EIF

Companies in the European Union weathered relatively well the health, price and trade shocks of the last four years and have increased their ambitions for green and digital transformation, according to a survey by the European Investment Bank (EIB)

The European Investment Bank (EIB) today released the extensive research conducted by the Vienna Initiative working group on climate change and financial stability, entitled Greening the financial sector: A Central, Eastern and South-Eastern European perspective.

The European Investment Bank (EIB) Climate Investment Report for 2022-23 (EIBIS Climate) shows that the rise in the share of firms engaging in climate action (including energy efficiency) accelerated in 2021, a post-pandemic rebound that is expected to continue. Over the last year, the share of European firms investing in climate has increased by 10 percentage points, reaching 53% on average. The increase has been particularly pronounced in regions such as Central and Eastern Europe (up 15 percentage points) and in small-medium enterprises (up 11 percentage points). Energy-intensive manufacturers have a stronger appetite for climate investments than non-energy intensive firms: 48% of them are currently investing, while 57% are planning to invest.