News
The CEB publishes a technical study on environment
16 April 2015
PARIS - The CEB released its latest technical
study “Addressing Environmental Challenges and their Social Implications in
Europe.”
While taking into account the CEB’s experience to date, this publication is primarily forward-looking, with the focus being to adapt the Bank’s response to the numerous and diverse environmental challenges Europe will be facing in the coming decades.
In this context, the diversity of potential CEB investments is discussed from both a geographic and a sectoral standpoint.
In line with its social mandate, the CEB has been tackling environmental challenges both through its sectoral line of action, “Managing the Environment”, and via the environmental screening and impact assessment carried out on all its projects.
To date, the CEB has approved € 12 billion in loans to this sectoral line of action, representing almost one fifth of its total lending since 1956.
The full study is available on the CEB’s website.
“Addressing environmental challenges and their social implications in Europe”
Download the studySet up in 1956, the CEB (Council of Europe Development Bank) has 41 member states. Twenty-two Central, Eastern and South Eastern European countries, forming the Bank's target countries, are listed among the member states. As a major instrument of the policy of solidarity in Europe, the Bank finances social projects by making available resources raised in conditions reflecting the quality of its rating (Aa1 with Moody's, outlook stable, AA+ with Standard & Poor's, outlook stable and AA+ with Fitch Ratings, outlook stable). It thus grants loans to its member states, and to financial institutions and local authorities in its member states for the financing of projects in the social sector, in accordance with its Articles of Agreement.