Editing European Investment Bank (section)

=== Tax ===
In 2014, eleven NGOs demanded the release of an EIB report into allegations of tax fraud by the Swiss commodity trader [[Glencore]] in [[Zambia]] related to the [[Mopani Copper Mines]]. Following a recommendation of the [[European Ombudsman]] the EIB released a summary which stated their investigation had been "non-conclusive". The Ombudsman subsequently called this summary inadequate and accused the EIB of failing to meet its own transparency policy. In response, EIB stopped lending to Glencore in 2011 due to concerns about its corporate governance.<ref>{{Cite web|date=2011-05-31|title=European Investment Bank halts loans to Glencore|url=http://www.theguardian.com/business/2011/may/31/eib-halts-loans-to-glencore|access-date=2021-04-28|website=the Guardian|language=en}}</ref>

The EIB reviewed its transparency standards applying to control functions by including a new provision of the EIB Group's Transparency Policy of 2015 allowing the bank to disclose a summary after an investigation has been closed.<ref>{{Cite book|title=EIB Group Transparency Policy|url=https://www.eib.org/en/publications/eib-group-transparency-policy|access-date=2021-04-28|date=10 March 2015|publisher=European Investment Bank |language=en}}</ref>

Reports in 2010 and 2015, from a coalition of NGOs, implicated the EIB in [[tax avoidance]] by lending to businesses that use tax havens. The EIB has been constantly improving its procedures and standards including on governance and tax matters. This includes the EIB's Environmental and Social Standards,<ref>{{Cite book|title=Environmental and Social Standards|url=https://www.eib.org/en/publications/environmental-and-social-standards|access-date=2021-04-28|website=European Investment Bank|date=29 October 2018|language=en}}</ref> the Anti-fraud Policy,<ref>{{Cite book|title=EIB Anti-Fraud Policy|url=https://www.eib.org/en/publications/anti-fraud-policy|access-date=2021-04-28|website=European Investment Bank|date=8 November 2013|language=en}}</ref> and the EIB Group Policy towards weakly regulated, non-transparent and non-cooperative jurisdictions and tax good governance.<ref>{{Cite book|title=EIB Group Policy towards weakly regulated, non-transparent and non-cooperative jurisdictions and tax good governance|url=https://www.eib.org/en/publications/eib-policy-towards-weakly-regulated-non-transparent-and-uncooperative-jurisdictions|access-date=2021-04-28|date=25 March 2019|publisher=European Investment Bank |language=en |last1=Bank |first1=European Investment }}</ref>