The European Investment Bank (EIB) Group announced the global launch of its Green Checker tool, extending the solution to help banks identify projects eligible for green financing, and businesses to access sustainable financing, beyond the EU.
According to the EIB, the Green Checker tool provides a solution to support green and wider sustainability eligibility assessments for investments and enterprises, with functionality including the ability to assess project eligibility, estimate the climate impact, and download assessment results with details including projected energy savings and emissions reductions, and confirms consistency with the EU Taxonomy and EIB climate standards.
While originally designed for financial intermediaries such as commercial banks, leasing firms, and national promotional institutions to identify green projects, the EIB said that the tool is free and publicly accessible, enabling its use by SMEs and other businesses to assess their own projects against EIB green financing criteria and access green finance opportunities.
Announced at the United Nations COP30 climate conference in Belém, Brazil, the expanded platform is now available in regions including North Africa, the Middle East, the Western Balkans, the Caucasus and the Eastern Neighbourhood. The EIB said the upgrade tailors the tool to regional markets by simplifying data requirements and allowing for flexible parameters suited to local conditions.
Ambroise Fayolle, EIB’s Vice President, said:
“The Green Checker is a transformative tool. It helps companies assess whether their projects meet climate and environmental criteria and determine their eligibility for EIB financing through our partner banks. We are now broadening its scope to include countries beyond Europe, accelerating climate investments globally. The Green Checker is an instrument to simplify the assessment of climate projects, in particular for SMEs.”
The EIB said the Green Checker is part of its wider effort to expand sustainable investment through the EU’s Global Gateway initiative, which aims to mobilize up to €300 billion in public and private funding for projects between 2021 and 2027.
