The European Bank for Reconstruction and Development

The European Bank for Reconstruction and Development (EBRD) is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 38 economies across three continents. The Bank is owned by 69 countries as well as the European Union (EU) and the European Investment Bank (EIB). EBRD investments are aimed at making the economies in its regions competitive, inclusive, well-governed, green, resilient and integrated.

The EBRD was established in 1991 to help build a new, post-Cold War era in Central and Eastern Europe. It has since played a historic role and gained unique expertise in fostering change in the region - and beyond - investing more than €149 billion in a total of over 6,000 projects.

Safeguarding the environment and a commitment to sustainable energy have always been central to the EBRD’s activity. A commitment to promote ‘environmentally sound and sustainable development’ was made explicit at its founding.

More recently, the Bank’s ‘Green Economy Transition’ approach has made climate finance a key measure of its performance. The EBRD is now committed to ensuring that, by 2025, the majority of its business volume is green.