We have still a long way to go when it comes to climate. But the result shows that the Bank is transforming faster than anyone could have expected into the EU climate bank.
The European Investment Bank is one of the world’s main financiers of climate action and environmental sustainability.
The decade 2021-2030 is critical to address our planet's climate and environment emergency. To achieve this, trillions of investment are required. We must:
- limit global warming to 1.5°C above pre-industrial levels by the end of this century,
- adapt to the unavoidable impacts of climate change
- combat environmental degradation,
- halt biodiversity loss, and
- stop widening inequalities.
The European Union is at the forefront of the global fight against climate change and environmental degradation. With the European Green Deal, the EU aims at making the European economy sustainable and inclusive. The EIB is an important partner in this new growth strategy, while playing a leading role in the implementation of the Paris Agreement and the Sustainable Development Goals.
We put sustainable development at the heart of our activities. All our projects must meet our Environmental and Social Standards, with social development considerations increasingly mainstreamed in everything we do.
EIB Vice-President Fayolle on current and future challenges facing the EU climate bank
EU climate bank
Find out more about EIB’s participation at COP28.
The EIB Group Climate Bank Roadmap 2021-2025 guides our climate ambition. The Roadmap signals the urgency of the climate and environment crisis and represents our commitment, as the EU climate bank, to support the European Green Deal, help Europe become the first carbon-neutral continent by 2050 and contribute to the achievement of the UN Sustainable Development Goals.
Our climate and environmental sustainability financing
In 2022, the share of EIB investments that went to climate action and environmental sustainability projects rose to €36.5 billion, or 58%*.
Curious about the green transition?
Key publications
Key areas
Our lending is aligned with the Paris Agreement and promotes adaptation, mitigation and environmental sustainability
Find out how the roadmap provides a framework to counter climate change and protect the environment during the critical decade ahead
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
Useful resources
We are among the largest multilateral issuers of green and sustainability bonds.
The EIB and its partners ensure that climate considerations are mainstreamed into all activities.
Not only do we measure the carbon footprint of all our investment projects, we are also committed to reducing our own carbon footprint.
The EIB Institute works closely with the academic community to advance research on climate change and sustainability. We have sponsored the creation of two Climate Chair positions with the European University Institute and Sciences Po to promote research in the field.