• Home
    • Home
    • President’s message
    • The EBRD’s approach to sustainability
    • Covid-19 response
  • Investments in the
    green economy
    • Investments in the
      green economy
    • Covid-19 and EBRD investments
    • Meeting Green Economy Transition targets
    • Becoming a majority green bank
    • Alignment with the Paris Agreement
    • Supporting the corporate transitions to decarbonisation
    • Investing in green infrastructure
    • Working with the financial sector
    • Green Economy Financing Facilities
    • Green trade
    • EBRD 2020 Sustainability Awards
  • EBRD policy engagement
    and outreach
    • EBRD policy engagement and outreach
    • Long-term policy engagement unlocks impact
    • EBRD Green Cities
    • Improving the corporate governance of climate risk
    • Long-term low-carbon pathways
    • Scaling up renewables through renewable energy auctions
    • Just Transition Initiative
    • Blue economy
    • Antimicrobial resistance
  • Climate action, donor support and partnerships
    • Climate action, donor support and partnerships
    • Donors
    • Special environmental programmes: the NDEP and the E5P
    • Knowledge-sharing partnerships
    • Partnering with the EU
  • Social impact
    • Social impact
    • Economic inclusion
    • Human rights
    • Civil-society organisations
    • Health and safety
  • Investor information:
    Green and Social Bonds
    • Investor information
    • Introduction
    • Green and Social Bonds
    • Impact, outcome and output reporting
  • Assurance and disclosures
    • Assurance and disclosures
    • The Bank’s policies
    • Results in 2020
    • GET assurance process
    • Measuring and monitoring performance
    • Greenhouse gas (GHG) assessment for 2020
    • Independent Project Accountability Mechanism
  • Impact inside the EBRD
    • Impact inside the EBRD
    • The EBRD’s first GRI Disclosure Report
    • The Headquarters project
    • Diversity Week
    • Green Week
  • Annexes
    • Annexes
    • Annex 1: Climate project disclosure
    • Annex 2: Derogations
    • Annex 3: Category A disclosures
  • Case studies
    • Case studies

Sustainability Report 2020

Sections
  • Home
  • Investments in the
    green economy
  • EBRD policy engagement
    and outreach
  • Climate action, donor support and partnerships
  • Social impact
  • Investor information:
    Green and Social Bonds
  • Assurance and disclosures
  • Impact inside the EBRD
  • Annexes
  • Case studies
 
  • Home
  • President’s message
  • The EBRD’s approach to sustainability
  • Covid-19 response
Fast facts
Climate change
3.2 billion euros
Invested in climate mitigation, climate adaptation and other environmental activities
Covid-19 response
802 million euros
provided under the Vital Infrastructure Support Programme
Highlights
We are supporting progress to green, low-carbon economies, promoting equality of opportunity and accelerating the digital transition
Other reports
Annual Review 2020
 
  • Investments in the
    green economy
  • Covid-19 and EBRD investments
  • Meeting Green Economy Transition targets
  • Becoming a majority green bank
  • Alignment with the Paris Agreement
  • Supporting the corporate transitions to decarbonisation
  • Investing in green infrastructure
  • Working with the financial sector
  • Green Economy Financing Facilities
  • Green trade
  • EBRD 2020 Sustainability Awards
Fast facts
GREEN FINANCING
3.2 billion euros
across 200 projects in 2020
EMISSION REDUCTIONS
27,000 kTCO2e/y
from EBRD projects. Equivalent to the annual emissions of 4 million EU citizens.
Highlights
The EBRD's new GET approach for 2021-25 sets an ambitious target for the Bank to achieve a green finance ratio of 50 per cent of its annual investment by 2025
Other reports
Annual Review 2020
 
  • EBRD policy engagement and outreach
  • Long-term policy engagement unlocks impact
  • EBRD Green Cities
  • Improving the corporate governance of climate risk
  • Long-term low-carbon pathways
  • Scaling up renewables through renewable energy auctions
  • Just Transition Initiative
  • Blue economy
  • Antimicrobial resistance
Fast facts
Policy engagement
128 green laws, regulations, strategic documents and policy guidelines
developed as a result of EBRD support
Green Cities
Seven new cities joined our EBRD Green Cities programme
Split, Semey, Ust-Kamenogorsk, Ganja, Iasi, Warsaw and Ankara. This brought the total network to 44 cities.
Highlights
In 2020, we published our first standalone report on the steps the EBRD is taking to follow the recommendations of the Task Force on Climate-related Financial Disclosures
Other reports
Annual Review 2020
 
