EIB considers setting climate standards for bank partners

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By Jon Hay
25 Jun 2020

The European Investment Bank is going through intense discussions — both internally and externally — about its plan to become the EU’s Climate Bank. NGOs are accusing it of “backtracking” and demanding it sets sustainability criteria for the companies and banks it works with, but the EIB insists it is listening to concerns and will reveal more of its plans later this year.

On Wednesday, 34 NGOs — including Greenpeace and WWF — wrote to Werner Hoyer, president of the EIB, saying they were “deeply disappointed” with what the bank had revealed so far of its Climate Bank Roadmap.

This is a draft strategy for implementing its new, much more ambitious drive ...

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