The European Investment Bank is the lending arm of the European Union. It’s the biggest multilateral financial institution in the world and one of the largest providers of climate finance.
Stakeholder engagement on our Climate Bank Roadmap
In November 2019, the EIB’s Board of Directors demonstrated the EIB’s commitment to support the energy transition by adopting the new energy lending policy (ELP), which phases out EIB support to energy projects reliant on unabated fossil fuel by the end of 2021.
The Board also approved a new level of ambition for the EIB towards climate action and environmental sustainability. The EIB now needs to turn this ambition into reality and would like interested stakeholders to accompany it in developing its roadmap – the “Climate Bank Roadmap 2021-2025” – that will guide this transition.
The EIB Group Environmental Statement 2020 provides information concerning internal environmental performance and activities of the European Investment Bank (EIB) Group in 2019. It has been prepared and validated in accordance with the EMAS (Eco-Management and Audit Scheme) and ISO14001 standard and reports on the goal set out in EIB Group EMASA Environmental Policy, adopted in 2018.
This document is the EIB Group’s third Environmental Statement and it aligns with our previous Environmental Statements of 2018 and 2019. It was originally expected to be published in June 2020, but was delayed due to Covid 19 restrictions in place at the time of the external audit.
“EMAS offers us the framework to manage and continually improve our internal environmental performance. Furthermore, we influence our suppliers and service providers through the adoption of Green Public Procurement (GPP) practices by including environmental criteria in our tendering processes.” W. Hoyer, President.
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