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Description
The EIB Group PATH Framework Version 1.1 October 2022 is an updated edition of The EIB Group PATH Framework published by the EIB on 26 October 2021. Version 1.1 is updated with an additional paragraph (4.28) in support of the REPowerEU plan.
Under the Paris Alignment for Counterparties framework, the EIB is the first multilateral bank to consider not just the climate impact of the projects it finances, but also the wider activity of borrowers. The framework ensures both that projects financed by the EIB are Paris aligned, and that the counterparty is taking steps towards decarbonizing business activity and strengthening resilience to climate change. Under this initiative the EIB offer’s technical support to higher emitting corporate borrowers and financial intermediaries to help them meet the goals of the Paris Agreement and deliver a more sustainable future.
