La Banque européenne d’investissement et l’environnement

The document examines the European Investment Bank's (EIB) environmental framework, specifically its 2002 and 2004 Environmental Statements. While the EIB claims to prioritize environmental protection and align with EU standards, NGOs argue that the Bank continues to fund fossil fuel extraction and aviation projects that contradict climate goals. The text details the EIB's internal environmental units and its targets for renewable energy and CO2 reduction, while listing specific reforms demanded by civil society to increase transparency and accountability.

• The EIB's environmental policies are often contradicted by its investment choices, such as continuing to fund large-scale fossil fuel extraction and aviation projects despite claiming adherence to EU climate change policies.
• The EIB has set specific financial targets for the 2004-2010 period, including allocating 30% to 35% of its EU loans to environmental projects and aiming for renewable energy to constitute 50% of its electricity production capacity projects in the EU by 2008-2010.
• The EIB aims to allocate 500 million euros between 2004 and 2006 to projects that result in the reduction of CO2 emissions.
• NGOs criticize the EIB's internal environmental expertise as negligible, noting that the three specialized units created in 2002 (ENVSC, ENVAG, and ENVA) largely consist of existing staff without adding new capacity.
• There is ambiguity regarding the EIB's commitment to the Equator Principles; while the Bank claims its approach is equivalent, correspondence suggests it uses them only as a benchmark to fill gaps in EU policy when operating outside the Union.
• The EIB's information policy is described as deficient by NGOs because it fails to provide timely project information to affected communities and organizations.

APA

Friends of the Earth International (2004). La Banque européenne d’investissement et l’environnement. https://www.foei.org/wp-content/uploads/2020/12/EIBfactsheet4.pdf

Chicago

Friends of the Earth International. La Banque européenne d’investissement et l’environnement. 2004. https://www.foei.org/wp-content/uploads/2020/12/EIBfactsheet4.pdf.

Wikipedia

{{cite report |author=Friends of the Earth International |title=La Banque européenne d’investissement et l’environnement |date=September 2004 |url=https://www.foei.org/wp-content/uploads/2020/12/EIBfactsheet4.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{friendsoftheearthinternational2004banque, author = {{Friends of the Earth International}}, title = {{La Banque européenne d’investissement et l’environnement}}, institution = {Friends of the Earth International}, year = {2004}, month = sep, url = {https://www.foei.org/wp-content/uploads/2020/12/EIBfactsheet4.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }