The EBRD is committed to promoting “environmentally sound and sustainable development” in the full range of its investment and technical cooperation activities. The Bank believes that environmental and social sustainability is a fundamental aspect of achieving outcomes consistent with its transition mandate and recognises that projects that foster environmental and social sustainability rank among the highest priorities of its activities.
The EBRD's latest Enviromental and Social Policy outlines how the Bank will address the environmental and social impacts of its projects by:
- Defining the respective roles and responsibilities of both EBRD and its clients in designing, implementing and operating projects;
- Setting a strategic goal to promote projects with high environmental and social benefits; and
- Mainstreaming environmental and social sustainability considerations into all its activities.
Along with the Bank's Access to Information Policy and Project Accountability Policy, the ESP defines the Bank’s commitment to the principles of environmentally sound and sustainable development and good corporate citizenship.
The Environmental and Social Policy is implemented by our dedicated Environment & Sustainability Department.