Sustainable
Development
The EDB’s operations are conducted in line with the United Nations’ Sustainable Development Goals and ESG principles. Preventing environmental damage, reducing greenhouse gas emissions wherever possible, using natural resources responsibly and adopting the best available technologies are prerequisites for projects eligible for consideration by the EDB. Since 2017, the Bank has extended more than US $540 million in financing for renewable energy projects with a total installed capacity of 500 MW.
The EDB Sustainability Committee provides proper control over the execution of sustainability and climate-related strategic tasks of the Bank. The Committee helps implementing ESG aspects into all the Bank's business processes, bringing together top managers and heads of key divisions - from project activities and funding to risk and HR management. To achieve the goals set out in the EDB Strategy for 2022-2026, the Directorate of Sustainability runs and performs processes in this area.
Sustainability Development Goals
As outlined in its Strategy 2022-2026, the Bank’s goal is to promote concern for the environment, efficient use of resources and better living standards in the EAEU+ countries. As an international development bank, we are refining and expanding the availability of green finance instruments in Eurasia. In building our project portfolio, we are guided by the goals of sustainable development – each project is assessed for its carbon footprint and social impact.
