EBRD publishes first audited sustainability disclosures in full compliance with ISSB standards

• EBRD among the world’s first institutions to publish an audited ISSB sustainability report
• Full compliance with ISSB standards to enhance transparency on sustainability
• Audited report sets the benchmark for multilateral development banks

The European Bank for Reconstruction and Development (EBRD) has today published its first audited sustainability disclosures in full compliance with International Sustainability Standards Board (ISSB) standards.

This makes the EBRD the first multilateral development bank to achieve this milestone and one of the very first institutions worldwide to publish an audited ISSB report.

The audit provides assurance that the EBRD’s sustainability data are complete, accurate and reliable, reinforcing stakeholder confidence in the Bank’s climate and sustainability reporting.

EBRD Vice President and Chief Financial Officer Burkhard Kübel-Sorger said: “This publication is a major step forward in our sustainability journey. By fully complying with ISSB standards, we are enhancing the transparency of our climate-related financial risks and opportunities, while setting the benchmark for multilateral development banks.”

The Bank had pledged to adopt ISSB standards by the end of the 2025 financial year and has now delivered ahead of schedule. The new disclosures expand on the Bank’s previous climate reporting and cover its governance, strategy, risk management and performance metrics.

The ISSB was created by the International Financial Reporting Standards (IFRS) Foundation at the COP26 climate conference in 2021 to establish a global baseline for sustainability reporting. Supported by regulators worldwide and backed by the G20 group of nations, the ISSB standards are designed to give investors clear and comparable information on sustainability risks and opportunities.

The EBRD integrates sustainability into all of its operations. Every investment is screened for climate risk and since 2023, the Bank’s activities have been aligned with the Paris Agreement. In 2024, green financing reached a record €9.7 billion, corresponding to 58 per cent of the Bank’s total investment volume.