment to support the energy transition by adopting the new energy lending policy (ELP), which phases out EIB support to energy projects reliant on unabated fossil fuel by the end of 2021.
At the same Board meeting, the EIB’s Board of Directors also approved a new level of ambition for the EIB Group towards climate action and environmental sustainability. The three elements of this ambition are to:
- increase the share of EIB’s financing dedicated to climate action and environmental sustainability to reach 50% by 2025;
- help unlock at least €1 trillion of investments dedicated to climate action and environmental sustainability from public and private partners by 2030; and
- align all financing activities with the principles and goals of the Paris Agreement by the end of 2020.
This will be further complemented by our commitment to support a just transition.
Building on this, the EIB Group now needs to turn this ambition into reality across all of its activities. It would like interested stakeholders to accompany it in developing its roadmap – the “Climate Bank Roadmap 2021-2025” – that will guide this transition. This roadmap will provide a detailed strategic and operational framework for its activities on climate action and environmental sustainability over the first five years of its commitment, i.e. 2021-2025.
Building on previous engagement with stakeholders
The 2020 Seminar between the EIB’s Board of Directors and civil society took place in Luxembourg on 4 February 2020 and focussed on the EIB’s role, as the EU Climate Bank, in supporting the European Green Deal and addressing the critical decade ahead for climate change. During the Seminar, the EIB Group announced the launch of the stakeholder engagement on its future “Climate Bank Roadmap” for the next five years (2021-2025).
The EIB Group is now engaging on the Climate Bank Roadmap 2021-2025. This engagement builds upon two previous, fruitful consultations with stakeholders on policy documents: one in 2015 on the Climate Strategy, and another in 2019 on the ELP. Although agreed before the Paris Agreement, the EIB Climate Strategy already commits the Bank, in spirit, to update its lending policies in line with the most recent scientific knowledge and EU policy.[1] Many of the responses received through the ELP consultation also addressed the wider issue of “Paris alignment.”[2]
Furthermore, engagement on the EIB Group’s Climate Bank Roadmap 2021-2025 builds on the technical exchange on climate action at the EIB that the Bank organised on 25 October 2019. This workshop offered an informal opportunity for stakeholders to share their views on the EIB’s increased ambition on climate action and environmental sustainability, the implications of being the EU’s Climate Bank and the key elements for aligning EIB’s financing activities with the goals of the Paris Agreement.
Contributing to the overall sustainability framework of the EIB Group
The Climate Bank Roadmap will determine how the EIB Group will implement the new ambition over the period 2021 to 2025. The scope of this ambition is broad – touching upon the climate, environmental and social aspects underpinning sustainable development. Engagement on the Climate Bank Roadmap 2021-2025 will complement future public consultations, including most immediately the EIB transport lending policy and the EIB Environmental and Social Statement and the related Standards, which are due to start in 2020.
[1] For more details on the 2015 Climate Strategy consultation, please see the associated stakeholder Issues Matrix.
[2] For more details on the 2019 ELP consultation, please see the associated stakeholder Issues Matrix.
| Date | Status |
|---|---|
| 6 Mar 2020 | Launch of stakeholder engagement |
| 23 & 26 Mar 2020 | First stakeholder engagement webinars |
| 24 Apr 2020 | First deadline for contributions |
| 15 June 2020 | Publication of EIB’s position paper, including additional questions |
| 25 June 2020 | Second stakeholder engagement webinar |
| 9 July 2020 | Final deadline for contributions |
| From 10 July 2020 | Publication of all stakeholder contributions |
| 4th quarter 2020 | Publication of consultation report |
| 4th quarter 2020 | Presentation of the Climate Bank Roadmap 2021-2025 to the EIB’s Board of Directors |
| 4th quarter 2020 | Publication of the approved Climate Bank Roadmap 2021-2025 on the website |
The development of the Climate Bank Roadmap 2021-2025 will be an iterative process.
To supplement the original guiding questions, and to guide the discussions during the second series of webinars on 25 June, the EIB Group has prepared a position paper outlining the EIB Group’s emerging position on the risks and opportunities in two key areas. This position paper includes a second set of more specific questions (see below).
- Comments received by 24 April 2020 have informed the EIB’s internal discussions and the above mentioned position paper that will be discussed during the second stakeholder webinars on 25 June 2020;
- Contributions received between 25 April 2020 and 9 July 2020, on either questionnaires, will inform the final stages of the internal discussions, before the Climate Bank Roadmap 2021-2025 is submitted to the EIB’s governing bodies.
The EIB Group will acknowledge receipt, but will not provide individualised feedback. An engagement report summarizing the process and the main elements of the feedback received from stakeholders will be prepared and published by the fourth quarter of 2020.
All contributions will be considered as public and posted on this website (see “Stakeholder contributions” tabs).
When submitting their contributions online via SmartSurvey or via email to cbr2025@eib.org, contributors may request the EIB not to publish their personal information (i.e. first name, surname, function and email address) that is included in the "About you" section of the SmartSurvey or in the header and signature of their emails. Contributors remain responsible for any information in their contributions that may enable their identification.
Supplementary questions (15 June 2020)
To structure the second round of this stakeholder engagement, and to complement the guiding questions below, a second set of more specific questions can be completed directly online, via the SmartSurvey available here.
Alternatively, the completed Word version of the questionnaire can be emailed to cbr2025@eib.org
Guiding questions (6 March 2020)
To structure this engagement opportunity, the EIB has developed some guiding questions that highlight the crucial issues on which the EIB would like your feedback.
The questions can be completed directly online, via the SmartSurvey available here.
Alternatively, the completed Word version of the questionnaire can be emailed to cbr2025@eib.org.
A second series of engagement webinars will be organised on Thursday 25 June 2020. They will provide an opportunity for the EIB Group to present progress made and the direction the EIB Group is taking in the various areas of work. More information can be found here.
First round of stakeholder engagement
A first series of webinars took place on 23 and 26 March 2020. These webinars offered an opportunity for a direct exchange between interested stakeholders and the EIB Group. The programmes and the presentations of the four sessions can be found hereafter. The minutes will be available shortly.
For more information on the March events, please click here.
- Webinar 1 - Paris alignment: Programme - Presentation - Summary of discussions
- Webinar 2 - Sustainable finance: Programme - Presentation - Summary of discussions
- Webinar 3 - Impact measurement: Programme - Presentation - Summary of discussions
- Webinar 4 - Increasing environmental sustainability investments and leaving no one behind: Programme - Presentation - Summary of discussions
Once the consultation period has ended on 9 July 2020, the EIB will upload all contributions received, to this tab.
For more information on the preferred format for the contributions, please click on the “Key questions” tab.
The EIB Group will acknowledge receipt, but will not provide individualised feedback. An engagement report summarizing the process and the main elements of the feedback received from stakeholders will be prepared and published during the fourth quarter 2020.
An engagement report summarizing the process and the main elements of the feedback received from stakeholders will be prepared and published here during the 4th quarter of 2020.
The final Climate Bank Roadmap 2021-2025 will also be available here once approved by the EIB Group’s governing bodies.
This website will be regularly updated as documents and information become available.
If you would like to be kept up to date on this process, and are not on the Civil Society’s mailing list, please send cbr2025@eib.org an email with your contact details.
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