Eib
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.
DitchCarbon Score
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.
Industry Average
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.
Industry Benchmark
Eib's score of 39 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Eib's reported carbon emissions
In 2023, the European Investment Bank (EIB) reported total carbon emissions of approximately 40,000,000 kg CO2e. This figure includes Scope 1 emissions of about 22,251,000 kg CO2e, Scope 2 emissions of around 4,251,000 kg CO2e, and significant Scope 3 emissions totalling approximately 17,978,000 kg CO2e. Comparatively, in 2022, EIB's total emissions were about 17,352,000 kg CO2e, with Scope 1 at 36,000 kg CO2e, Scope 2 at approximately 4,926,000 kg CO2e, and Scope 3 emissions reaching about 17,000,000 kg CO2e. This indicates a substantial increase in emissions from 2022 to 2023. EIB has not disclosed specific reduction targets or initiatives as part of its climate commitments. However, it continues to monitor and report its emissions across all scopes, demonstrating a commitment to transparency in its environmental impact. The bank's emissions intensity per employee has been reported, with gross greenhouse gas emissions intensity at approximately 4,500 kg CO2e per employee in 2023. Overall, while EIB has made strides in emissions reporting, further details on reduction strategies or targets would enhance its climate commitment profile.
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| 2007 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 933,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000,000 |
| Scope 2 | 373,000 | 0,000,000 | 00,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 16,626,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
