Complaint regarding the decision by the EIB to grant ArcelorMittal R&D Facility loan

The complaint was filed by Client Earth and Bankwatch to the EIB complaint office after the EIB signed a loan to steel giant ArcelorMittal that was still under investigation from a previous complaint.

On 3 March this year, the organisations together with the Global Action on ArcelorMittal coalition, filed a complaint with the EIB complaint office stating that the bank had failed to prove that it had properly assessed whether ArcelorMittal could have financed the EUR 250 million ArcelorMittal R&D Facility project from its own resources.