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    EU’s climate bank

      Find out more about EIB’s participation at COP27.

    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’s 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.

    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.

    Our climate and environmental sustainability financing

    In 2021, the share of EIB investments that went to climate action and environmental sustainability projects rose to €27.6 billion, or 51%*.

    * Climate action and environmental sustainability financing by the EIB, own resources.
    Including operations financed by the EGF mandate, the EIB’s green financing in 2021 amounted to €27.8 billion, or 43% of total financing.

    Key publications

    Key areas

    Climate action explained

    Our lending is aligned with the Paris Agreement and promotes adaptation, mitigation and environmental sustainability

    Climate Bank Roadmap

    Find out how the roadmap provides a framework to counter climate change and protect the environment during the critical decade ahead

    Environmental sustainability

    We carefully check that our projects meet our environmental and social principles and standards and conform with our corporate responsibility commitments

    Supporting your project

    We work with many parts of the public and private sectors to increase investment in projects that help the climate and environment

    Useful resources

     

    Green & sustainability bonds

    We are among the largest multilateral issuers of green and sustainability bonds.

     

    Together on climate

    The EIB and its partners ensure that climate considerations are mainstreamed into all activities.

     

    Internal carbon footprint

    Not only do we measure the carbon footprint of all our investment projects, we are also committed to reducing our own carbon footprint.

     

    Climate change and academia

    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.

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    2022

    A new vision for facing environmental and social challenges

    The EIB Group adopted a new Environmental and Social Sustainability Framework. The framework shows how we will focus on sustainable and inclusive development for economies and communities across the globe.

    For the first time, a Group-wide Environmental and Social Policy, part of the framework, outlines the Group’s vision on how to address the environmental and social challenges we are facing and uphold human rights in all of our activities.

    2021

    The path to a better planet

    Climate change is affecting every region on Earth, with many of the problems becoming irreversible. This is the make-or-break decade for the planet. Our climate adaptation plan and Paris alignment framework explain how we will make smarter investments for clients around the world based on the latest science, increase support for adaptation projects, improve advisory services, and help everyone transition to cleaner ways of working and living.

    2020

    EU member states approve EIB Group Climate Bank Roadmap 2021-2025
    The Roadmap sets out in detail how the EIB Group will support the objectives of the European Green Deal and sustainable development outside the European Union in the critical decade 2021-2030. It comes at the end of a stakeholder engagement that included two major events in March and June and more than 200 written submissions to the Bank.

    2019

    Adoption of an ambitious Energy Lending Policy
    Following an intensive stakeholder engagement, the EIB Group decides to phase out the financing of unabated fossil fuel energy projects, including natural gas, by the end of 2021. The Energy Lending Policy is a milestone in the Climate Bank’s fight against climate change. The Board of Directors also approves a new ambition for climate and environmental sustainability.

    2018

    The EIB issued its first Sustainability Awareness Bonds on the capital markets, intended to directly support sustainable finance. Initially focused on water projects, starting in 2019 SAB proceeds could be used to support education and health projects and, in 2020, to other financing areas directly related to the fight against COVID-19.

    Watch the video for more information on the Sustainability Awareness Bonds.

    2015

    The EIB adopts its climate strategy, the result of a public consultation that has reviewed the EIB Group’s approach to climate action. The EIB Climate Strategy describes the Bank’s vision for its future work on climate action.

    2013

    Launch of an Emissions Performance Standard (EPS) for all fossil fuel generation projects, which screens out investments whose carbon emissions exceed a threshold level. The EPS becomes part of EIB’s extensive set of climate standards.

    2010

    Adoption of EIB’s Environmental and Social Handbook, setting guidelines to include environmental concerns and human well-being in our projects.

    2007

    The EIB issues the world’s first green bonds on the capital markets, called Climate Awareness Bonds (CABs). The funds raised have help finance renewable energy and energy efficiency projects.

    Starting June 2020, per the EU Taxonomy Regulation, the proceeds from can be used to support other areas of our work to fight climate change, including research, development and deployment of innovative low-carbon technologies, electric rail infrastructure and rolling stock, and electric buses.

    Discover in this video some of the projects that CABs have supported.