Public consultation on the EIB Group's Environmental and Social Sustainability Framework

Closed 6 Aug 2021

Opened 3 Jun 2021

Published responses

View submitted responses where consent has been given to publish the response.

Overview

Information on this consultation is also available in French, German, Spanish and Portuguese

The European Investment Bank is the lending arm of the European Union. We are the biggest multilateral financial institution in the world and one of the largest providers of climate finance. We operate both inside the European Union and worldwide, and support projects that promote the priorities and objectives of the European Union (you can find more information on our priorities and countries of operation here). 

In this public consultation, the EIB is consulting on:

  1. the new EIB Group Environmental and Social Policy, which lays out the Group’s vision to 2030, namely to actively contribute to sustainable development and inclusive growth; and
  2. the EIB’s 11 Environmental and Social Standards, which define the requirements that the EIB’s promoters must meet when assessing and managing environmental, climate and social impacts and risks throughout EIB-financed projects, and which ask promoters to identify opportunities to positively support and promote sustainability objectives.  They cover stakeholder engagement, pollution prevention, biodiversity, climate change, involuntary resettlement, Indigenous Peoples, labour rights, health and safety, cultural heritage and intermediated finance (new!).

The EIB would also like to hear your views on its approach to human rights and on some cross-cutting themes, such as gender.

Whilst open to the public at large, this consultation may be of particular interest to the EIB’s promoters and clients, banks and financial institutions, civil society organisations (such as researchers, academia, non governmental organisations), private industry in the relevant fields, public authorities (including local, municipal, national and regional governments), professional networks, organisations and associations, think tanks and professional consultancies.

Public consultation calendar

Date

Event

03/06/2021

Launch of the public consultation   

22/06/2021 – 09/07/2021

Online public consultation meetings   

06/08/2021

Deadline for submitting contributions

From 09/08/2021

Publication of all contributions

Q4 2021

Publication of the draft revised Policy and Standards, draft consultation report and EIB reasoned responses to contributions 15 working days before the relevant EIB Board of Directors meeting

Q4 2021

Submission to the EIB Group governing bodies   

Q4 2021

Publication of the revised Policy and Standards, as approved by the EIB Group governing bodies   

Why your views matter

As enshrined in the EIB Group Transparency Policy, the EIB is committed to engage, on a voluntary basis, in formal public consultations on selected policies. This participatory process allows the EIB to benefit from the expertise of a wide range of individuals and organisations and provides the opportunity for external stakeholders to participate in the preparation and review of policy documents, reinforcing the transparency and accountability of the EIB.

The EIB Group is committed to supporting the European Green Deal, Europe’s growth strategy that will improve the well-being and health of citizens, make Europe climate-neutral by 2050 and protect, conserve and enhance the EU’s natural capital and biodiversity while at the same time ensuring no one is left behind. The EIB Group has made the Green Deal the cornerstone of its Climate Bank Roadmap. The EIB Group Policy and Standards on environmental and social matters are reflecting the sustainable finance agenda and its framework to ensure we contribute to meeting its objectives.

More information on the context for the review and key changes to the Standards can be found in an explanatory note.  This document is available in English, French, Spanish and Portuguese.

Consultation Documents

All 14 documents in English are available in a zip file here

Document Available Languages
Documents for consultation
EIB Group Environmental and Social Policy  [EN] [FR]
Standard 1 - Environmental and social impacts and risks  [EN] [FR]
Standard 2 - Stakeholder engagement  [EN] [FR]
Standard 3 - Resource efficiency and pollution prevention  [EN] [FR]
Standard 4 - Biodiversity and ecosystems  [EN] [FR]
Standard 5 - Climate change  [EN] [FR]
Standard 6 - Involuntary resettlement  [EN] [ES] [FR] [PT]
Standard 7 - Vulnerable groups and Indigenous Peoples  [EN] [ES] [FR] [PT]
Standard 8 - Labour rights  [EN] [FR]
Standard 9 - Occupational and public health, safety and security  [EN] [FR]
Standard 10 - Cultural heritage  [EN] [FR]
Standard 11 - Intermediated finance  [EN] [FR]
Supporting documents
Explanatory Note  [EN] [ES] [FR] [PT]
Consultation Questions  [EN] [ES] [FR] [PT]
2013 EIB Environmental and Social Practices and Procedures  [EN]

Informational webinars

As part of this public consultation, EIB held a series of 13 webinars between 22 June and 9 July. The webinars focused on the new EIB Group Environmental and Social Policy and the eleven EIB Standards. A webinar was also organised to discuss the EIB’s approach to human rights.

The webinars were open to all members of the public. They enabled the EIB to share information about the consultation and hold a direct dialogue between EIB staff and interested stakeholders.

The events were held in English and interpretation was provided in French. Spanish and Portuguese interpretation was also provided for the webinars on Standard 6 (involuntary resettlement) and Standard 7 (vulnerable groups and Indigenous Peoples).

In each webinar, a short presentation by the EIB was followed by a dialogue between stakeholders and a panel of EIB experts about the issues at stake within the review. The slides shown at each event and summaries of the discussions can be found in the table below.

The EIB would like to thank all those who participated in, and contributed to, the public consultation webinars, and invite their written contributions to be submitted by August 6, 2021. 

Date Topic Summary and slides
June 22 EIB Group Environmental and Social Policy
June 24 Standard 1 - Environmental and social Impacts and risks
June 25 Standard 2 - Stakeholder engagement
June 28 Human Rights 
June 29 Standard 3 - Resource efficiency and pollution prevention
June 30 Standard 4 - Biodiversity and ecosystems
July 1 Standard 5 - Climate change
July 2 Standard 6 - Involuntary resettlement
July 5 Standard 7 - Vulnerable groups and Indigenous Peoples
July 6 Standard 8 - Labour rights
July 7 Standard 9 - Occupational and public health, safety and security
July 8 Standard 10 - Cultural heritage
July 9 Standard 11 - Intermediated finance

 

How to contribute

The EIB has prepared a questionnaire to guide the public consultation and solicit your views.

You can either:  

  1. Complete it online (click on “Continue to the online questionnaire” below). This online platform allows you to:
  • save answers in draft format; 
  • attach supporting documents
  1. Or download it here and send it back by email to essfconsultation@eib.org

A Word version of the questionnaire is also available for download in French, Spanish and Portuguese.

The deadline for contributing to this public consultation is Friday 6 August 2021.

In accordance with the EIB Group Transparency Policy, the EIB operates under the presumption of disclosure.  For public consultations, this means that the EIB will publish all written contributions at the end of the consultation period on this public consultation website. Respondents may choose to respond anonymously. The EIB’s reasoned response to all written contributions will be attached to a public consultation report that summarises the public consultation process.

Audiences

  • Anyone from any background

Interests

  • Transparency
  • Accountability
  • Stakeholder Engagement
  • Complaints Mechanism
  • Access to Information
  • CBR
  • Climate Change
  • Energy
  • Labour Rights
  • Human Rights
  • Cultural Heritage
  • Resettlement
  • Transport
  • Occupational and Public Health
  • Biodiversity
  • Resource Efficiency
  • Pollution
  • Ecosystems
  • Consultation