Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental and Social Risks and Impacts
• Labour and Working Conditions
• Resource Efficiency and Pollution Prevention
• Community Health, Safety and Security
• Land Acquisition and Involuntary Resettlement
• Biodiversity Conservation and Sustainable Management of Living Natural Resources
• Cultural Heritage

Environmental Achievements

• Reduced GHG emissions by approximately 103,700 kilotonnes of CO2 across the SD PSA period through energy efficiency measures.
• Successful rehabilitation of coastal environment from previous pipeline installations.

Social Achievements

• Implemented Fishing Livelihoods Management Plan (FLMP) providing compensation to 45 fishing households temporarily impacted by pipeline construction.
• Regular engagement with communities surrounding Sangachal Terminal on issues of local employment, training, public safety, and grievances.

Governance Achievements

• Compliance with national legislation and BP's HSSE policy.

Climate Goals & Targets

Environmental Challenges

• Potential for in-migration and social conflict due to increased labor demand.
• Lack of public disclosure of environmental and social management plans.
• Incomplete baseline data for some associated facilities.
• Potential for cumulative impacts from other projects in the area.

Mitigation Strategies

• Contractor requirements for minimizing influx and promoting local employment.
• Ongoing community engagement and grievance mechanisms.
• Use of existing knowledge and experience from previous projects to inform risk assessments.
• Implementation of comprehensive environmental and social management systems.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• BP's code of conduct applied to contractors, screening of suppliers to prevent child and forced labor.

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Equator Principles, IFC Performance Standards, EBRD Performance Requirements, ADB Safeguard Policy Statement

Certifications: ISO 14001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Sustainable Development Goals (SDGs)
• Climate Change
• SME finance
• Gender equality
• Fragile and Conflict-Affected Situations (FCS)

Environmental Achievements

• Supported projects in renewable energy and energy efficiency, climate adaptation, and combating plastic waste.
• Reduced water consumption by around 162,800,000 m3 annually in a cotton farming project in Uzbekistan (30% reduction).

Social Achievements

• Supported projects in SMEs, gender equality, healthcare, and food production and distribution.
• Launched programs to support women entrepreneurs, including gender bonds and support for women-owned SMEs.
• Increased access to finance for smallholder farmers in Uganda.
• Supported vaccine manufacturing in Senegal.

Governance Achievements

• Strengthened governance processes through efforts such as strengthened blended concessional finance management units, more formalized processes, and enhanced training.
• Enhanced information on their websites and growth in programs with the potential for wider access by potential new clients.

Climate Goals & Targets

Environmental Challenges

• Global inflation and food shocks
• Support for companies affected by the Russian invasion of Ukraine
• Scaling up projects related to climate change
• Continued support for COVID-19 recovery
• Improving healthcare
• Addressing SME, gender and youth finance
• Supporting digitalization
• Supporting programs to help refugee/displaced persons
• Difficulty raising concessional funds for high-risk markets (FCS)
• Resource gap across the board due to increased fragility in middle-income countries and global climate mitigation needs
• Determining minimum concessionality in FCS due to lack of market benchmarks
• Identifying appropriate clients in FCS settings and mitigating political exposure and elite capture
• Differentiating where renewable energy and energy efficiency projects can be funded commercially and where they still need concessional support

Mitigation Strategies

• Expanding use of programmatic approaches with blended concessional finance
• Streamlining blended concessional finance processes through increased delegation, simplified documentation, and operational systems
• Strengthening internal teams to facilitate increased levels of investment
• Strengthening governance processes
• Enhanced information on their websites and growth in programs
• Developing significant blended concessional finance programs to address the war on Ukraine
• Using higher volumes of concessional finance, higher levels of concessionality, and dedicated efforts to find and support good sponsors in FCS
• Careful screening of project sponsors and bringing in new partners in FCS
• Developing a common approach with respect to renewable energy to guide the use of concessional finance

Supply Chain Management

Climate-Related Risks & Opportunities

UN Sustainable Development Goals

• Goal 1
• Goal 2
• Goal 5
• Goal 7
• Goal 13
• Goal 15

Environmental Metrics

ESG Focus Areas

• Climate Change
• Biodiversity
• Gender Equality
• Economic Inclusion
• Human Rights
• Green Economy Transition
• Just Transition

Environmental Achievements

• €6.4 billion in signed financing for green investments
• More than 4.6 GW of renewable energy capacity financed in 2022
• Projects signed in 2022 will provide clean drinking water for an estimated 550,000 people.
• Estimated emissions reduction totals 4,459 kilotonnes annually from EBRD Green Cities projects.

Social Achievements

• 37 per cent of EBRD investments promoted gender equality
• Around 80 per cent more operations promoted equality of opportunity than in 2021.
• The EBRD contributed to the introduction of 23 new training programmes promoting skills-enhancing opportunities for 3,303 individuals.
• 88 per cent of EBRD Green Cities projects signed promote gender equality.

