Public consultation by the EIB on supporting climate action

The European Investment Bank (EIB) has recently announced a public consultation on its approach to supporting climate action. The consultation will run from 12th January 2015 to 16th March 2015.

The consultation seeks to solicit views and input from a wide array of stakeholders on issues such as the Bank’s climate due diligence, assessment tools, processes and procedures, the design and management of specific financial products, and on the Bank’s Corporate Social Responsibility agenda and reporting.

The review process is taking place in parallel to the ongoing climate negotiations on a successor agreement to the Kyoto Protocol. The new agreement is to be concluded in late 2015 and the EIB plans to present its strategic orientations right in time for these events.

The consultation seeks to solicit views and input from a wide array of stakeholders on issues such as the Bank’s climate due diligence, assessment tools, processes and procedures, the design and management of specific financial products, and on the Bank’s Corporate Social Responsibility agenda and reporting.

For the exact timelines of the process, including an indicative timetable, please consult the EIB website.

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