In 2022, we continued to focus on the two great global crises – the climate emergency and the need to halt and reverse biodiversity loss.

Odile Renaud-Basso
EBRD President

To date, EBRD Green Cities has financed 80 green and sustainable infrastructure projects in more than 50 cities, totalling €2.3 billion.

In December 2022, the EBRD set out how it will determine whether an investment or technical cooperation project it might finance is “aligned” or “not aligned” with the mitigation and adaptation goals of the Paris Agreement. The EBRD sought feedback on all aspects of its methodology over the course of 2021 and 2022, including through two public consultations. It will continue to consult during implementation.

In 2022, the EBRD launched the GEFF Türkiye, which can provide up to €500 million to local participating financial institutions for on-lending to both women- and men-led Turkish businesses, homeowners, vendors and producers to invest in high-performing green technologies and investments.

An estimated

500,000 people

will be provided with clean drinking water through projects signed in 2022.

Oceans cover more than 70 per cent of the planet’s surface. They regulate the balance of the environment, provide food and energy, enable trade and links between countries and people.

The EBRD provides training to clients, consultants and its own staff on specific human rights challenges, risks and impact mitigation. Bespoke training was offered to clients in the SEMED region, Georgia and Türkiye in 2022.

In 2022, the EBRD continued to collaborate on health and safety issues with financial and other institutions. Coordination with other MDBs and engagement with unions focused on aligning approaches for greater road safety and worker health and safety.

This year the EBRD moved its London headquarters from Exchange Square in the City of London to Canary Wharf. More than 2,900 of its London-based staff have now relocated to Five Bank Street, occupying the top section of a 26-storey building.

With the climate emergency very much in focus, there has been growing global recognition of the importance of Green Bond markets as a means to finance environmental projects generally and climate transition investments, in particular.

Annex 6. Treasury Green and Sustainability Bonds (1.1 MB) provides a detailed breakdown on the outcomes of our investments.

The Bank reviews the policy every five years, with the last having taken place in 2019. The policy will undergo its next review starting in 2023, with an updated version to be published in 2024.

Opportunities to participate in consultations or provide input to the 2024 ESP review can be found in the 2024 ESP Stakeholder Engagement Plan.

Annex 6. Treasury Green and Sustainability Bonds (1.1 MB) provides a detailed breakdown on the outcomes of our investments.