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Our direct carbon footprint – GHG emissions resulting from EIB Group internal operations

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Our direct carbon footprint – GHG emissions resulting from EIB Group internal operations

As the world largest financer of climate change mitigation and adaptation the EIB Group is committed to Climate Action and protecting the environment.  We apply strict environmental and social guidelines to our business activities and lead by example by measuring, managing and reducing our own GHG emissions resulting from our internal operations.

We have been measuring and managing our GHG emissions since 2007.  The carbon footprint report provides details of not only how and what we measure, but the actions we take to further reduce our emissions resulting from our own internal operations.

  • We compensate those emissions that we cannot avoid.
  • We continue to review and where appropriate, revise the scope of our Carbon Footprint.
  • We have purchased electricity from renewable sources (hydropower, wind power and biomass) since 2007.
  • We encourage staff to use public or clean transport and consider alternatives to business travel, such as tele/video conferencing whenever compatible with business interests.
  • We constantly look to reduce levels of energy consumption.
  • We actively pursue better waste management practices.
  • We promote sustainable behavior by engaging with staff and suppliers.

Emissions (tCO2e)

2007*

 

2011

2012

2013

2014

2015

Total Scope 1

933

 

536

495

372

69

82

Total Scope 2

6 366

 

7 451

7 335

7 249

6 047

6 137

Total Scope 3

16 626

 

18,754

15,488

13 496

17 030

18 035

Green tariff

-5 993

 

-7 061

-6 876

-6 765

-5 693

-5 717

Offset courier emissions

-

 

-

-

-70

-70

-70

Total net emissions

17 932

 

19 682

16 441

14 283

17 383

18 468

% change from 2014

-

 

 

 

 

 

6%

% change from 2007

-

 

10%

-8%

-20%

-3%

3%

 

 

 

 

 

Number of employees

1 501

 

2 175

2 185

2369

2556

2913

tCO2e per staff member

11.92

 

9.05

7.52

6.03

6.80

6.34

% change from 2014

-

 

 

 

 

 

-6.78%

% change from 2007

-

 

-24%

-37%

-50%

-43%

-47%

* Base line year

Compensating our residual carbon footprint

Staring with our 2013 residual emissions, we selected a REDD+ project that allows us to compensate our residual emissions resulting from our own operations. We chose the Wildlife Work REDD+ project in the Kasigau corridor in Kenya as it reflects our objectives and complements our corporate responsibility ambitions. This project is the world’s first project to be validated and verified under the Verified Carbon Standard (VCS) and the Climate, Community and Biodiversity Standard (CCB). This will be the third year that we support this project to compensate our residual emissions.



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