Madrid-based CIE Automotive partners with the European Investment Bank (EIB) to accelerate decarbonisation efforts. The EIB provides support through its Advisory Programme to Support Climate Action and Sustainability for Corporates. CIE’s Decarbonisation Plan sets emissions reduction targets, a strategy for carbon neutrality by 2050, and investment opportunities in energy efficiency and low carbon technologies.

CIE Automotive, with over 100 manufacturing facilities worldwide, aims to drive sustainable change in the automotive industry. The company works with the EIB to implement concrete decarbonisation projects, making it a pioneer in receiving EIB advisory support under the InvestEU Advisory Hub. The collaboration aims to increase competitiveness and environmental benefits.

The partnership between CIE Automotive and the EIB, established in 2009, focuses on research and development to enhance global competitiveness. The EIB’s support strengthens CIE’s position in the industry. The collaboration underscores the importance of sustainable manufacturing in reducing emissions and advancing the climate transition. EIB Advisory plays a vital role in assisting businesses and the public sector in investment decisions and financing access.

Read more at Yahoo Finance: CIE Automotive receives support from the EIB for decarbonisation strategy