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EBRD screens all potential investments for environmental and social impacts and governance risks. We carry out due diligence approriate to the identified risks and potential impacts, and we work with clients to develop approaches to manage and mitigate them in line with our Environmental and Social Policy and Performance Requirements and Governance related policies. Our main thematic strategy is our Green Economy Transition approach. EBRD actively screens in and promotes investments in projects that materialise climate mitigation, adaptation or environmental benefits and opportunities.
Environmental and social specialists are assigned to each project team and ESG issues are discussed in investment papers
EBRD excludes investments in certain environmental or socially damaging activities and some specific sectors (e.g. tobacco). We actively promote investments in climate and environmental beneficial projects and have programmes to promote gender and economic inclusion in our investments. All projects are assessed against our environmental and social Performance Requirements and we work with client to ensure that projects are structured to meet relevant EU standards and international good practice for ESG
All potential investments are screened by ESG specialists and investments on the exclusions lists do not go forward for investment.
Requirements are defined in financing agreements and monitored through client reporting, plus audits and site visits where needed
We also require Second party opinions and corporate sustainability commitment/strategy
EBRD will engage with the issuer to ask questions and clarifications, and may seek to divest/sell the bonds on a secondary market
Where possible project impact are assessed prior to investment through site visits, audits or other information provided by the issuers, and monitored through issuer.
EBRD’s environmental, social team has around 45 staff and is responsible for assessing and monitoring all investments against the requirements of the Bank's Environmental and Social Policy. The nature of the assessment depends on the risk and impacts associated with the proposed investment. This can range from questionnaire to site visits to detailed Environmental and Social Impact Assessments. Environmental and social requirements are included in financing agreements. The results of the environmental and social appraisals are summarised for the decision making body and are disclosed on EBRD's website. EBRD's Chief Compliance Officer coordinates the implementation of anti-bribery and corruption measures and governance-related aspects. It has 14 people working on project integrity issues.Significant ESG risks and management costs are integrated into financial analysis of investments. The EBRD carries out economic assessment with shadow carbon pricing of projects with high GHG emissions.
EBRD’s environmental, social team has around 45 staff and is responsible for assessing and monitoring all investments against the requirements of the Bank's Environmental and Social Policy. The nature of the assessment depends on the risk and impacts associated with the proposed investment. This can range from questionnaire to site visits to detailed Environmental and Social Impact Assessments. Environmental and social requirements are included in financing agreements. The results of the environmental and social appraisals are summarised for the decision making body and are disclosed on EBRD's website. EBRD's Chief Compliance Officer coordinates the implementation of anti-bribery and corruption measures and governance-related aspects. It has 14 people working on project integrity issues. Significant ESG risks and management costs are integrated into financial analysis of investments. The EBRD carries out economic assessment with shadow carbon pricing of projects with high GHG emissions.
EBRD’s environmental, social team has around 45 staff and is responsible for assessing and monitoring all investments against the requirements of the Bank's Environmental and Social Policy. The nature of the assessment depends on the risk and impacts associated with the proposed investment. This can range from questionnaire to site visits to detailed Environmental and Social Impact Assessments. Environmental and social requirements are included in financing agreements. The results of the environmental and social appraisals are summarised for the decision making body and are disclosed on EBRD's website. EBRD's Chief Compliance Officer coordinates the implementation of anti-bribery and corruption measures and governance-related aspects. It has 14 people working on project integrity issues.