Environmental and Social Policy

The European Bank for Reconstruction and Development is committed to promoting environmentally sound and sustainable development in the full range of its activities pursuant to the Agreement Establishing the EBRD. The Bank recognises that environmental and social sustainability is a fundamental aspect of achieving outcomes consistent with its transition mandate. Therefore, projects that foster environmental and social sustainability are among its highest priorities.

The Environmental and Social Policy (ESP): 

• outlines how the EBRD will manage the sustainability of its own operations and sets out the Bank’s commitments and implementation arrangements
• summarises how the Bank will assess and monitor the environmental and social impacts and risks of its projects
• sets minimum requirements for managing environmental and social impacts and risks associated with EBRD-financed projects throughout the lifetime of those projects
• commits the Bank to identifying opportunities to promote projects and solutions with high environmental and social benefits
• defines the respective roles and responsibilities of both the EBRD and its clients in designing, implementing and operating projects in accordance with this Policy.

This document supersedes the EBRD Environmental and Social Policy (2019) and its associated Environmental and Social Requirements (previously called Performance Requirements).

Translations of the ESP 2024 will be available in Q1 2025

Report on the Invitation to Comment