The European Investment Bank (EIB) Group has reaffirmed its commitment to global challenges in its Global Impact Report 2023/2024, highlighting its focus on sustainability, gender equality and post-conflict reconstruction. With more than EUR 8.4bn earmarked for projects around the world, the EIB has placed emphasis on strategic sectors such as climate action, digital innovation and inclusive finance, demonstrating that its role is crucial in promoting sustainable and equitable growth.
The effects of climate change are disproportionately impacting the most vulnerable communities, especially in developing countries, where resources to adapt to these changes are limited. According to the Intergovernmental Panel on Climate Change, climate-related disasters such as floods and droughts are expected to increase in frequency and intensity in the coming decades, affecting the agriculture, health and livelihoods of millions of people.
In response, the EIB has allocated significant resources not only to mitigation, which includes reducing greenhouse gas emissions, but also to climate adaptation. A key area of investment has been water: In 2023, the EIB provided more than EUR 1.2bn for water management-related projects, focusing on water resilience and improving infrastructure in areas prone to drought and desertification.
One of the most prominent examples is the EIB’s support for projects in sub-Saharan Africa, a region particularly vulnerable to climate change. There, it has contributed to the development of nature-based solutions that not only improve water security, but also promote biodiversity and restore natural ecosystems.
The EIB has also directed a significant part of its investments towards the development of renewable energy. In 2023, almost EUR 2.931bn went to projects promoting the use of clean energy, including solar, wind and the modernisation of electricity grids to adapt to renewable sources. These investments are aimed at reducing dependence on fossil fuels and fostering a just transition to a low-carbon economy.
Funding agreements signed in 2023 by region and by public policy objective
(in EUR million)
Source: GLOBAL IMPACT REPORT 2023/2024 (EIB)
Renewable energy is not only one of the most effective ways to reduce CO₂ emissions, it is also creating new economic opportunities. In Europe and Latin America, the agency has promoted solar and wind energy projects that generate local employment while reducing environmental impact. This approach is also supported by the European Green Pact, which aims to make Europe the first climate-neutral continent by 2050.
The EIB’s role in climate finance is aligned with key international commitments, such as the Paris Agreement, which aims to limit global temperature rise to 1.5°C above pre-industrial levels. In this context, the Bank pioneered the adoption of rigorous standards for measuring the sustainability and impact of its projects, following recognised frameworks such as the Green Bond Principles and the UN SDGs.
The European Investment Bank remains a key player in financing projects that drive sustainability, equity and global resilience. At Laragon/ALL4, we share these values and are committed to accompanying our clients in the transition to a more sustainable and inclusive future. With our expertise in ESG/EHS solutions, we help companies integrate sustainability into their business model, offering the necessary technological tools to face global challenges in an efficient and responsible way.
