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Tackling gender inequality at the EU’s flagship energy project

It is fitting that we use today to reflect on the European Investment Bank’s new Strategy on Gender Equality and Women's Economic Empowerment: 8 March is International Women’s Day. Adopted at the beginning of this year, the strategy complements the bank’s existing social policy and reflects the equality principle of the EU Charter of Fundamental Rights.

The EU's bank turns its back on Europe's long term climate goals

It appears that before approving the European Investment Bank's new climate strategy, the bank's Board of Directors has removed a reference to the European Union's long-term decarbonisation objectives as a guidance for the EIB's climate action.

CSOs key points for the forthcoming EIB climate policy

In this letter to EIB, civil society organisations point out that the EIB's forthcoming climate policy cannot only be limited to repackaging previous climate commitments or solely focusing on technical incremental changes. In the framework of the new EU 2030 climate and energy targets and the forthcoming international climate conference in Paris, ambitious new policy commitments are indispensable to make the EIB credible.

Input to EIB climate policy consultation

The comments were jointly submitted by Bankwatch, Counter Balance, Focus, urgewald, Both Ends, Estonian Green Movement, Transport and Environment, CEPA Slovakia and Latvian Green Movement.

Can the European Investment Bank move ahead of the pack on climate?

The European Investment Bank is gearing up for an increased role in spurring growth in Europe as set out by the new Juncker Commission. Yet as Europe’s 2030 climate targets are being undermined by some countries the bank that wants to be a leader in climate action must keep in mind that we can no longer afford growth without sustainability.

European Banks are most opaque multilateral organisations, 2014 Aid Transparency Index

The European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) are ranked 16th and 17th respectively out of 17 multilateral organisations on the 2014 Aid Transparency Index (ATI) which is published today. The transparency index comes at a momentous time for the EIB as the institution is currently reviewing its transparency policy and NGOs fear that the ‘EU bank’ is preparing to further downgrade its transparency requirements.

Europe's finance ministers urged to stop EU Bank’s ‘extraordinary’ slide towards secrecy

Campaigners across Europe are urging the European Commission and their Ministers of Finance to halt a dangerous slide towards secrecy of the giant European Investment Bank (EIB), of which the EU member states are owners.

Corporate interest on way to win over the EU bank's transparency policy

In the draft version of its new transparency policy the European Investment Bank is making access to information on its tens of billion euros lending harder than ever.

Can the EIB lead the European economy out of crisis by championing EU climate policy?

The European Investment Bank, the biggest multilateral public bank in the world by lending volume and the self-styled 'EU bank', has recently announced that it will be reviewing its approach to climate change in the coming months. According to comments made by EIB vice-president Philippe de Fontaine Vive to civil society representatives, “The EIB wants to position itself between this October's anticipated EU 2030 climate agreement and the Paris COP 21 meeting in December 2015”.

Opportunities and expectations towards the EIB climate policy review

After effectively phasing out lending to lignite and coal-fired power plants in its energy policy in 2013, the EIB is now reviewing its climate policy. This joint NGO letter expresses the expectations towards the EIB to align its lending further with climate science and the EU Roadmap 2050 by proposing a genuine strategy for the bank to phase out funding for projects that are detrimental to the climate and to mainstream climate considerations into each and every sector of operations the Bank is engaged in.

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