The European Investment Bank (EIB), headquartered in Luxembourg (LU), is a pivotal institution in the financial sector, primarily focused on providing funding and expertise for sustainable development projects across Europe and beyond. Established in 1958, EIB has played a crucial role in financing infrastructure, innovation, and environmental initiatives, contributing significantly to the EU's economic growth. With a strong presence in major operational regions including the EU member states and neighbouring countries, EIB offers a diverse range of financial products and services, such as loans, guarantees, and advisory services. Its commitment to sustainability and social impact sets it apart in the banking industry. Recognised for its robust market position, EIB has achieved notable milestones, including financing billions in projects that align with the EU's climate goals, reinforcing its status as a leader in development finance.
How does Eib's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Eib's score of 42 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2024, the European Investment Bank (EIB) reported total carbon emissions of approximately 280,000,000 kg CO2e. For the previous year, 2023, the EIB's emissions were broken down into Scope 1 emissions of about 22,000 kg CO2e, Scope 2 emissions of approximately 4,251,000 kg CO2e, and Scope 3 emissions of around 17,978,000 kg CO2e. This indicates a significant reliance on Scope 3 emissions, which typically encompass indirect emissions from the value chain. The EIB has set ambitious climate commitments, aiming for a 50% reduction in absolute greenhouse gas emissions by 2030, using 2020 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions, reflecting a strong commitment to decarbonisation. The EIB's reduction initiatives are part of a broader strategy to enhance sustainability and mitigate climate impact. The emissions data is not cascaded from any parent organization, indicating that the EIB independently reports its emissions and climate commitments. The bank's ongoing efforts to reduce its carbon footprint align with industry standards and reflect a proactive approach to addressing climate change.
Access structured emissions data, company-specific emission factors, and source documents
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2018 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Scope 1 | 933,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
Scope 2 | 6,366,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Scope 3 | 16,626,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Eib is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.