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[REPORT] Too soon to call the EIB the “EU Climate Bank”

A new report released by the NGO coalition Counter Balance shows that it is too soon to call the EIB the “EU Climate Bank”. The EIB is planning to become the “EU Climate Bank” and to align all its operations with the objectives of the Paris Agreement through the creation of a Climate Roadmap. The EIB […]

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The Road Less Travelled: How the European Investment Bank’s Climate Roadmap 2021-2025 can lead it to become the climate bank

This report by CEE Bankwatch summarises the EIB’s undertakings on the road towards becoming the EU’s Climate Bank. It presents our findings on the implementation of the EIB’s 2015 Climate Strategy and looks at the results of the Bank’s climate action in the EU and enlargement countries. It also puts forward recommendations to the Bank. […]

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NGOs call on EIB President to put climate at the heart of recovery package

Today, together with 10 NGOs, we sent an open letter to Werner Hoyer, the President of the European Investment Bank (EIB), calling for its new role in the European economic recovery to be consistent with its climate commitments […]

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Counter Balance submits its contribution to the EIB Climate Bank Roadmap

As part of the consultation opened by the EIB, we submitted our recommendations for the bank to truly become the “EU Climate Bank”. Find our submission and summary of our key demands here.

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Policy Brief: EIB’s role in the EU Covid-19 crisis response

As the Covid-19 pandemic continues to unfold, European governments have been developing public stimulus packages to help relaunch the economy and avoid a historic recession. As the ‘EU Bank’, the European Investment Bank (EIB) will play a flagship role under the EU recovery package in response to the health crisis and its economic consequences…

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Counter Balance Activity Report 2019

Curious to what we’ve been up to in 2019? Whether it’s pushing the European Investment Bank into becoming a fossil free EIB by no longer investing in unabated fossil fuels or by publishing reports on the Juncker Plan or corruption. From climate and human rights to transparency, read about our most recent achievements below in […]

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REPORT: How logistic chains dismantle worker’s rights, one hub at a time

February 26, 2020 A new report launched today by Counter Balance, a Brussels NGO, reveals the negative impacts of mega infrastructure corridors, tax-free zones and just-in-time delivery systems on workers, their rights and the environment. The report, “Corridors as factories: supply chains, logistics and labour, is this the world you want?”  probes how “logistics” – […]

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Special Economic Zones: Opportunities or business as usual?

Special Economic Zones (SEZ) could at first glance seem like a good idea. However, they’re often accompanied by the exploitation of labour, extreme performance pressure on workers due to a principle of “just in time”-delivery and the enrichment of large companies while workers struggle to make ends meet. Together with Re:Common we dive deep in […]

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EIB Energy Lending Policy: Stepping closer to a fossil free finance

On November 17, 2019 the European Investment Bank (EIB) announced its new Energy Lending Policy (ELP) and proclaimed it will become the EU #Climate Bank. Sounds great at first glance, but what’s next?  From avoiding a 2 year gas bonanza to making sure we put our money where our mouth is, there are a few key […]

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New investigation reveals how the EU’s Bank fails to tackle fraud and corruption in its investments

19 November 2019 Investments made by the European Investment Bank are wide open to abuse by fraudsters, money-launders and corrupt politicians, according to a damming new investigation by Counter Balance. Although, on paper, the Bank has controls in place to reduce the risk of fraud and corruption, the Bank’s policies are poorly policed and full […]

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