EIC is a provider of innovative, smart and impactful solutions in the Estonian environmental landscape. We are working on developing practical solutions, finding cooperation and financing opportunities, both in Estonia and internationally, providing competent services, and bringing projects to life.
EIC was founded in 2000, and for the last 20 years it has served as one of the main financiers of environmental projects in Estonia. With the support of various sources of financing, the EIC has helped to implement the activities in the scope of different ministries of Estonia. As of 2020, over 20,000 environmental projects have been implemented with a financial contribution of more than EUR 2 billion from the EIC.
The organisation's main task is to finance projects that are necessary to meet its statutory* objectives.
These objectives are:
- the reduction of environmental nuisances to the maximum extent possible in order to protect the environment, human health, well-being, property and cultural heritage;
- the promotion of sustainable development in order to secure an environment that meets the health and well-being requirements of the present generation and future generations;
- the preservation and protection of biodiversity;
- a healthy environment;
- the prevention and remedying of environmental damage.
EIC was established by the Republic of Estonia, and the Ministry of the Environment exercises the rights of its founder.
*General Part of the Environmental Code Act, §1.