Stantec awarded framework contract with the European Investment Bank (EIB) to actualize climate action
The European Investment Bank (EIB) has selected Stantec for the framework contract to support EIB financial sector operations inside and outside of the European Union. Within this contract, Stantec is eligible to bid for the projects that fall under Lot 2: EIB Climate Action Support Facility (CASF), to provide medium to long-term institutional support and capacity building services to financial intermediaries in the European Union (EU) as well as in the Western Balkans (Albania, Bosnia and Herzegovina, Republic of North Macedonia, Kosovo, Montenegro and Serbia) and the EU's Southern (Algeria, Egypt, Jordan, Lebanon, Libya, Morocco, Palestine and Tunisia) and Eastern (Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine) Neighbourhoods. The available contracting period is four years, with a budget reaching up to €20 million.
“We are excited to expand on our long-time partnership with the EIB, and our many years of experience in the dedicated regions. Climate financing is an excellent avenue for international donors to effect positive change in communities around the world, which is why it has become one of our services of focus,” remarks Belgium Operations Director Christophe Leroy. “This project is perfectly in alignment with our team’s strengths, so we look forward to getting things started.”
The thematic areas covered in Lot 2 of this framework spans renewable energy, energy efficiency, climate change mitigation in agriculture, forestry, fisheries, aquaculture and land-use, decarbonisation of transport, climate change adaptation investments, and other sustainable finance thematic areas with environmental/climate relevance. These topics straddle the Stantec team’s dedicated focuses around clean and renewable energy and climate change and natural resources. Within these topics, the required services include institutional assessments of financial institutions, development of strategic and business plans, advise on the development of financial products and services, assistance with the building of pipelines and origination of loans, trainings, and the development of compliance systems.
The framework’s focus on financial intermediaries, Small and Medium Enterprises, Mid-Caps, private households and governmental and regulatory bodies presents a holistic approach for how to move the needle towards realistically enabling a more sustainable future. Our team is ready to do what is needed to make this happen.