Why and how the European Bank for Reconstruction and Development must improve its biodiversity standards
Briefing | 24 June 2024
As an international financial institution mandated to support the development of market economies and sustainable development, the most important contribution the European Bank for Reconstruction and Development (EBRD) can make to biodiversity preservation is to ensure that it does not finance nature-damaging projects.
Its Environmental and Social Policy (ESP) is the main means to achieve this. It consists of a set of EBRD commitments, followed by ten performance requirements that the Bank’s clients must meet. It also contains an exclusion list, with project types that the Bank will not finance.
The Policy is now undergoing revision and it needs not only to maintain the EBRD’s practices with regard to biodiversity, but also to significantly improve them.
Theme: biodiversity, EBRD
Tags: Development banks | biodiversity
Never miss an update
We expose the risks of international public finance and bring critical updates from the ground. We believe that the billions of public money should work for people and the environment.
STAY INFORMED
