Our Mission is to further the objectives of the European Union by making long-term finance available for sound investment.
The EIB Group promotes Corporate Responsibility through its mission and activities in the service of the European Union, through the way it implements these and through its internal management.
The EIB attaches great importance to engaging with civil society and building cooperative relations with its representatives.
The EIB endorses and supports the Extractive Industries Transparency Initiative. Launched at the World Summit for Sustainable Development in Johannesburg (2002), EITI is a coalition of governments, companies, civil society groups, investors and international organisations set up to support improved governance in resource-rich countries. It was established to encourage and assist resource rich countries to put into place procedures for publishing verified information on payments made and revenues received.
Weak governance, corruption and lack of transparency can seriously hinder economic and social development and are major issues in certain regions in which the EIB operates. This is particularly crucial in countries rich in oil and gas and mineral resources where the failure to disclose information on payments and revenues can lead to a misuse of resources.
Well-managed extractive industries can make a significant contribution to economic development and job creation. The EIB is convinced that improved transparency and accountability in the extractive industries are essential elements for underpinning economic development, poverty reduction, and for political stability in resource rich countries.
The EIB has made a donation of EUR 100 000 to support the EITI Secretariat's activities and established an EITI Advisory and Liaison Officer post in the Bank.
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