The EIB has a zero tolerance policy against fraud, corruption, collusion, coercion, obstruction, theft at EIB Group premises, misuse of EIB Group resources or assets, money laundering and terrorist financing (together “Prohibited Conduct” as defined in the EIB Group Anti-Fraud Policy) in relation to its activities and projects.
The EIB’s Exclusion Policy sets out the policy and procedures for the exclusion of entities and individuals found to have engaged in Prohibited Conduct from EIB-financed projects and other EIB-related activities for a certain period of time. It enforces the prohibitions contained in the EIB Group’s Anti-Fraud Policy and, in doing so, contributes to safeguarding the financial interests, the integrity and reputation of the Bank and the activities it finances.
Proceedings instigated under this Exclusion Policy follow a three-stage review process to determine whether the evidence presented convincingly supports the conclusion that an entity or individual engaged in Prohibited Conduct.
Entities subject to an exclusion decision
The following entities are currently publicly subject to an EIB exclusion decision:
|Name||Country of incorporation||Nature of decision||Valid from||Valid until||Type of proceedings|
|Strabag a.s||Czech Republic||Exclusion||15.05.2023||31.03.2024||Negotiated settlement|
|Shenzhen Clou Electronics Co., Ltd||China||Exclusion for a period of four (4) years with conditional release after two (2) years||23.07.2021||22.07.2025||Discretionary proceedings|
|Henan Electric Power Transmission and Transformation Construction Co., Ltd||China||Exclusion for a period of four (4) years with conditional release after two (2) years||14.03.2022||13.03.2026||Discretionary proceedings|
|Renaissance Travaux Publics||Ivory Coast||Exclusion for a period of four (4) years with conditional release after two (2) years||27.06.2022||26.06.2026||Discretionary proceedings|
|Société des Grands Travaux Internationaux||Tunisia||Exclusion for a period of four (4) years with conditional release after two (2) years||27.06.2022||26.06.2026||Discretionary proceedings|
|EMA Côte d’Ivoire (EMA-CI)||Ivory Coast||Exclusion for a period of four (4) years with conditional release after two (2) years||27.06.2022||26.06.2026||Discretionary proceedings|
|Entreprise Ivoirienne de Bâtiment et Hydraulique SARL (EIBH)||Ivory Coast||Exclusion for a period of five (5) years with conditional release after three (3) years||07.03.2023||06.03.2028||Discretionary proceedings|
|Entreprise Ivoirienne de Travaux publics (EITP)||Ivory Coast||Exclusion for a period of five (5) years with conditional release after three (3) years||04.04.2023||03.04.2028||Discretionary proceedings|
The EIB Exclusion Policy includes a provision which allows the EIB to enter into negotiated settlements with individuals or entities that have engaged in Prohibited Conduct.
The list below contains historical settlements, agreed by the EIB and the respective parties:
- Egis International – published on 30 May 2023
- Strabag a.s. – published on 16 May 2023
- GE Steam Power – published on 21 December 2021
- JSC Nenskra Hydro and Hyundai Engineering & Construction Co., Ltd. – published on 5 November 2020
- Sediver SAS – published on 30 September 2019
- Volkswagen AG – published on 20 December 2018
- Iberdrola Ingeniería y Construcción S.A.U. (Iberinco) – published on 5 January 2018
- Mr F. Prior Sanz, FIR Advisors S.L. and Squatina Business Inc. – published on 4 October 2016
- Gama Power Systems – published on 17 August 2015
- Siemens – published on 15 March 2013