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European Bank for Reconstruction and Development (EBRD)

PRI reporting framework 2020

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

New selection options have been added to this indicator. Please review your prefilled responses carefully.

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

01.3. Indicate if the investment policy covers any of the following

01.4. Describe your organisation’s investment principles and overall investment strategy, interpretation of fiduciary (or equivalent) duties,and how they consider ESG factors and real economy impact.

EBRD's mandate and goal is to advance the transition to open, market economies in the countries where it operates, whilst fostering sustainable and inclusive growth. The commitment to promote environmentally sound and sustainable development is set out in the Bank's founding agreement, which is translated into investment criteria, requirements and standards through Environmental and Social Policy and Environmental and Social Procedures. EBRD also requires high standards of integrity and governance of its investments and clients. EBRD has identified six qualities of a modern open market economy - green, inclusive, competitive, well governed, integrated and resilient - and all EBRD investments must contribute to promoting these qualities. EBRD has put a particular emphasis on financing climate action and the green economy transition, and set a target that 40% of all investments will support the green economy transition by 2020.

01.5. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

EBRD's approach to is underpinned by its Environmental and Social Policy and associated Performance Requirements, which set out the environment, social, labour and safety standards that EBRD investments are required to meet. EBRD carries out environmental and social due diligence for all investments against these requirements. Environmental and Social Procedures describe the way in which the E&S is integrated in the investment process. Similarly, Governance factors are embedded into several EBRD policies and procedures, including:- The Enforcement Policy and Procedures; Corporate Governance Review Toolkit; Domiciliation Policy; Fraud and corruption - definitions and guidelines; and Integrity Risks Policy.

01.6. Additional information [Optional].

          
        

SG 01 CC. Climate risk (Private)


SG 02. Publicly available RI policy or guidance documents

 

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

URL/Attachment

02.2. Indicate if any of your investment policy components are publicly available. Provide URL and an attachment of the document.

02.3. Additional information [Optional].

EBRD's Environmental and Social Procedures: https://www.ebrd.com/what-we-do/strategies-and-policies/environmental-procedures.pdf

GET approach: https://www.ebrd.com/what-we-do/strategies-and-policies/green-economy.pdf and https://www.ebrd.com/what-we-do/get/business-model.html

and http://webcenter.ebrd.com/man/documents/comms-and-bis/methodology-for-the-economic-assessment-of-ebrd-projects-with-high-greenhouse-gasemissions.pdf

Integrity Risk Policy: https://www.ebrd.com/cs/Satellite?c=Content&cid=1395253716947&pagename=EBRD%2FContent%2FDownloadDocument

Fraud and corruption - definitions and guidelines: http://www.ebrd.com/who-we-are/our-values/definitions-and-guidelines.pdf

Enforcement policy and procedures: https://www.ebrd.com/cs/Satellite?c=Content&cid=1395242259920&pagename=EBRD%2FContent%2FDownloadDocument

Domiciliation of EBRD clients: https://www.ebrd.com/cs/Satellite?c=Content&cid=1395279678425&pagename=EBRD%2FContent%2FDownloadDocument


SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

The reputation and the future of the EBRD depend on the Bank's integrity. We are committed to promoting integrity, good corporate governance and high ethical standards in all business operations.
The EBRD's Office of the Chief Compliance Officer promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. In particular, we deal with conflicts of interest, corruption, confidentiality and money laundering.

Financial integrity and due diligence are integrated into the Bank's normal approval of new business and the monitoring of its existing transactions, and we train and advise Bank staff members who are appointed as directors to the Boards of companies in which the Bank holds an equity interest.

For more information, follow: https://www.ebrd.com/integrity-and-compliance.html;

Integrity Risk Policy: https://www.ebrd.com/cs/Satellite?c=Content&cid=1395253716947&pagename=EBRD%2FContent%2FDownloadDocument;

https://www.ebrd.com/code-of-conduct-personnel.pdf; https://www.ebrd.com/code-of-conduct-board.pdf;

03.3. Additional information. [Optional]


SG 04. Identifying incidents occurring within portfolios (Private)


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