Report
The wheel of corporate fortune: How the EIB boosts profits in the name of competitiveness
This research examines seven of the EIB’s top corporate clients—Iberdrola, Stellantis, Intesa Sanpaolo, Leonardo, Orange, Northvolt, and the Gavi Alliance—who have received billions in public loans, despite posting massive profits and being linked to concerning social and environmental issues.
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REPORT
Who Profits from the Global Gateway?
The latest report thouroughly examines the European Union’s Global Gateway initiative. Findings raise serious concerns about the effective use of development funds.
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Report
Public banks working for public services
Public banks have the capacity to support a wide range of essential services. From affordable housing to renewable energy and local public transport, public banks can drive systemic change by focusing on projects that offer long-term economic viability and substantial social benefits for all.
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REPORT
The European Investment Bank’s development and climate finance – what’s in it for sustainable agriculture?
The EIB's support for unsustainable agriculture in the Global South contradicts its Paris Agreement commitments, undermines local food security, and fosters dependency. It's time to end export-oriented agriculture, enforce agroecology, and promote just, climate-resilient development.
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JOINT LETTER
Urgent call to keep defence spending out of the EIB's scope
30 CSOs urge the European Investment Bank to resist calls for an increased support to the defence sector.
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REPORT
EU ECA fossil fuel phase-out tracker
Only 13 out of 23 EU Member States with ECAs appear to be meeting the commitment to end export credit financing for fossil fuel energy projects as agreed in March 2022, with others falling behind.
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REPORT
No role for export credits in the EU’s development finance
The report examines recent proposals for greater coordination between export credit and development finance, in particular through initiatives such as the EU's Global Gateway strategy. This raises significant concerns about suitability of such coordination for development objectives, particularly in the absence of binding human rights and environmental standards, and weak rules on transparency.
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What we do
Challenging public investment banks
We’re a European coalition of development and environmental non-governmental organisations (NGOs) with extensive experience working on development finance and public banks as well as campaigning to prevent negative impacts resulting from major infrastructure projects
Our mission is to make European public finance a key driver of the transition towards socially and environmentally sustainable and equitable societies
Our priorities
Where we focus our efforts
Our activities focus on:
Climate Justice, Development & Human Rights,
Transparency & Accountability
Research
We conduct research on European public financial institutions and challenge investments that result in harmful impacts for people and the environment
Inform
We inform the public and open up debates on the role of EU public finance in the transition towards more sustainable and equitable societies
Advocate
We coordinate advocacy campaigns towards decision-makers at EU and national levels to push for accountable, democratic and sustainable
public banks
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Turning the Tide
PUBLIC FINANCE SUPPORTING FOSSIL FUELS
Bankwatch’s new documentary exposes, for the first time, the extent of financial support four of the world’s leading multilateral development banks (MDBs) have been providing to the global fossil fuels industry over the past 13 years.
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