The research is based on the rating of 100 of the largest commercial banks scored regarding their pursuit of material environmental, social and governance (ESG) issues over a ten-year period (2007-2017). Applying the materiality approach of the Sustainability Accounting Standards Board (SASB), it shows that those who consistently scores well on material ESG issues, also delivers higher than average financial returns. Taking into account the limitations of the data available, this higher financial return is estimated to be about 200bps.
The Global Alliance for banking on Values regroups banks and banking cooperatives from around the world committed to advance positive change in the banking sector.
On 29 September, EIB Vice-President Ambroise Fayolle took part in the launch of the European Raw Materials Alliance. The creation of this industry-driven alliance is part of the European Commission’s Action Plan on Critical Raw Materials to reduce Europe’s dependency for non-energy raw materials used in industrial value chains through exploration, resource efficiency and improved recycling, and was presented on 3 September 2020.
The European Investment Bank has joined the newGlobal Energy Alliance for People and Planet (GEAPP) that was launched on 2 November 2021 at the COP26 World Leaders Summit. The new Alliance has made an initial $10 billion commitment to accelerate and scale a more equitable green energy transition and renewable power in developing countries worldwide.