• Home
    • Home
    • President’s message
    • The EBRD’s approach to sustainability
    • Covid-19 response
  • Climate commitments
    • Introduction
    • Paris alignment
    • Fossil-fuel finance
    • Supporting climate strategies
    • Corporate climate governance
    • Task Force on Climate-related Financial Disclosures
    • COP26
  • Policy engagement
    • Introduction
    • EBRD Green Cities
    • Financial intermediaries
    • Capital market development
    • Just Transition initiative
    • Green policy case studies
  • Investments and impact
    • Introduction
    • Investments and impact
    • Financial institutions 
    • Investing in green and sustainability-linked bonds
    • EBRD Sustainability Awards 2021
  • Biodiversity
    • Introduction
    • Nature
    • Blue economy
    • Antimicrobial resistance
  • Donor support and partnerships
    • Introduction
    • Bilateral donors
    • Climate Investment Funds (CIF)
    • European Union (EU)
    • Partnering with the EU
    • Global Environment Facility (GEF)
    • Special environmental programmes: the E5P and NDEP
  • Social impact
    • Introduction
    • Economic inclusion and gender equality
    • Human rights
    • Civil society engagement
    • Health and safety
    • Independent Project Accountability Mechanism
  • Investor information
    • Introduction
    • EBRD Green Bond issuance
    • EBRD Social Bond issuance
    • Impact, outcome and output reporting
  • Impact inside the EBRD
    • Introduction
    • Global Reporting Initiative disclosure report for 2021
    • The new EBRD Headquarters:
      greener and more sustainable
    • Green Week
    • Diversity Week
    • Staff fundraising
  • Assurance and disclosures
    • Introduction
    • The Bank’s policies
    • Results in 2021
    • GET assurance process
    • Measuring and monitoring performance
    • Greenhouse gas (GHG) assessment for 2021
    • Independent Project Accountability Mechanism
  • Annexes
    • Annex 1: Climate project disclosure
    • Annex 2: Derogations
    • Annex 3: Category A disclosures
    • Annex 4: Glossary
  • ANNUAL REVIEW 2021

SUSTAINABILITY REPORT 2021

Sections
  • Home
  • Climate commitments
  • Policy engagement
  • Investments and impact
  • Biodiversity
  • Donor support and partnerships
  • Social impact
  • Investor information
  • Impact inside the EBRD
  • Assurance and disclosures
  • Annexes
 
The Sustainability Report 2021 explores the many ways in which the European Bank for Reconstruction and Development (EBRD) has had an impact this year, making a real difference to the daily lives of millions of people on three continents. 
 
  • Home
  • President’s message
  • The EBRD’s approach to sustainability
  • Covid-19 response
President's message
We will build on a very successful 2021 – the year that the EBRD celebrated its 30th anniversary.

Odile Renaud-Basso
EBRD President

 

 

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The EBRD has made addressing climate change and increasing green finance strategic priorities.
 
  • Introduction
  • Paris alignment
  • Fossil-fuel finance
  • Supporting climate strategies
  • Corporate climate governance
  • Task Force on Climate-related Financial Disclosures
  • COP26
Paris alignment

At its 2021 Annual Meeting, the EBRD approved a climate action resolution in which it committed to fully aligning the Bank’s activities with the objectives of the Paris Agreement by the end of 2022.

 

 

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The EBRD engages with stakeholders to support policies that are in line with its sustainability objectives.
 
  • Introduction
  • EBRD Green Cities
  • Financial intermediaries
  • Capital market development
  • Just Transition initiative
  • Green policy case studies
Green Cities

€2 billion

of new funding committed to double the existing headroom for EBRD Green Cities over the next two years

 

 

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The scale of the EBRD’s green investments demonstrates its commitment to addressing environmental and climate challenges.
 
  • Introduction
  • Investments and impact
  • Financial institutions 
  • Investing in green and sustainability-linked bonds
  • EBRD Sustainability Awards 2021
Green investments

€40 billion

EBRD green financing totalled more than €40 billion from 2006 to 2021.

 

 

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The EBRD works to mainstream nature-positive activities throughout its operations, helping to protect biodiversity in the economies where it invests.
 
  • Introduction
  • Nature
  • Blue economy
  • Antimicrobial resistance
Blue economy

The blue economy is now globally recognised as key to achieving the aims of the Paris Agreement and the SDGs.

