The EBRD is unique among multilateral financial institutions in that it has had an environmental mandate since its inception. This commits the Bank to finance projects that are environmentally sound and sustainable. 'Environment' is defined by the Bank in its broadest sense to encompass not only ecological impacts but also worker, health, safety and community issues.
Recent developments
The EBRD recently announced a second phase of its Sustainable Energy Initiative which sets new objectives for the Bank to further scale up energy efficiency and renewable energy financing and reduce carbon emissions for the period 2009-11. The Sustainability Report details the Bank’s impact on people and the environment in its countries of operations.
