European Parliament Adopts InvestEU Programme, Enabling Billions in Climate and Social Investment

Mark Segal March 10, 2021

The European Parliament announced the adoption of the InvestEU programme, triggering hundreds of billions of euros over the next several years towards sustainable investment, innovation and job creation in Europe.

According to the EU Parliament, with €26 billion set aside in the EU budget as a guarantee, InvestEU is expected to mobilise €400 billion to be invested across the European Union from 2021 to 2027.

In addition to supporting supports strategic investments in manufacturing of pharmaceuticals, medical devices and supplies, InvestEU will also finance sustainable projects that can prove their positive environmental, climate and social impact, aligning with EU targets of spending at least 30% of EU funds on climate objectives by 2027 and to provide support for SMEs negatively affected by the pandemic. Investment allotments for specific policy objectives include 38% to sustainable infrastructure, 25% to research, innovation and digitalization, 26% to SMEs and 11% to social development and skills.

European Parliament Member Irene Tinagli (S&D, IT) said:

“We diverted more funds to meet environmental targets, to support SMEs, which suffered because of the pandemic, and we succeeded in placing Invest EU at the heart of NextGenerationEU. Since InvestEU will also help us to recover from the pandemic, we created synergies with the Recovery and Resilience Facility, allowing member states to implement part of their recovery and resilience plans through InvestEU.”

Mark founded ESG Today following a 20 year career in investment management and research. Prior to founding ESG Today, Mark worked at Delaney Capital Management (DCM) in Toronto, Canada, most recently as the firm’s head of U.S. equities. While at DCM, Mark was part of the firm’s ESG team, responsible for evaluating and tracking the sustainability factors impacting portfolio companies, and assessing the suitability of companies for portfolio inclusion. Mark also spent several years in the sell-side research industry, covering the technology and services sectors. Mark holds an MBA from Columbia University in New York, a BBA from the Schulich School of Business at York University in Toronto, and is a CFA charterholder.