In accordance with our environmental and social policy, all projects are screened at concept clearance state to ascertain whether they are likely to be associated with a significant increase or reduction in Greenhouse Gas (GHG) emissions. Projects identified in this way are then subjected to a detailed assessment. This enables us to:
- Integrate GHG assessment into project appraisal and identify any opportunities to incorporate GHG emission reductions into the project
- Compile and publish data annually on the emissions likely to be associated with each year’s new investment signings.
The environmental and social policy mandates the GHG assessment for all projects whose emissions are expected to exceed 100 kt CO2e per annum.
Clients who have been requested to provide us with the data needed for the GHG assessment should refer to the following guidance documents:
The results of the GHG assessment are published each year in the Bank’s annual Sustainability Report. The assessment combines:
- Sustainable Energy Initiative (SEI) projects which result in significant GHG savings; and
- Greenfield projects and capacity expansions in sectors such as energy generation, which typically lead to net emission increases.
In recent years, the Bank has typically achieved overall carbon neutrality:
|GHG impact of Bank-financed projects signed in each financial year (MtCO2e per annum)|
Cooperation with other multilateral financial institutions
The EBRD is an active member of the Multilateral Financial Institutions (MFI) Greenhouse Gas Footprinting working group. This includes representatives from leading international development banks and export credit agencies, and was established to explore harmonization of approaches to GHG accounting.