Financial Institutions Programme: building advanced E&S risk management capacity for large project financing

Overview
Project Summary Document

TCRS 23617

Status TC Com approved

Location

Regional

Industry Sector

Financial Institutions

Notice Type

State

PSD Disclosed

23 Apr 2026

Project Description

This Technical Cooperation (TC) project will support selected Partner Financial Institutions (PFIs) in the region so they can meet the European Bank for Reconstruction and Development (EBRD) Environmental and Social Policy (ESP) 2024 requirements when issuing green bonds and financing larger projects, including where Category A subprojects are possible or probable. It will do this by helping PFIs put in place strong Environmental and Social Management Systems (ESMS) that align with EBRD Environmental and Social Requirements (ESRs) 1–8 and 10.

Enquiries

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

TCRS 23617

Status TC Com approved

Location

Regional

Industry Sector

Financial Institutions

Notice Type

State

PSD Disclosed

23 Apr 2026

Project Description

The upgraded ESMS will allow the EBRD to finance green bonds and related lending products in line with: ESP 2024; ESRs 1 10; the International Capital Market Association (ICMA) Green Bond Principles; and the EU Taxonomy Do No Significant Harm (DNSH) criteria.

In addition to enabling transactions that may include Category A subprojects, these ESMS upgrades will make due diligence, monitoring, and reporting more consistent and efficient for larger project financing. This should strengthen PFIs ability to compete in sustainable finance markets, attract more private capital, and support the green transition in the PFIs countries of operation (subject to final PFI selection).

The proposal is based on an assessment of common gaps in PFIs environmental and social risk management. Without this TC, EBRDs green bond pipeline may continue to exclude issuances where proceeds could fund larger renewable energy and green infrastructure projects that require more advanced environmental and social risk management. With targeted support, more PFIs should be able to meet the required ESMS standard, which would expand the pipeline.

Procurement Enquiries

Any competitive selections for business opportunities relating to this project will be published on the EBRD's website: Consultancy Procurement Opportunities.

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Access to Information Policy (AIP)

The AIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2025. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the Information Request form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy 2024 or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism page to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM via email ipam@ebrd.com to get guidance and more information on IPAM and how to submit a request.

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Financial Institutions Programme: building advanced E&S risk management capacity for large project financing

Project Description

Enquiries

Business opportunities

General enquiries

Project Description

Procurement Enquiries

General enquiries

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)

Search

Financial Institutions Programme: building advanced E&S risk management capacity for large project financing​

Project Description

Enquiries

Business opportunities

General enquiries

Project Description

Procurement Enquiries

General enquiries

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)

Financial Institutions Programme: building advanced E&S risk management capacity for large project financing