  • Climate action, donor support and partnerships
  • Donors
  • Special environmental programmes: the NDEP and the E5P
  • Knowledge-sharing partnerships
  • Partnering with the EU
Fast facts
Donor contributions
589 million euros
to support the EBRD’s operations and policy dialogue activities in the form of grants, loans and risk-mitigation instruments
Energy efficiency
104.7 € million
donor contributions from 2013 to 2020 to the Regional Energy Efficiency Programme for the Western Balkans, helping to leverage €377 million of EBRD and €135 million of KfW investment
Highlights
The Regional Energy Efficiency Programme for the Western Balkans (REEP) is a key EU-funded programme and the main instrument used to support the implementation of the EU Renovation Wave in the region.
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Annual Review 2020
 
  • Social impact
  • Economic inclusion
  • Human rights
  • Civil-society organisations
  • Health and safety
Fast facts
2020 HIGHLIGHTS
14.8% year-on-year increase
in the number of projects we support that promote gender inclusion
CIVIL SOCIETY
19 online consultations in 2020
reaching out to
220 CSO participants from more than 20 countries, as part of the EBRD's Covid-19 response
HEALTH AND SAFETY
Six videos in five languages
covering key E&S
messages and guidance
for EBRD clients
Highlights
The EBRD offers high-quality local training, improved access to finance, employment opportunities and the promotion of equitable access to fundamental services to help clients across all sectors.
Other reports
Annual Review 2020
 
  • Investor information
  • Introduction
  • Green and Social Bonds
  • Impact, outcome and output reporting
Fast facts
GREEN PROJECT PORTFOLIO
3.75 € billion
Total operating assets as at
31 December 2020
CLIMATE RESILIENCE PORTFOLIO
1.33 € billion
Total operating assets as at
31 December 2020
GREEN TRANSITION PROJECT PORTFOLIO
73% of total GHG savings
are achieved through energy efficiency, which is associated with 3.6 million tonnes of GHG savings annually
Highlights
In 2020, the EBRD published its first standalone Global Reporting Initiative (GRI) disclosure report, using the GRI Standards to structure its contents.
Other reports
Annual Review 2020
 
  • Assurance and disclosures
  • The Bank’s policies
  • Results in 2020
  • GET assurance process
  • Measuring and monitoring performance
  • Greenhouse gas (GHG) assessment for 2020
  • Independent Project Accountability Mechanism
Fast facts
SINCE
2019 the EBRD has carried out economic assessments of projects with GHG emissions
These reveal the true costs and benefits of EBRD investments when environmental considerations are awarded an economic value.
Highlights
The environmental and social performance of all EBRD projects is closely monitored throughout the investment cycle. This involves a combination of client reporting, regular site visits by Bank staff and independent audits.
Other reports
Annual Review 2020
 
  • Impact inside the EBRD
  • The EBRD’s first GRI Disclosure Report
  • The Headquarters project
  • Diversity Week
  • Green Week
Fast facts
IN
2020
the EBRD published its first standalone Global Reporting Initiative (GRI) disclosure report
It complements the Sustainability Report to give stakeholders a comprehensive overview of the EBRD's approach to ESG issues.
GREEN WEEK
346 trees planted
by EBRD staff
Highlights
Sustainability is at the heart of the EBRD’s vision for the interior design and fit-out of its future Headquarters at 5 Bank Street, Canary Wharf.
Other reports
Annual Review 2020
 
  • Annexes
  • Annex 1: Climate project disclosure
  • Annex 2: Derogations
  • Annex 3: Category A disclosures
Fast facts
Environmental and Social category
3% of projects
signed in 2020 were classed category A
Environmental and Social category
92% of projects
signed in 2020 were classed category B or FI
Highlights
Full ESIAs for all category A projects were available in local languages and were disclosed electronically.
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Annual Review 2020
 
  • Case studies
Fast facts
Highlights
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Annual Review 2020
We invest in changing lives
GREEN ECONOMY TRANSITION
29%
In 2020, a third of the EBRD’s investments helped to finance green economy projects

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SOCIAL AND ECONOMIC INCLUSION
We support the economic inclusion of all people – whatever their gender, place of birth, socio-economic background or age

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UNITED NATIONS SUSTAINABLE DEVELOPMENT GOALS
UN SDGs
The activities of the EBRD contribute to 14 of the 17 goals
CORONAVIRUS RESPONSE

We are committing all our activity in 2020-21 to helping our regions counter the economic impact of the coronavirus pandemic.

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 2020