THE HUB BEHIND THE SCENES
ELINA KAMENITZER Head of the Climate Office, European Investment Bank
GREEN INVESTMENT TAKES CENTRE STAGE CLIMATE OFFICE TRANSFORMS THE WAY WE DO BUSINESS The Bank announced its plan to become the European Union’s climate bank at the end of 2019. As climate action and environmental sustainability move to the forefront of our objectives, we plan to increase the share of green financing to 50% of our annual lending by 2025. Against this backdrop, the Climate Office of the Bank’s Operations Directorate was created to spearhead the new Climate Bank Roadmap. This document summarises our transition to a climate bank and explains how we support sustainable finance and the European Green Deal.
T
he Climate Office is comprised of finance professionals with diverse expertise. The team is consolidating climate finance knowledge within the Operations Directorate, the front office of the Bank, and enabling both climate business and green product development in the future.
Throughout my career, I have seen the pivotal role advisory services can play in supporting all phases of the project cycle and promoting knowledge-sharing inside and outside the Bank. Significant efforts are needed to build capacities and promote green investment. Advisory experts will play an increasingly important role in facilitating the Bank’s efforts in this area.
THE HUB BEHIND THE SCENES
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