 

 

Antimicrobial resistance

Antimicrobial resistance (AMR) remains one of the biggest public health challenges of our time.

 

 

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Donor governments and partners make a vital contribution to the EBRD’s work by providing funds that act as a catalyst for the Bank’s investments and other activities.
 
  • Introduction
  • Bilateral donors
  • Climate Investment Funds (CIF)
  • European Union (EU)
  • Partnering with the EU
  • Global Environment Facility (GEF)
  • Special environmental programmes: the E5P and NDEP
Donor support

€684 million

In 2021, donors provided €684 million to support the EBRD’s investments, advisory, capacity building, investment climate reform and policy dialogue in the form of grants and concessional finance.

 

 

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The EBRD believes that equal access to economic opportunity is integral to sustainable market development. In 2021, the Bank more than doubled the share of its projects that address gender inequality.
 
  • Introduction
  • Economic inclusion and gender equality
  • Human rights
  • Civil society engagement
  • Health and safety
  • Independent Project Accountability Mechanism
Addressing inequality

35%

From 2020 to 2021, the EBRD more than doubled the share of its projects that address gender inequality up to 35 per cent.

 

 

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The EBRD strives for a high standard of sustainable development in all of its operations, as reflected in its mandate, its ESP, its Sustainability Statement and the Bank’s commitment to aligning all of its financial flows with the Paris Agreement. All of its bonds may, therefore, be considered socially responsible investments (SRI).
 
  • Introduction
  • EBRD Green Bond issuance
  • EBRD Social Bond issuance
  • Impact, outcome and output reporting
Green and social bonds

The terms “Green Bond” and “Social Bond” are used by the market for green or social bonds that are issued in line with the Green Bond Principles (GBP) and Social Bond Principles (SBP), respectively (collectively, “the Principles”).

 

 

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Alongside its work with clients, the EBRD is committed to implementing best-practice environmental and social standards in its own operations.
 
  • Introduction
  • Global Reporting Initiative disclosure report for 2021
  • The new EBRD Headquarters:
    greener and more sustainable
  • Green Week
  • Diversity Week
  • Staff fundraising
New EBRD Headquarters

Five Bank Street the EBRD's new headquarters

 

The new EBRD Headquarters building, based in 5 Bank Street, Canary Wharf, is setting new standards when it comes to the sustainability of construction.

 

 

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The EBRD’s approach to sustainability is underpinned by its ESP which defines the standards that all Bank projects are required to meet.
 
  • Introduction
  • The Bank’s policies
  • Results in 2021
  • GET assurance process
  • Measuring and monitoring performance
  • Greenhouse gas (GHG) assessment for 2021
  • Independent Project Accountability Mechanism
Potential impacts

The environmental and social category – A, B, C or FI (financial intermediary) – reflects the potential impacts associated with a project and determines the nature of the environmental and social appraisal, information disclosure and stakeholder engagement required.

 

 

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Additional information about our projects
 
  • Annex 1: Climate project disclosure
  • Annex 2: Derogations
  • Annex 3: Category A disclosures
  • Annex 4: Glossary
Derogations

In 2021, there were no signed projects that required an environmental or social derogation.

 

 

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ANNUAL REVIEW 2021
We invest in changing lives
INCLUSION
35%
From 2020 to 2021, the EBRD more than doubled the share of its projects that address gender inequality up to 35 per cent.

Read More

The EBRD and the war on Ukraine

Ukrainian refugees fleeing on a train

We have committed an initial €2 billion resilience package of measures to help citizens, companies and countries affected by the war on Ukraine.

Who we are

The EBRD is investing in changing people’s lives from central Europe to Central Asia, the Western Balkans and the southern and eastern Mediterranean region. With an emphasis on working with the private sector, we invest in projects, engage in policy dialogue and provide technical advice which fosters innovation and builds modern economies that are competitive, well-governed, green, inclusive, resilient and integrated.

What we do

The EBRD invests in commercial projects that deliver a market-based financial return while having a measurable economic, social or environmental impact. We work with private clients of all sizes, including SMEs. We also finance municipal entities and publicly owned companies, often in support of essential infrastructure and services. The Bank invests in well-structured, financially robust projects, both directly and through financial intermediaries such as local banks and investment funds. Our principal financing instruments are loans, equity investments and guarantees.

Contact

EBRD
One Exchange Square
London EC2A 2JN
United Kingdom
Tel: 020 7338 6000

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ANNUAL REVIEW 2021