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Environmental sustainability

EBRD Sets Sustainability Benchmark with First Assured ISSB Report

Strategic Insights

— 1 min read

The European Bank for Reconstruction and Development (EBRD) has taken a significant step in its sustainability journey by publishing its first sustainability disclosures in full compliance with International Sustainability Standards Board (ISSB) standards. This milestone makes EBRD the first multilateral development bank to achieve this feat and one of the first institutions worldwide to publish an assured ISSB report. The report sets a new benchmark for transparency on climate and sustainability risks and opportunities, reinforcing stakeholder confidence in the bank's reporting. By fully complying with ISSB standards ahead of schedule, EBRD demonstrates its commitment to sustainability and climate action.

Key Takeaways:

  • The EBRD is the first multilateral development bank to publish an assured ISSB report, following a limited assurance opinion on its sustainability data.
  • The report provides comprehensive disclosures on the bank's governance, strategy, risk management, and performance metrics, enhancing transparency on sustainability risks and opportunities.
  • The EBRD had pledged to adopt ISSB standards by the end of the 2025 financial year, but delivered ahead of schedule.
  • The new disclosures expand on the bank's previous climate reporting and integrate sustainability into all of its operations.
  • Every investment is screened for climate risk and the Bank's activities have been aligned with the Paris Agreement since 2023.
  • Green financing reached a record EUR9.7 billion in 2024, corresponding to 58% of the Bank's total investment volume.
  • The EBRD's commitment to sustainability is reflected in its pledge to fully comply with ISSB standards and to integrate sustainability into all its operations.

Statistics:

  • 58%: The percentage of the Bank's total investment volume accounted for by green financing in 2024.
  • EUR9.7 billion: The record amount of green financing reached by the EBRD in 2024.
  • 2023: The year in which the EBRD's activities were aligned with the Paris Agreement.
  • 2025: The year in which the EBRD had pledged to adopt ISSB standards.
  • 2024: The year in which the EBRD published its record amount of green financing.

Sources:

  • European Bank for Reconstruction and Development. (2023). Sustainability Reporting.
  • International Financial Reporting Standards (IFRS) Foundation. (2021). The ISSB.
  • European Bank for Reconstruction and Development. (2024). Press Release.

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