The European Investment Bank (EIB) today released its 2023 Sustainability Report, the results of which showcase its achievements in the areas of climate action and environmental sustainability. The report underscores the commitment of the European Investment Bank Group, which consists of the European Investment Bank and the European Investment Fund, to promoting sustainable development and inclusive growth through strategic investments and innovative projects in Europe and globally.
EIB-financed projects included our 2023 reporting will mitigate the emission of 5.2 million tonnes of carbon equivalent – which corresponds to the annual carbon footprint of some 520,000 European households – demonstrating the environmental benefits resulting from the Bank’s financing activities.
The EIB committed a record €2.7 billion in new financing for climate adaptation projects in 2023, more than doubling the 2021 figures. These investments are crucial for building resilience against the impact of climate change and align with the goal of dedicating 15% of the EIB’s climate action financing to adaptation projects by 2025.
