- Luxembourgish firms are more likely to have already invested in mitigating climate change impacts compared to the EU average
- Compared to EU firms, Luxembourgish companies are more integrated into international trade.
- Luxembourgish firms are satisfied with their overall level of investment over the last three years
Almost all firms in Luxembourg have taken actions to reduce greenhouse gas emissions, such as waste minimisation and investment in energy efficiency, according to the European Investment Bank (EIB) Group Investment Survey country results released today. The survey for Luxembourg also shows that companies in the country are satisfied with their overall level of investment over the last three years, though a significant minority reports investment gaps.
The EIB Group Investment Survey (EIBIS) is an annual report based on polling of approximately 13,000 firms across all EU member states, with an additional sample from the United States. Its main results were released in October, showing that EU businesses lead way in investments in climate mitigation and adaptation.
The detailed country reports for individual member states are released today. When it comes to Luxembourg, key takeaways include:
- Compared to EU firms, Luxembourgish firms are more integrated into international trade (75% versus 63%).
- Luxembourgish firms are more likely to have already invested in mitigating climate change impacts compared to the EU average (74% vs. 61%).
- Almost all (97%) Luxembourgish firms have taken actions to reduce greenhouse gas emissions, more than in the EU (91%). Key strategies adopted by firms include investment in waste management and sustainable transport.
- Compared to the EU average, there is a lower share of Luxembourgish firms with more than 40% of women in senior management (15% vs. 23%).
- Luxembourgish importing firms are diversifying their suppliers to strengthen supply chain resilience. They are more likely to explore sourcing from more countries than EU firms (31% vs. 19%)
"European companies are making significant progress in tackling climate change and embracing digital transformation across the board," remarked EIB Chief Economist Debora Revoltella. "However, enhancing EU investment necessitates a more cohesive and integrated single market."
The full country report about Luxembourg is available here.
Survey results feed into the annual Investment Report, the flagship publication of the EIB Group’s Economics Department, gauging the investment outlook for Europe’s economy. The next Investment Report will be released on 5 March 2025 during the annual EIB Group Forum in Luxembourg.
The annual Forum brings together key stakeholders from the government, business and finance domains to exchange views on investment priorities that support Europe's policies, including industrial decarbonisation, artificial intelligence, the Capital Markets Union, security, housing and EU enlargement. The theme of this year’s event is Investing in a more sustainable and secure Europe.
Background information
The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, the capital markets union, and a stronger Europe in a more peaceful and prosperous world.
The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.
In 2024, the EIB Group signed €250 million in new financing for projects in Luxembourg.