The 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 activities within the scope of different ministries in Estonia.
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.
The EIC was established by the Republic of Estonia, and the Ministry of the Environment exercises founder rights.
*General Part of the Environmental Code Act, §1.
As of 2020, over 20,000 environmental projects have been implemented with a financial contribution of more than EUR 2 billion from the EIC.
Vision, mission, and values
Strategic objectives and target activities
Based on its vision, the EIC’s activities could be divided into three strategic directions of development, the effectiveness of which can be measured and which have a clear cause-and-effect connection between the EIC’s contribution and the result.
Functions and management of the organisation
Strategy for 2020-2024
The strategy document defines the fundamentals governing the functioning of the EIC as an organisation, in order to best achieve the EIC’s objectives and to establish a clear basis for the development and working principles of the organisation, on both a short and a long term basis.