As part of its corporate responsibility commitments, the EIB has been measuring and managing its carbon emissions resulting from internal activities annually since 2007. Having successfully implemented a number of measures to minimise these emissions in the intervening years, the Bank has now selected a REDD+ project that will allow it to compensate those emissions on an annual basis.
The project has been further awarded the additional distinction of Gold Level status by the CCB for exceptional biodiversity and climate benefits. Not only does Wildlife Work REDD+ protect 500 000 acres of threatened forest in this area, but it also delivers direct social benefits to more than 100 000 people in the surrounding communities, including 4 000 local farmers.
Job creation as a result of this project provides viable alternatives for local forest peoples that have previously had to destroy their environment just to survive. Positions created include conservation rangers, foresters, horticulturalists, factory workers, seamstresses, construction workers, mechanics, and administrative personnel.
For further information on EIB Carbon Emissions from own Activities and greenhouse gas inventory reports since 2007 please click here.
Following the tragedy that struck Beirut on August 4, President Hoyer will speak at the Conférence internationale d’appui et de soutien à Beyrouth et à la population libanaise (International conference on assistance and support to Beirut and the Lebanese people).
The Tánaiste and Minister for Enterprise, Trade and Employment, Leo Varadkar T.D. the Minister for Finance, Paschal Donohoe T.D and the Minister for Agriculture, Food and the Marine, Dara Calleary T.D. today (Thursday the 30th of July) launched a €500 million expansion to the Future Growth Loan, the government’s scheme to support SMEs, farmers and fishing. The additional funding will be provided by the EIB Group.
Pursuant to Article 27 of the Bank’s Rules of Procedure, Ms Beatrice DEVILLON-COHEN (former Managing Director – Head of Derivatives Trading, Société Générale, London) was proposed as a candidate to perform the duties of an observer to the Audit Committee.