Adjusted economic and financial rates of return

When appraising the economic case for a project resulting in a significant change of greenhouse gas emissions (GHG) we incorporate an economic cost of carbon.

Carbon footprint exercise

An assessment of greenhouse gas (GHG) emissions of the investment projects we finance is carried out based on sector-specific methodologies. We publish project level data on our Public Register and aggregated data for each year’s financing in our Sustainability Report.

Phasing out fossil fuel

We are phasing out our support for energy projects reliant on unabated fossil fuels. These projects include the production of oil and natural gas, natural gas infrastructure and power generation technologies resulting in greenhouse gas emissions above 250g CO2 per kWh of electricity generated. Find out how the EIB is supporting the energy transformation in our Energy Lending Policy, adopted on 14 November 2019.

Climate change risk and vulnerability

For projects, sectors and areas particularly vulnerable to climate change impacts, we require the promoter to consider climate risks and to incorporate adaptation measures into project design and operation. We are rolling out a climate risk management system as part of our climate strategy implementation.

Climate finance tracking

Transparency and credibility are key in mitigation finance reporting. In 2015, the EIB and other multilateral development banks (MDBs), as well as the International Development Finance Club (IDFC), established a set of common principles, definitions and guidelines for climate mitigation finance tracking.
 

Together on climate

The EIB ensures together with its partners that climate considerations are mainstreamed into everything it does.

 

Internal carbon footprint

In addition to measuring the carbon footprint of all our investment projects, we are also committed to reducing our own carbon footprint as one of our corporate responsibility objectives.

 

Climate change and academia

The EIB Institute works closely with the academic community to advance research on climate change and sustainability. As a result of this collaboration, we have sponsored the creation of two Climate Chair positions with the European University Institute and Sciences Po to promote research in the field.