European Investment Bank
Luxembourg, Luxembourg| Invested through / Financed by |
|
|---|---|
| Asset class | Corporate bonds & Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| Sector | Development Cooperation |
| Industry group | Diversified Financials |
| Sustainable Development Goals (SDGs) |
Founded in 1958, the European Investment Bank (EIB) is the long-term not-for-profit lending bank of the European Union and it is owned by the 28 EU member states. Its operational priorities include economic and social cohesion and convergence; support for small and medium-sized enterprises; and protection and improvement of the environment. The institution describes its main task as "to contribute towards the integration, balanced development and economic and social cohesion of the EU Member States". EIB finances projects in 140 countries all over the world, not only in Europe. The bank is one of the world's main financiers of climate action and the institution is very involved in the market of green bonds: after launching the first green bond in 2007, the EIB played a key role in the development of this market. The EIB is headquartered in Brussels and has 3,450 employees.
Investment rationale
With its investments and loans, EIB enables sustainable development, cohesion and innovation in Europe and developing countries. For example, these investments create jobs, provide education, or improve living conditions, all contributing to more opportunities for people to develop themselves and participate in society. In 2020, the investments of EIB supported 420,000 SMEs, sustained 4 million jobs, enabled 1 million students to follow education, and provided 29.6 million people with safer drinking water and 15.5 million people with improved sanitation.