The European Investment Bank (EIB) has published its first consolidated Sustainability Report for 2024, bringing together disclosures previously spread across four separate documents, the bank announced. The streamlined approach reflects the Group’s voluntary commitment to European Sustainability Reporting Standards and the Corporate Sustainability Reporting Directive while acknowledging its unique policy mandate and governance structure. The EIB Group engaged KPMG to provide limited assurance on selected statements and figures.
The report shows the EIB Group committed a record €51 billion—approximately 60% of total investments—for climate action and environmental sustainability in 2024, driving the green transition in Europe and beyond. Total investments signed in 2024 will create an estimated 1.5 million new jobs by 2028.
EIB Vice-President Ambroise Fayolle says the EIB Group has maintained the highest standards of transparency and green reporting for many years. “This new consolidated Sustainability Report marks an important milestone for the EIB Group in aligning with the emerging EU regulatory framework and ongoing simplification efforts,” he said.
The average greenhouse gas emissions intensity for electricity generation projects in the EIB Group’s portfolio fell by an estimated 75% from 2018 to 2024. In 2020, the EIB phased out support for power generation projects based on unabated fossil fuels and sharply increased backing for renewable energy.
The report is guided by the principle of double materiality, addressing both the impact of the Group’s activities on the environment and society, and the potential effects of sustainability challenges like climate change, resource scarcity, or social risks on the Group’s investments. Beyond climate, the Group continues investing in social impact, with projects supporting inclusive and resilient communities, social infrastructure, education, healthcare, gender equality, and affordable housing.
Since 2021, the EIB Group has supported an estimated €563 billion of investment, keeping it on track to meet its target of supporting €1 trillion in climate and environmental sustainability investment by 2030.
