Why can a third of European Investment Bank lending evade the Bank’s environmental and social rules?
September 21, 2021
The European Investment Bank’s (EIB) financial intermediaries (FIs) help the EIB to reach smaller clients than it would otherwise be able to finance. The EIB’s global lending via intermediaries amounted to EUR 22.6 billion in 2020. In the EU, credit li
A third of European Investment Bank lending evades environmental and social rules
September 21, 2021
More than a third of the European Investment Bank (EIB)’s EU lending is carried out via intermediaries. Yet most of this money disappears into a black hole, with no information published about the final beneficiaries and no checks by the EIB about their environmental and social impacts. The EIB’s new safeguard framework is supposed to address this, but the draft text leaves the Bank far behind its peers.
Making human rights a true priority of the EIB: Joint CSOs statement
September 14, 2021
Bankwatch, together with civil society organisations worldwide, is closely following the ongoing review of the EIB’s Environmental and Social Sustainability Framework (ESSF). The draft Environmental and Social Policy and related standards proposed by t
Joint civil society letter to EIB’s President Werner Hoyer on Bank’s Environmental and Social Sustainability Framework (ESSF)
September 14, 2021
Bankwatch, together with civil society organisations worldwide, is closely following the ongoing review of the EIB’s Environmental and Social Sustainability Framework (ESSF). In this context, we sent several joint CSO submissions highlighting concrete
Green Shoots in Serbia a Worry for Ruling Party and Opponents
August 31, 2021
Never before seen as a priority for impoverished Serb voters, green issues are forcing themselves onto the political agenda ahead of …
Добыча золота в центре недавних политических потрясений в Кыргызстане
August 27, 2021
Один житель села Каныш-Кия Чаткальского района прокомментировал беспорядки. По его словам, жителей региона «беспокоит загрязнение …
Fossil gas investments undermine green recovery in Romania
August 9, 2021
Despite strong criticism from the European Commission, the Romanian authorities are determined to use the EU recovery fund for massive investments in fossil gas and hydrogen.
The EU Bank about to fail becoming a responsible lender
August 6, 2021
The European Investment Bank (EIB) is closing today the public consultation as part of the review of its Environmental and Social Sustainability Framework. A large group of civil society organisations (CSOs) sent today written contributions highlighting their disappointment with the EIB proposals, and calling for concrete actions to ensure that the EIB will operate as a responsible lender in the future.
The heroic dust monitor
July 22, 2021
This year we are marking five years since Bankwatch engaged in air pollution work in the Balkans. Throughout these years, there was one constant in the work – the environmental dust monitor. It has become the hero of many communities and is known to every organisation in the region that works for cleaner air.
Letter: Loans to unsavoury states jar with EBRD’s mandate
July 21, 2021
You write that “many fund managers insist that deciding what to do about bonds issued by unsavoury regimes is not straightforward. Their …
