ISSB Report

The EBRD recorded a net profit of €2.1 billion in 2023, offsetting all of the €1.1 billion losses incurred in 2022 following the Russian invasion of Ukraine. The Financial Report 2023 includes the approved and audited financial statements (required to be submitted under Article 27 of the Agreement Establishing the Bank and Section 13 of its By-Laws), as well as additional reporting and disclosures on the EBRD’s risk management, corporate governance and structure.

In the face of a challenging global economic environment, the EBRD’s prudently managed balance sheet demonstrated resilience and the Bank’s financial position remains strong. The Financial Report 2022 includes the approved and audited financial statements (required to be submitted under Article 27 of the Agreement Establishing the Bank and Section 13 of its By-Laws), as well as additional reporting and disclosures on the EBRD’s risk management, corporate governance and structure. The report is available as a print version (and in PDF below).

The Task Force on Climate-related Financial Disclosures (TCFD) was established in 2016 by the G20’s Financial Stability Board to better understand and promote disclosure of climate-related financial risks. In 2017, the TCFD published recommendations for the voluntary disclosure of such risks, for use by companies and financial institutions in providing information to investors, lenders, insurers and other stakeholders. The TCFD recommended preparing this disclosure under four high-level pillars: (i) governance, (ii) strategy, (iii) risk management, and (iv) metrics and targets. The EBRD became a supporter of the TCFD in March 2018 and was the first multilateral development bank (MDB) to sign up to this key initiative.