BLOG EP REPORT

BLOG

The European Parliament just voted on its annual EIB Group Report for 2024. The report welcomes the “EU Climate Bank’s” problematic shift away from prioritising climate action toward de-risking corporate profitability and expanding its military investments.
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What we do

We are a European coalition of development and environmental NGOs dedicated to holding public banks accountable. With extensive experience scrutinising the European Investment Bank (EIB), export credit agencies, and development finance, we work to prevent harmful impacts from large infrastructure projects.

Our mission: to ensure European public finance drives a just transition toward sustainable and equitable societies.

RESEARCH

We research European public financial institutions, especially the EIB and export credit agencies, to reveal investments that harm people and the planet.

INFORM

We inform the public and spark discussions on the role of EU public finance in driving a just and sustainable transition.

ADVOCATE

We lead advocacy campaigns at EU and national levels to push for public banks that are accountable, democratic, and truly sustainable.

The EIB, Europe’s largest public bank, has the power to shape economies, infrastructure, and climate action. But to truly serve people and the planet, it must stop funding polluters, reject market-led approaches that neglect social needs, and refocus on climate, social cohesion, and public services.

It’s time to transform the EIB into a public bank that puts people first. 
Watch the video to learn more!