In 2019 the EIB Board of Directors approved a new set of ambitious targets for climate action and environmental sustainability. The three key elements are:
- The EIB Group will support €1 trillion of investments in climate action and environmental sustainability in the critical decade from 2021 to 2030;
- The EIB will gradually increase the share of its financing dedicated to climate action and environmental sustainability to exceed 50% of its operations in 2025;
- The EIB Group will align all its financing activities with the principles and goals of the Paris agreement by the end of 2020.
The EIB Group has created a Climate and Environment Advisory Council, consisting of leaders from academia, business, civil society and international organisations. The Advisory Council will provide independent advice and expertise on the activities that the EIB Group is carrying out to reach its climate action and environmental sustainability ambitions. Among the topics covered, focus will be on the Climate Bank Roadmap and on our activities to support adaptation to the impacts of climate change, as well as the EIB Group Paris Alignment for Counterparties framework. Find out more.
A plan for the future of the planet
The EIB Group Climate Bank Roadmap 2021-2025 will guide our ambition. It is the result of various rounds of engagement with civil society and other stakeholders.
The Roadmap outlines our bold ambitions for climate finance to back the European Green Deal and make Europe carbon-neutral. It maps the next stages in the journey to sustainable investment and provides a framework to counter climate change and protect the environment during the critical decade ahead.
Download the Climate Bank Roadmap
Read the blog article about our Climate Bank Roadmap, outlining our bold ambitions for climate finance to back the European Green Deal and make Europe carbon-neutral
More on the stakeholder engagement
Implementing our climate ambition in Europe and beyond
It is essential to retrain workers and create new jobs in areas where coal mines and CO₂-intensive activities have historically been a major source of employment and economic activity. Although we expect the green transition to create around 500 000 jobs in Europe by 2050, we are working hard to ensure that our financing contributes to a just transition for those regions or countries most affected, so that no one is left behind in the fight against climate change.
In 2015, the EIB committed to increase its climate lending to 35% of its total investment in developing countries by 2020. The EIB Group applies the same environmental and social standards to evaluate projects inside and outside the European Union.
Key publications
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The EIB Group Paris alignment framework - Low carbon: Version 1.1
Version 1.1 November 2023 - Supporting alignment of new EIB Group operations with the temperature goal of the Paris Agreement
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Mid-term review of the EIB Group Climate Bank Roadmap
This review summarises the EIB Group’s progress in delivering on its Climate Bank Roadmap 2021-2025. The Roadmap lays out how the EU bank would support the European Green Deal and a just transition to low-carbon, climate-resilient and environmentally sustainable development.
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Transport Lending Policy 2022: The Way Forward
The EIB’s Transport Lending Policy identifies priorities for EIB support to the transport sector and the provision of mobility services, in line with the limits set by the EIB group’s Climate Bank Roadmap.
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The EIB Group Climate Bank Roadmap 2021-2025
Our new global plan to tackle the urgent climate challenges over the next critical decade.
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EIB energy lending policy
This document informs EIB’s stakeholders on how the Bank supports EU energy policy (including updated technical annexes).
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The EIB Climate Adaptation Plan
The EIB’s first dedicated Adaptation Plan will strengthen investment and technical support to protect projects from the impact of more extreme weather and increase climate resilience of existing and new infrastructure.
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The EIB Group PATH Framework: Version 1.2
Version 1.2 November 2023 - Supporting counterparties on their pathways to align with the Paris agreement
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The EIB Environment Framework
How is EIB supporting environmental investments across the world and enhancing the environmental impact and risk assessment of its operations and activities?
Key areas
Our lending is aligned with the Paris Agreement and promotes adaptation, mitigation and environmental sustainability
We carefully check that our projects meet our environmental and social principles and standards and conform with our corporate responsibility commitments
We work with many parts of the public and private sectors to increase investment in projects that help the climate and environment
Stay up to date
- 2022 Joint Report on Multilateral Development Banks' Climate Finance
- Joint MDB Methodological Principles for Assessment of Paris Agreement Alignment of New operations
- Joint Report on MDB Climate Finance 2021
- MDB Principles for Long-Term Strategy (LTS) Support
- MDB Just Transition High-Level Principles
- Joint Report on MDB Climate Finance 2020
- Joint MDB Statement in the margins of the 2019 UN Climate Action Summit
- Joint Report on MDB Climate Finance 2018
- Joint Declaration by the Multilateral Development Banks at Katowice, COP24
- Joint Report on MDB Climate Finance 2017
- Integrating Climate Change Information and Adaptation in Project Development (EUFIWACC)
- Intégration d’informations sur le changement climatique et de l’adaptation dans le développement de projets (EUFIWACC)
- Joint Report on MDB Climate Finance 2016
- Joint Statement by the Multilateral Development Banks at Paris, COP21
- Common Principles for Climate Change Adaptation Finance Tracking
- Common Principles for Climate Mitigation Finance Tracking
- Tracking Climate Co-Finance: Approach Proposed by MDBs
- Joint Report on MDB Climate Finance 2015
- Joint Report on MDB Climate Finance 2014
- Joint Report on MDB Climate Finance 2013
- Joint Report on MDB Climate Finance 2012
- Joint MDB Report on Adaptation Finance 2011
- Joint MDB Report on Mitigation Finance 2011