Supporting sustainable and inclusive growth is at the heart of the EIB Group's lending. The EIB Group 2020 Sustainability Report looks at the impact of our global activities and our own corporate responsibility efforts. The Sustainability report should be read in conjunction with its two annexes: the GRI and SASB disclosures.
Supporting sustainable and inclusive growth is at the heart of the EIB Group's lending. The EIB Group 2020 Sustainability Report looks at the impact of our global activities and our own corporate responsibility efforts. The Sustainability report should be read in conjunction with its two annexes: the GRI and SASB disclosures.
Supporting sustainable and inclusive growth is at the heart of the EIB Group's lending. The EIB Group 2020 Sustainability Report looks at the impact of our global activities and our own corporate responsibility efforts. The Sustainability report should be read in conjunction with its two annexes: the GRI and SASB disclosures.
Investments supported by the European Investment Bank help achieve EU and international policy goals. The report specifically measures the effectiveness of our investments in three key areas: Additionality: the EIB's role is to step in where the market has failed to deliver. Specifically, the EIB examines how our support for a project strengthens it compared to what would have happened without our involvement. Impact: The EIB now measures how its investments contribute to the United Nations Sustainable Development Goals (SDGs). By doing so, the EIB is signalling its commitment to supporting the United Nations' Decade of Action to create peace and prosperity for people and the planet. Climate: The 2021 report focuses on barriers to investment in climate action, environmental sustainability and research and development and innovation for the decarbonisation of energy-intensive industries.
Over the last years, the European Investment Bank Group has shown that fighting COVID-19, financing the recovery, and investing in climate action and environmental sustainability are mutually supportive goals. Innovation, development and green finance are the cornerstones of our approach to creating a more sustainable economy. In 2021, the coronavirus pandemic continued to disrupt lives and businesses around the globe. At the same time, it became clear that the climate and environment crises had reached emergency levels. Urgent action is required if we are to meet the Paris Agreement's commitments and avoid biodiversity loss. The European investment Bank Group is ready to tackle these challenges, the biggest of our time. This report shows how we delivered a record €94.9 billion in financing in 2021, supporting sustainable and inclusive growth in Europe and beyond. The Sustainability report should be read in conjunction with its two annexes, the GRI and SASB disclosures, as well as with the Group's 2021 TCFD report.
Investments supported by the European Investment Bank help achieve EU and international policy goals. The report specifically measures the effectiveness of our investments in three key areas: Additionality: the EIB's role is to step in where the market has failed to deliver. Specifically, the EIB examines how our support for a project strengthens it compared to what would have happened without our involvement. Impact: The EIB now measures how its investments contribute to the United Nations Sustainable Development Goals (SDGs). By doing so, the EIB is signalling its commitment to supporting the United Nations' Decade of Action to create peace and prosperity for people and the planet. Climate: The 2021 report focuses on barriers to investment in climate action, environmental sustainability and research and development and innovation for the decarbonisation of energy-intensive industries.
The Europe Union's massive efforts to rebuild after the coronavirus pandemic present a unique opportunity to transform its economy, making it more green and digital – and ultimately more competitive. The Investment Report 2020-2021 looks at the toll the pandemic took on European firms' investment and future plans, as well as their efforts to meet the demands of climate change and the digital revolution. The report's analysis is based on a unique set of databases and data from a survey of 12 500 firms conducted in the summer of 2020, in the midst of the COVID-19 crisis. While providing a snapshot of the heavy toll the pandemic took on some forms of investment, the report also offers hope by pointing out the economic areas in which Europe remains strong, such as technologies that combine green and digital innovation.
Our flagship report highlights the European Investment Bank's key contribution to combatting the COVID-19, climate change and development challenges that dominated 2020. It tells the stories of our crisis solutions. Built around 20 stories profiling 30 of our projects or programmes, the report's "Solutions" sections explain how the EU bank responded swiftly and decisively to a year of crises and laid the foundations for future innovation and growth. The stories take you through the Bank's work in innovation, infrastructure, small and medium-sized enterprises, and climate and environment inside the European Union and beyond the EU's borders.
The EIB Group is responding to the myriad crises facing the European Union -- climate change, the Ukraine war and energy insecurity -- by making sustainable investments that will help the green transition and spur innovation. Some key takeaways from the new Sustainability Report: The EIB Group has supported €222 billion in green investments since 2021, bringing us closer to the Group's target of €1 trillion in climate action and environmental sustainability investments by 2030. We financed €36.6 billion of climate action and environmental sustainability in 2022, putting us on track to dedicate half all financing to those areas. The European Investment Fund committed €9.2 billion to small businesses and climate and infrastructure projects in 2022. The Sustainability Report should be read in conjunction with its two annexes, the GRI and SASB disclosures, as well as with the EIB Group's 2022 TCFD report.
Over the last years, the European Investment Bank Group has shown that fighting COVID-19, financing the recovery, and investing in climate action and environmental sustainability are mutually supportive goals. Innovation, development and green finance are the cornerstones of our approach to creating a more sustainable economy. In 2021, the coronavirus pandemic continued to disrupt lives and businesses around the globe. At the same time, it became clear that the climate and environment crises had reached emergency levels. Urgent action is required if we are to meet the Paris Agreement's commitments and avoid biodiversity loss. The European investment Bank Group is ready to tackle these challenges, the biggest of our time. This report shows how we delivered a record €94.9 billion in financing in 2021, supporting sustainable and inclusive growth in Europe and beyond. The Sustainability report should be read in conjunction with its two annexes, the GRI and SASB disclosures, as well as with the Group's 2021 TCFD report.
