ISSB Report

The EBRD recorded a net profit of €1.7 billion in 2024, building further on the €2.1 billion gain achieved in 2023. The Financial Report 2024 includes the approved and audited financial statements that are required to be submitted under Article 27 of the Agreement Establishing the EBRD and Section 13 of its By-Laws, as well as additional reporting and disclosures on the Bank’s risk management, corporate governance and structure.

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.