Summary sheet
This framework loan will support the Societé Wallonne du Crédit Social (SWCS), a regional promotional bank specialising in energy-efficient renovations in private residential buildings in the Walloon region, Belgium.
The loan will support the energy-efficient renovation of approximately 16,550 houses and apartments in the Walloon region between 2024-2027. It will contribute to Renopack, an interest-free loan provided by the Walloon government to finance energy-efficient home renovations for less-privileged populations.
This operation aims to generate environmental benefits by financing sub-projects focused on energy efficiency involving the reduction of energy consumption, as well as mitigation and adaptation solutions to climate change. Each sub-project will be limited in size and its negative environmental impact will be limited due to its scale, location and technical nature.
In most cases, EU Directives on public procurement will not apply, as the financed building works will be ordered and carried out by individual homeowners, who are the final beneficiaries. However, public procurement rules will apply to contracts between SWCS and artisans or other companies.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
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Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
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