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 39 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, the European Investment Bank (EIB), headquartered in Luxembourg (LU), reported total carbon emissions of approximately 22,251,000 kg CO2e. This figure includes 22,251,000 kg CO2e from Scope 1 emissions, 4,251,000 kg CO2e from Scope 2, and 17,978,000 kg CO2e from Scope 3 emissions. The EIB has demonstrated a commitment to reducing its carbon footprint over the years. In 2022, total emissions were about 17,352,000 kg CO2e, indicating a significant increase in emissions in 2023. However, the bank has not set specific reduction targets or initiatives as per the latest data available. Historically, the EIB's emissions have fluctuated, with total emissions recorded at approximately 27,280,000 kg CO2e in 2018 and 5,745,000 kg CO2e in 2019. The bank's emissions intensity per employee has also varied, with a gross intensity of about 4,910 kg CO2e in 2022. While the EIB has not disclosed specific reduction targets or climate pledges, it continues to report on its emissions across all three scopes, reflecting its ongoing commitment to transparency in its climate impact.
Access structured emissions data, company-specific emission factors, and source documents
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 |
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.