European Investment Bank (EIB)

The steel industry’s big problem is that the main way iron ore is turned into steel creates a lot of pollution. We can’t stop making steel, so how can we solve this? 👇 Austrian company voestalpine is investing in green energy and high-tech research. Over four years, the company will research and develop processes that use less energy, consume fewer raw materials, and extend the life of steel products. Here are three key ways this can help the company forge ahead towards greener steel production: 1️⃣ Innovative Research & Development: With a €300 million loan from the European Investment Bank, the company is focusing on optimising manufacturing processes to increase energy and raw material efficiency. 2️⃣ Replacing Coal-Based Blast Furnaces with Electric Arc Furnaces: Through their Greentec Steel Initiative, they aim to power up with green electricity and cut CO2 emissions by up to 30% by 2027. This is their heavy metal solution to pollution. 3️⃣ Long-term Sustainability Goals: The company is committed to achieving carbon-neutral steel production by 2050, showing their steel resolve in leading sustainable industrial practices. We cannot improve processes without innovation, but this is a path of research and risk. And this is where we help: we are proud to support voestalpine in their transformative journey, for a sustainable future for the steel industry and beyond. #GreenSteel #SteelIndustry #Steel

Together with the European Commission, we are running TARGET, a technical assistance facility designed to support regions in achieving a just transition to a net-zero future.   We bring together economists, engineers, state aid, and environmental specialists to provide free technical assistance and help countries identify and develop clean energy and energy efficiency projects.   Under this initiative, we have recently completed three studies in Romania’s Jiu Valley to assess the potential for photovoltaic plants in Petrosani, Vulcan, and Petrila.   By laying the groundwork for future project development, we’re empowering municipalities to embrace renewable energy and reduce energy costs. Together, we’re advancing clean energy solutions and driving the transition to a sustainable future.   👉 Learn more: https://bit.ly/3gtZCdX #JustTransition #CleanEnergy #EnergyEfficiency

Today we hosted the second edition of the EIB Group Innovate Days at our headquarters. The event, focused on “Augmented Human”, highlighted how cutting-edge technologies like GenAI and collaborative tools are enhancing both individual and team performances, making us more efficient and empowering us to “work smarter, not harder.” Key highlights: 🔵 Workshops: Practical sessions on design thinking, agility, and mastering AI tools. 🔵 Expert Talks: Topics like AI in HR, workplace innovation, and EU Commission use cases. 🔵 Interactive Demos: Featuring tools like AI Document Assistant, GitHub Copilot, exoskeletons, and more. 🔵 The keynote speech by Elin Hauge: "Artificial intelligence beyond the fog of hype and hysteria", offering valuable insights into demystifying AI and leveraging it effectively. This event showcased how innovation and collaboration are driving the future of work at the EIB Group. ❔ How are AI technologies helping you to work smarter? Share your experiences in the comments ⤵️

🔴 Time for a quick poll! With the social media landscape constantly changing and evolving, users are also diversifying their choice of platforms. Which one is your favourite? Drop any other social media platform you are currently enjoying in the comments ⤵️

Today we come together for the International Day for the Elimination of Violence Against Women. It's a day to raise our voices, stand up, and commit to ending the suffering of millions of women and girls worldwide. At the European Investment Bank, we wear orange—a symbol of hope, resilience, and the courage to dream of a world free from violence. Today, this colour represents our collective resolve to end gender-based violence, support survivors, and ensure no one is silenced by fear. Let's stand together, united in solidarity, and show that a world without violence is not just a dream—it’s a future we are determined to build. #OrangeTheWorld #EndViolenceAgainstWomen

Traineeships offer you a unique opportunity to build your future career.   Our Financial Inclusion Fund Traineeship Programme, offers an exceptional opportunity for young professionals from the MENA and ACP regions to gain invaluable international experience.   This programme is designed to promote knowledge exchange and support the professional development of students and recent graduates, providing hands-on experience in an international environment and insight into the EIB's impactful work.   To be eligible, you must: ✅ Be a national of the ACP region or one of the specified MENA partner countries ✅ Be in your final year of study or a recent graduate with less than two years of work experience ✅ Be proficient in English and/or French ✅ Hold a degree from, or be in the last year of a Higher Education Institution programme of one of the ACP region or specified MENA partner countries.   ⚠️ Application deadline: 4 December 2024 📅 Start date: 1 September or 1 October 2025 ℹ️ More information here: https://lnkd.in/d9fPcrYy Seize this opportunity to shape your career and make a real impact.

