CEB publishes 2024 Social Inclusion Bond Report

PARIS - The Council of Europe Development Bank (CEB) published today its Social Inclusion Bond (SIB) Report under the Bank's portfolio approach for the management of proceeds. Along with the report, the CEB released the excel document containing allocation and impact details.

Key figures of the eligible social loans portfolio as at 31 December 2024:

• 141 445 dwellings constructed or renovated, housing 325 323 residents;
• 3 598 824 students benefitted from new or better educational facilities;
• 1 862 healthcare establishments constructed or modernised;
• 1 396 205 jobs maintained and 71 451 jobs created.

The "Use of Proceeds" categories of the Framework are unchanged and comprise the following four key sectors of activity for the Bank:

• housing for low-income persons;
• health and social care;
• education and vocational training;
• support to micro-, small- and medium-sized enterprises (MSMEs) for the creation and preservation of viable jobs.

In 2024 the CEB's SIB issuance reached €2.8 billion, representing over 40% of the Bank's total funding programme. Since 2017, the CEB has issued 23 SIBs for a total volume of €11 billion.

Furthermore, the CEB continued to be a leader in the Social Bond market, supplementing the EUR and USD denominated SIB benchmarks as well as the SEK, CAD and AUD SIB issuances by expanding into the Norwegian krone (NOK) market. This diversification strategy allows the CEB to meet specific investors requests in different regions, while providing further growth to the social bond market.

The Council of Europe Development Bank (CEB) is a multilateral development bank, whose unique mission is to promote social cohesion in its 43 member states across Europe. The CEB finances investment in social sectors, including education, health and affordable housing, with a focus on the needs of vulnerable people. Borrowers include governments, local and regional authorities, public and private banks, non-profit organisations and others. As a multilateral bank with an excellent credit rating, the CEB funds itself on the international capital markets. It approves projects according to strict social, environmental and governance criteria, and provides technical assistance. In addition, the CEB receives funds from donors to complement its activities.