A new Director for Sustainable Development is appointed at the EDB
Moscow, 3 November 2022. Сonrad Albrecht, a global leading expert in sustainability, has joined the Eurasian Development Bank (EDB) as Managing Director of the Directorate of Sustainability.
In pursuance of the EDB 2022–2026 Strategy, Mr. Albrecht will work on implementing ESG values and instruments across all the Bank’s processes and on promoting the Bank as a sustainable finance leader in the EAEU+ region and a driver of transition to a low-carbon economy”.
“We aim to increase the share of projects with sound sustainability impact in the Bank’s investment portfolio and maximize the total share of ESG-flavored and innovative debt instruments. The Directorate of Sustainability will focus on improving the Bank’s methodological frameworks and ESG policies proceeding from the best practices of multilateral development banks and EDB’s unique competencies and experience. Our Directorate will also develop partnerships with international and national organisations on mutual topics of interest, increase transparency of the Bank’s ESG profile and implement sustainability vision in the Bank’s operations and corporate culture.
The EDB also plans to become a center of excellence in applied ESG research, climate and sustainable financing, promote dialogue with key stakeholders and market participants and contribute to the development, implementation and improvement of sustainable finance and ESG standards throughout the EAEU+ region,” Сonrad Albrecht said.
Prior to joining the EDB, Mr Albrecht was Head of Index and ESG Business Development and Strategy at MSCI for Latin America, where he successfully transformed the firm’s business processes, positioning it as the region’s premier and leading provider of index, ESG data and research solutions for institutional investors.
Earlier in his career, Mr Albrecht worked in asset management at Itaú Unibanco, Latin America’s largest private bank, where he fostered the growth of global client assets, with a focus on Brazilian and LatAm multi-assets, and held several positions at the bank across risk management, investment services and private banking.
Mr Albrecht obtained an MBA in capital markets from the Federal University of Rio Grande do Sul and a BA degree from the Pontifical Catholic University of Rio Grande do Sul. He holds the CFA Certificate in ESG Investing as well as a CFP Certificate in Brazil.
Additional Information:
The Eurasian Development Bank (EDB) is an international financial institution promoting integration and development in its member countries. For more than 16 years, the Bank has worked to strengthen and expand economic ties and foster comprehensive development in its member countries – Armenia, Belarus, Kazakhstan, the Kyrgyz Republic, Russia and Tajikistan. The EDB's charter capital totals US $7 billion. Its portfolio consists principally of projects with an integration effect in transport infrastructure, digital systems, green energy, agriculture, manufacturing, and mechanical engineering. The Bank’s operations are guided by the UN Sustainable Development Goals and ESG principles.
The EDB Media Centre:
Aigerim Akhanova, +77013283898 (Almaty)