📢 Top news this week: 🔵President Nadia Calviño resumed her tour of EU capitals in Bulgaria, Greece and Cyprus to discuss financing Europe's strategic priorities. In Cyprus, we inaugurated a new local office to support local needs more effectively. 🔵We welcomed President of the Basque Country Imanol Pradales for a conversation on sustainable investments in areas of shared interest. 🔵New EIB Group workshop organised in Milan brought together partners and stakeholders to respond to housing challenges across Europe. 🔵We also announced new financial and advisory support in Ukraine for critical municipal infrastructure Finland for educational and healthcare facilities Croatia for strategic housing support in cities Romania for electricity distribution upgrade

Looking back on our participation at COP29 Azerbaijan, here are some of the highlights:   ✅ We announced a new initiative with Solar Impulse Foundation and the European Commission to boost energy efficiency investments for SMEs, and a project to protect and restore forests in Côte d’Ivoire; ✅ We strengthened our cooperation with fellow Multilateral Development Banks, further supporting countries in their climate goals, agreeing on a common methodology to measure climate results, and presenting our first circular economy report;  ✅ Our delegation led by President Nadia Calviño and Vice-Presidents Ambroise Fayolle and Teresa Czerwińska took part in a number of high-level events, and met key partners and stakeholders; ✅ Last but not least, we welcomed the brave cyclists of The Cop29bikeride, riding 6500 km to Baku to advocate for more sustainable cities.   Looking forward to #COP30 in Brazil! #ClimateAction #ClimateChange

🌍 The Circular Economy in Motion: this is how MDBs are leading the way👇 We are proud to present the first-ever joint report on the circular economy by Multilateral Development Banks (MDBs). Released at #COP29 in Baku, Azerbaijan, this milestone publication highlights 20 circular economy projects from around the world. These projects demonstrate how we are working to reduce resource footprints, cut costs, derisk supply chains, and combat waste across diverse sectors—from plastics and textiles to food, electronics, and critical raw materials. 🗝 Key takeaways from the report: 🔹 Circular economy investments are gaining momentum globally, including in low- and middle-income countries. 🔹 The private sector is stepping up but needs supportive regulatory frameworks. 🔹 Cities are innovation hubs, while the financial sector plays a pivotal role in funding circular solutions. 🔹 Vulnerable populations and the informal sector must be actively supported in the transition to circularity. This report is also a testament to MDB collaboration, as highlighted by the recent G20 Roadmap toward Better, Bigger, and More Effective MDBs. By working together, we aim to scale up sustainable solutions, build resilient supply chains, and enable sustainable growth. 🎯 The circular economy is more than a framework—it’s a necessity to tackle the triple planetary crises of climate change, biodiversity loss, and pollution. 📥 Read the report to explore how MDBs are driving this shift globally. 👇 https://lnkd.in/eE8dDfmG #CircularEconomy #COP29 #MDBs #Sustainability #ClimateAction

Affordable and sustainable housing is essential to building vibrant and inclusive cities.   As housing costs continue to rise in many EU countries, we are addressing this challenge head-on. At a recent workshop with housing experts, urban planners, and policymakers, we discussed solutions to improve living conditions, cut energy costs, and advance climate-friendly urban growth.   Here’s what we’re prioritising: 1️⃣ Innovation: Driving change in the construction sector through digitalisation, research and development, and improved procurement practices. 2️⃣ Sustainability: Advancing energy efficiency and decarbonisation with advisory services and partnerships, such as with Renovit and UCI, Unión de Créditos Inmobiliarios). 3️⃣ Financing: Leveraging EU co-financing to de-risk investments and boost public and private financing.   Key takeaways from the workshop: ✅ Success stories; innovative, energy-efficient housing projects set the benchmark. ✅ Proposed solutions: grant co-financing, commercial bank and National Promotional Bank intermediation, investment in research and development to boost innovation, and digitalisation in the construction sector. ✅ Next steps: insights will shape a new pan-European platform for housing expertise. The EIB Group is committed to fostering affordable and sustainable housing across Europe. Together, we can build cities that are not just vibrant, but truly inclusive. #Housing #Europe #Sustainability