European Bank for Reconstruction and Development
Climate Impact & Sustainability Data (2019)
Reporting Period: 2019
Environmental Metrics
ESG Focus Areas
- Climate Change
- Green Economy
- Economic Inclusion
- Gender Equality
- Governance
Environmental Achievements
- 46% of EBRD investments financed green economy projects, exceeding the 40% target for 2020.
- €4.6 billion invested in 260 green economy projects.
- Record levels of climate finance provided.
- Issued the world’s first dedicated climate resilience bond, raising US$700 million.
- Expected annual CO2 emissions reductions of 4.8 million tonnes.
Social Achievements
- 71 projects addressing gender, youth, and regional inclusion signed.
- Financing under the Women in Business programme topped €500 million, benefiting over 60,000 women-led SMEs.
- First transaction explicitly addressing economic inclusion for people with disabilities approved.
- Joined the Women Entrepreneurs Finance Initiative (We-Fi).
- Supported the refugee response in Jordan and Turkey with a €900 million financing package.
Governance Achievements
- Completed a review of its three governance policies (Environmental and Social Policy, Access to Information Policy, and Project Accountability Policy), including the largest stakeholder engagement exercise ever undertaken.
Climate Goals & Targets
Medium-term Goals:
- Increase green financing to 40% of annual business volume by 2020.
Environmental Challenges
- Social and economic impacts of the transition to a low-carbon economy.
- Supply chain disruptions due to climate events (implied).
Mitigation Strategies
- Started work on a “Just Transition” approach to support communities.
- Helping businesses deal with climate shocks.
- Working with financial markets to ensure capital flows reflect climate change.
Supply Chain Management
Climate-Related Risks & Opportunities
Physical Risks
- Extreme weather events
- Flooding
- Landslides
Transition Risks
- Social and economic impacts of transition to low-carbon economy
Opportunities
- Development of energy-efficient products and services
- Growth in renewable energy sector
Reporting Standards
Frameworks Used: Green Bond Principles (GBPs), Social Bond Principles (SBPs), Task Force on Climate-related Financial Disclosures (TCFD)
UN Sustainable Development Goals
- Goal 5 (Gender Equality)
- Goal 6 (Clean Water and Sanitation)
- Goal 7 (Affordable and Clean Energy)
- Goal 8 (Decent Work and Economic Growth)
- Goal 9 (Industry, Innovation and Infrastructure)
- Goal 10 (Reduced Inequalities)
- Goal 11 (Sustainable Cities and Communities)
- Goal 12 (Responsible Consumption and Production)
- Goal 13 (Climate Action)
EBRD activities contribute to 14 of the 17 SDGs.