Changes from report parliamentary committee draft to plenary report

The annual report for the year 2023 (alternating with ECON) on the financial activities of the European Investment Bank touches upon EIB’s performance and delivery by the EIB Group on its treaty-bound obligations to foster and contribute to EU integration and key horizontal EU policies.

The report focuses on evaluation of main EIB funding activities with special emphasis on development of the EU Climate Bank, on crisis response to the war in Ukraine, activity of the EIB Global and delivery on key policy areas.. The report also touches upon EIB’s governance, transparency and accountability, firmly scrutinising issues related to conflict of interest and recommendations of the Ombudsman.

The European Investment Bank has been striving to transition into the EU Climate Bank, committing to stepping up its climate financing. For the year 2022 however, the EIB achieved a total level of green financing at EUR 36.5bn, which represented 58 % of total financing volumes, which exceeded the original target of 50 % green financing expected by 2025. While the EIB Group has not yet announced the results and numbers for 2023, it is expected that the Bank has stayed on track from the previous year. The report makes several policy recommendations to the lending policies that need to be made and/or implemented in order to truly be the EU Climate Bank as well as input for the Climate Roadmap review and to enhance investment contribution to halting or reversing biodiversity loss and nature protection.

EIB Global plays a key role in the EIB’s expansion outside of the EU and thus its contribution to the execution of the EU’s foreign and development policies goals and is fully aligned with the EU’s climate and environmental policies.