Governance Achievements

• Since 1 January 2023, 100 per cent of new EBRD projects aligned with the goals of the Paris Agreement
• Launched Corporate Climate Governance Facility to help clients improve their corporate climate governance.
• Updated Diversity and Inclusion Policy approved by the Board.

Climate Goals & Targets

Environmental Challenges

• The Russian-led invasion of Ukraine brought uncertainty to the country and other economies.
• Growing urgency of the energy transition.
• E&S impacts of climate change and biodiversity loss.
• Emerging awareness of human rights issues, including GBVH and supply-chain risks.
• Increasing pace of digitalisation.
• Supply-chain challenges related to forced labor and child labor.
• Antimicrobial resistance (AMR).

Mitigation Strategies

• €3 billion package for 2022-23 to help Ukraine’s businesses and economy continue to function.
• EBRD Resilience and Livelihoods Framework supporting countries affected by the war.
• Developing economy-wide and sector-specific policies to support private sector investment.
• Developing low-carbon pathways and roadmaps for various sectors.
• Integrating climate risk assessments and adaptation measures into its delivery model.
• Climate Adaptation Action Plan (CAAP) to catalyse transformation, investment and policy activity.
• Supporting partner financial institutions (PFIs) in integrating E&S and climate practices.
• E&S risk management digital applications (E&S apps) for PFIs.
• In-person E&S risk management training for PFIs.
• Investing in green, sustainability and sustainability-linked bonds.
• Just Transition Initiative to ensure benefits of green economy transition are shared.
• Addressing GBVH risks through adapted due diligence processes and technical assistance.
• Internal working group to improve due diligence on supply-chain risks.
• Collaboration with ILO on supply-chain issues.
• Capacity building and training on human rights challenges.
• Strengthening risk-assessment tools to better integrate human rights issues.
• Engaging with CSOs to identify and manage risks.
• Digital Civil Society Programme in Türkiye.
• Collaboration on health and safety issues with financial and other institutions.
• Alliance with BSAC and Pfizer to address AMR risks.
• Supporting investee economies in tackling the short-term and long-term impacts of Covid-19.

Supply Chain Management

Responsible Procurement

• Assessing supply-chain risks related to forced labor and child labor.
• Developing bespoke tools to underpin due diligence processes in high-risk sectors.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding
• Drought
• Extreme heat
• Increased water stress
• Sea-level rise
• Soil degradation
• Hydrological variability

Transition Risks

• Regulatory changes
• Market shifts

Opportunities

• Development of energy-efficient products and services
• Expansion of renewable energy production

Reporting Standards

Frameworks Used: GRI, TCFD

Certifications: BREEAM Outstanding

Environmental Metrics

ESG Focus Areas

• Climate Change
• Diversity & Inclusion
• Governance
• Anti-corruption
• Occupational Health and Safety
• Child Labor
• Forced or Compulsory Labor
• Rights of Indigenous Peoples
• Human Rights
• Local Communities

Environmental Achievements

• Green economy financing made up 50% of the EBRD’s total investment volume (€6.5 billion)
• All new operations aligned with the goals of the Paris Agreement
• Achieved carbon neutrality in its own operations since 2017
• New headquarters building achieved BREEAM Outstanding certification and EPC A rating
• Estimated 62,250,622 GJ/year of primary energy saved through GET approach investments

Social Achievements

• Share of gender-tagged projects increased to 44%
• Maintained EDGE “Move” level of certification for gender equality
• EBRD Community Initiative supported charitable projects in EBRD regions and cultural/philanthropic activities

Governance Achievements

• Updated Code of Conduct for Officials of the Board of Directors and Code of Conduct for EBRD Personnel fully embedded
• Independent Project Accountability Mechanism (IPAM) managed 23 cases
• OCCO provided advice on the Codes to staff and Board officials, responding to 360 compliance inquiries

Climate Goals & Targets

Environmental Challenges

• Geopolitical tensions, inflationary pressures, and environmental challenges
• Supply chain complexities and lack of traceability in many sectors
• Addressing child and forced labor risks in supply chains

Mitigation Strategies

• Swift response to earthquakes in Türkiye and Morocco with multi-year investment plan
• Supply chain risk assessments in various sectors (wind power, cobalt, cotton, soya, palm oil, battery and energy storage systems, aluminum)
• Enhanced scrutiny and due diligence for projects with higher risks of child labor
• Support for ILO’s work in the Uzbek cotton sector and Uzbek Better Work programme

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Suppliers required to confirm no grounds for exclusion from contract award (including Prohibited Practices)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Regulatory changes, market shifts

Opportunities

• Development of energy-efficient products and services, green investments

Reporting Standards

Frameworks Used: GRI Standards

Certifications: BREEAM Outstanding (Five Bank Street HQ), EPC A rating (Five Bank Street HQ), EDGE “Move” level of certification for gender equality

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

EBRD aligns its transition qualities with the UN Sustainable Development Goals

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed