Our flagship report shows how the European Investment Bank stepped up to the challenges of 2022. From our ongoing work rebuilding Ukraine's damaged towns and cities and our support for refugees, to our unwavering commitment to the global threat of climate change. The report illustrates how our backing for energy efficiency and renewable power is part of the solution to the European Union's energy security needs and its climate goals. It also shows how our support for innovation and breakthrough technologies brings tangible benefits to Europe's economic competitiveness, to its climate goals, and its strategic autonomy. The report also showcases the contribution of EIB Global, our new international development branch, to greater wellbeing around the world.

Our flagship report illustrates how the European Investment Bank Group confronted two great threats in 2021, the climate crisis and the coronavirus pandemic, even as the challenges posed by development grew more urgent. The EU bank tackled these hazards by thinking hard and moving fast — in new directions. The Activity Report report highlights our emergency response to COVID-19 through the unique European Guarantee Fund, as well as our support for healthcare companies working on cures and therapies for the disease. It illustrates the dimensions of our backing for companies that are forging new frontiers of climate action — sometimes right into outer space. It demonstrates our commitment to a better future for all Europeans in our cohesion investment and for all global citizens through our development work. Built around 25 articles about the work of the European Investment Bank and the European Investment Fund in COVID-19 response, climate action, cohesion and development, the Activity Report highlights our contribution to a healthy, green and inclusive world. Figures are expected outcomes of financed new operations signed in 2020 for the first time based on available data at this stage. All figures are unaudited and provisional.

A blueprint presents drawings, dimensions and notes. This report draws vivid pictures of the beneficiaries of European Investment Bank projects in 2023. It includes data on the dimensions of our massive overall investment and the importance of our loans to each of our beneficiaries during the year. It notes the EU policies and expertise that lead us to make each of our investments.

This report analyses the EIB Group's activity in cohesion regions in 2022. This year's edition focuses on the Group's contribution towards innovation for an inclusive, green and digital transition in line with the Innovation, Digital & Human Capital (IDHC) Orientation 2021-2027. The report starts with a review of recent economic trends in cohesion regions and their investments in innovation, followed by a presentation of the EIB Group's activities in these regions in 2022. The Group's support for economic, social and territorial cohesion is presented in relation to policy objectives, activity sectors, countries, contribution to the UN's Sustainable Development Goals (SDGs) and sector-specific project results. A number of case studies are used to illustrate the Group's activities and impact. The wider macroeconomic impact of the Group in cohesion regions is then discussed through the lens of a recent academic study. Finally, the role of digitalisation and innovation in cohesion regions is presented along with the range of tools deployed by the Group to support these policy objectives in cohesion regions.

Over the last years, the European Investment Bank Group has shown that fighting COVID-19, financing the recovery, and investing in climate action and environmental sustainability are mutually supportive goals. Innovation, development and green finance are the cornerstones of our approach to creating a more sustainable economy. In 2021, the coronavirus pandemic continued to disrupt lives and businesses around the globe. At the same time, it became clear that the climate and environment crises had reached emergency levels. Urgent action is required if we are to meet the Paris Agreement's commitments and avoid biodiversity loss. The European investment Bank Group is ready to tackle these challenges, the biggest of our time. This report shows how we delivered a record €94.9 billion in financing in 2021, supporting sustainable and inclusive growth in Europe and beyond. The Sustainability report should be read in conjunction with its two annexes, the GRI and SASB disclosures, as well as with the Group's 2021 TCFD report.

Our flagship report shows how the European Investment Bank stepped up to the challenges of 2022. From our ongoing work rebuilding Ukraine's damaged towns and cities and our support for refugees, to our unwavering commitment to the global threat of climate change. The report illustrates how our backing for energy efficiency and renewable power is part of the solution to the European Union's energy security needs and its climate goals. It also shows how our support for innovation and breakthrough technologies brings tangible benefits to Europe's economic competitiveness, to its climate goals, and its strategic autonomy. The report also showcases the contribution of EIB Global, our new international development branch, to greater wellbeing around the world.