Madrid-based automotive components group CIE Automotive has received advisory support from the European Investment Bank (EIB) to accelerate decarbonisation across its operations and value chain.
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The support was provided by EIB Advisory under the Advisory Programme to Support Climate Action and Sustainability for Corporates funded by the InvestEU Advisory Hub.
CIE Automotive’s Decarbonisation Plan, reviewed with the assistance of the EIB, includes emissions reduction targets, a long-term strategy to achieve carbon neutrality by 2050, a detailed analysis of baseline emissions and Business-as-Usual trajectories, and the identification of key operational and supply chain levers for rapid emissions reduction.
The plan also outlines concrete investment opportunities such as energy efficiency improvements, low carbon technologies, renewable electricity procurement, the adoption of electric furnaces, and support for low carbon material sourcing.
With more than 100 manufacturing facilities across Europe, Asia, and the Americas, a diversified technological base, and strong supply chain integration, CIE says it is well positioned to drive sustainable change across one of the world’s most emissions intensive industries.
CIE Automotive says it is one of the first automotive companies to receive EIB advisory support under the InvestEU Advisory Hub.
By supporting CIE Automotive with targeted advisory services, the EIB and InvestEU are helping to transform strategic plans into concrete, investable projects that deliver real benefits for companies (including in terms of increased competitivity) and the environment.
Developing more sustainable manufacturing technologies in the automotive sector is critical to further decarbonising European industry and advancing the climate transition. The Hub acts as the single entry point for project promoters and intermediaries seeking advisory support, capacity-building, and technical assistance linked to centrally managed EU investment funds.
EIB Advisory acts as an implementing partner of the InvestEU Advisory Hub, delivering a wide range of services to help businesses and the public sector make sound investment decisions and gain access to financing.
The partnership between CIE Automotive and the EIB dates back to 2009. Since then, the EIB has supported the company’s research and development activities, strengthening its global competitiveness, CIE points out.
