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Governing the transition: redefining climate and sustainability for a just and resilient future
In today’s rapidly changing world, firms face mounting pressure from geopolitical instability, climate risks and regulatory changes. Stakeholders are increasingly demanding measurable progress on green matters, while new regulations signal an emerging consensus that sustainability – far from being optional – is now essential for market access. Despite resistance in some regions, climate governance is becoming a vital transformation tool. Progress here requires broad, multi-stakeholder collaboration, so institutions like the EBRD are working closely with public and private actors to improve governance as a foundation for economic resilience, energy security, credible transition planning and systemic innovation.
Authors
Michael Strauss, General Counsel, EBRD (straussm@ebrd.com)
Vesselina Haralampieva, Head of Sustainable Finance Governance and Regulation Unit, EBRD (haralamv@ebrd.com)
Prof. Marie-Claire Cordonier Segger, Chair in Sustainable Development Law and Policy, University of Cambridge, and Senior Director, Centre for International Sustainable Development Law (mccs2@cam.ac.uk)
Prof. Dr Markus Gehring, Faculty of Law, University of Cambridge (mwg24@cam.ac.uk)
Financial and advisory support for climate governance in Türkiye
Türkiye faces escalating climate risks, which it is proactively trying to address through institutional and regulatory reforms and ambitious climate policies. The European Bank for Reconstruction and Development plays a dual role in supporting Türkiye’s transition to a green economy, combining substantial green financing with strategic advisory services. This article provides an overview of the EBRD’s financing projects in Türkiye and highlights the Bank’s advisory and policy support, with a particular focus on corporate climate governance. The article takes a detailed look at a successful climate governance-related advisory engagement with a key company in the Turkish healthcare sector and concludes with a call for broader adoption of sustainability practices at both sector and entity level.
Authors
Chris Tassis, Counsel, EBRD (tassisc@ebrd.com)
Hüseyin Kertis, Associate Banker, EBRD (kertish@ebrd.com)
Empowering financial institutions: the EBRD's Climate Transition Programme
As the global financial sector confronts the challenges of climate change, transition plans have become a key strategic tool for aligning business activities with the goals of the Paris Agreement. This article examines the evolving voluntary frameworks and regulatory landscape, highlighting how financial institutions can use transition planning to manage climate risks, attract green investment and strengthen long-term resilience. Drawing on the EBRD’s Climate Transition Programme and insights from a recent survey of its partner banks, the authors explore the unique challenges in emerging markets and outline practical considerations for building a resilient, climate-aligned financial system.
Authors
Divya Chawla, Principal Counsel, EBRD (cjindald@ebrd.com)
Cynthia Page, Principal, Green Financial Systems, Climate Strategy and Delivery, EBRD (pagec@ebrd.com)