EIB fears 'reputational disaster' over revised EU green reporting

Contributing sentiments towards policy:

58% : Anna Roggenbuck, policy officer at the campaign group CEE Bankwatch, said the EIB "is not transparent in how it calculates a project's carbon emissions including all the scope of emissions, and because this is not public, there is no outside scrutiny".Julia Symon, head of research and advocacy at the non-governmental organisation Finance Watch, said it was "hard to make sense" of the EIB's internal climate action ratio "because it is hard to know what criteria
42% : The commission has said that investments outside the EU are not included in the GAR because those businesses are not obliged to comply with the bloc's corporate sustainability rules.
40% : Laloux's comments echo growing concerns from EU governments and industry bodies about the complexity and burden of the EU's sustainable finance rule book, which forms a major plank of the bloc's ambitious Green Deal climate law.
37% : The European Investment Bank fears a "reputational disaster" this year if the EU applies reporting rules that would shatter its climate friendly credentials, according to leaked internal correspondence.

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