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The critical decade

Climate change is threatening our lives, societies and economies, causing an unprecedented loss of biodiversity and destroying ecosystems. This is the make-or-break decade. It is also an opportunity to build a more resilient, prosperous world. As the climate bank, we put climate action and environmental sustainability at the heart of everything we do.

  Follow us at the UN Climate Conference (COP29)

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ENEL

What is climate action?

To avert the most disastrous effects of climate change, we must reduce carbon emissions 45% by 2030. Climate action is any policy, project or initiative that cuts greenhouse gases, strengthens our ability to prepare for and manage the effects of climate change, or supports these goals. This can include a wide range of activities, from financing sustainable transport to the construction of energy efficient buildings to investing in innovative green technologies.

A longstanding leader

For nearly 20 years, we have been a leader in climate and environment finance.

World’s first green bond

We launch our Climate Awareness Bond – the world’s first green bond – to finance renewables and energy efficiency projects. It has since grown to include environmental projects like research and development into low-carbon technologies, and sustainable transport.

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Prioritising people and planet

We establish guidelines integrating environmental and social concerns into our projects with the publication of our Environmental and Social Handbook (now known as the European Investment Bank Environmental and Social Standards).

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A new climate strategy

We unveil our EIB Climate Strategy at the UN Climate Change Conference (COP21) in Paris. It outlines our vision and commitments on climate action and environmental sustainability.

UNclimatechange via flickr

Sustainability Awareness Bond

We take environmentally and socially conscious investing a step further with the introduction of our Sustainability Awareness Bond. We start with financing water projects before expanding our support to areas like education and health.

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Phasing out fossil fuels

We move to phase out unabated fossil fuel energy projects, including natural gas, with the launch of our ambitious Energy Lending Policy.

Soregies, 2023

The climate bank

Our Board of Directors approves the EIB Group Climate Roadmap 2021-2025, which outlines our goals for supporting the European Green Deal and make Europe carbon-neutral by 2050. A mid-term review is published in 2023.

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Rising to the challenge

We publish our first group-wide Environmental and Social Policy, which, as part of our Environmental and Social Sustainability Framework, lays out how we will address environmental and social challenges while upholding human rights in our activities.

© hadynyah/Getty Images

A just transition and just resilience for all

As one of the largest multilateral providers of climate finance, we are deeply committed to ensuring efforts to decarbonise and build climate-resilient communities are fair and do not exacerbate inequalities. With the publication of EIB Global’s approach to a just transition and just resilience, we present how, together with partners, we can support countries, clients and organisations beyond the EU in pursuing a just transition and a just resilience.

Yann Arthus-Bertrand

IN FOCUS

Climate action and environmental sustainability overview 2024

This publication lays out our goals to set the economy on a path to net zero and how our lending is helping to get us there.

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Our stories

Individual stories speak far louder than figures and charts. Learn how our work is leading the way to a greener future.

Our publications

Understanding climate action and environmental sustainability is key to taking action. Explore our latest research, economic studies, surveys and other resources.