The Council of Europe Development Bank (CEB) works hard to keep the environmental footprint of its social investments as light as possible. Not only is this essential for our planet, but the Bank believes that social inclusion and progress on the environment, particularly climate action, go hand in hand, and that social and climate action can be mutually reinforcing.
The Bank plays an increasingly lead role in fostering a green transition, in part thanks to its rigorous compliance testing for approving loans and grants, as well its own growing technical expertise in climate-related issues.
The CEB works at the nexus of social and environmental efforts, seeing them as being mutually reinforcing: just as environmental sustainability is key for people’s wellbeing and livelihoods, and for social cohesion more broadly, so effective climate action depends on having everyone from all communities on board, including the most vulnerable.
The CEB funds are expected to benefit about 20 million inhabitants, and will help improve disaster responsiveness, strengthen physical capacity and critical infrastructures, against flash floods for instance, and enhance public awareness.
