European Investment Bank provides draft climate action strategy for review

The European Investment Bank (EIB) is carrying out a review on its approach to supporting climate action. A related public consultation was open from 12th January 2015 to 16th March 2015. The consultation involved meetings with stakeholders.

The review process is taking place in parallel to the on-going climate negotiations before the global climate summit (COP 21) to be held later this year in Paris. The new agreement is to be concluded in late 2015 and the EIB plans to present its strategic orientations right in time for COP21.

The consultation sought 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.

Draft Climate Action Strategy for discussion at EIB Board of Directors

Taking into account feedback and input received from stakeholders throughout the consultation process, a draft EIB Climate Action Strategy was prepared and submitted for discussion at the EIB Board or Directors. The revised strategy is accompanied by a Consultation Report that summarizes the consultation process and a so-called Issues Matrix that provides the EIB’s feedback to all points raised by stakeholders in their written contributions. The EIB Board of Directors is expected to discuss the draft strategy in its meeting on 22 September 2015.

The draft strategy is available on EiB website.

Here is your chance to make your views known.