European Bank For Reconstruction And Development
The European Bank for Reconstruction and Development (EBRD), headquartered in London, GB, plays a pivotal role in fostering economic development across Europe, Central Asia, and the Southern and Eastern Mediterranean. Established in 1991, the EBRD was created to support the transition of former communist countries to market economies, and it has since evolved to address contemporary challenges such as climate change and sustainable development. Operating within the financial services industry, the EBRD focuses on investment, policy advice, and technical assistance, primarily in the private sector. Its unique approach combines financial support with a commitment to promoting sustainable practices, making it a leader in the development banking sector. With over €150 billion invested in various projects, the EBRD has established a strong market position, recognised for its contributions to economic resilience and growth in emerging markets.
DitchCarbon Score
How does European Bank For Reconstruction And Development's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
European Bank For Reconstruction And Development's score of 39 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
European Bank For Reconstruction And Development's reported carbon emissions
In 2023, the European Bank for Reconstruction and Development (EBRD) reported total carbon emissions of approximately 80,000,000 kg CO2e, with emissions distributed across various scopes: 262,000 kg CO2e for Scope 1, 3,526,000 kg CO2e for Scope 2 (location-based), and 34,843,000 kg CO2e for Scope 3. This data indicates a significant engagement in tracking and reporting emissions, although specific reduction targets or initiatives have not been disclosed. In 2022, EBRD's total emissions were about 30,000,000 kg CO2e, with Scope 1 emissions at 810,000 kg CO2e, Scope 2 at 3,721,000 kg CO2e, and Scope 3 at 50,638,000 kg CO2e. The trend shows a focus on understanding their carbon footprint, particularly in Scope 3 emissions, which are often the most challenging to manage. The bank has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The emissions per employee have varied, with figures of 2,400 kg CO2e in 2022 and 8,220 kg CO2e in 2023 for Scope 3, reflecting the need for ongoing efforts to improve sustainability practices. Overall, while EBRD has made strides in emissions reporting, the absence of defined reduction targets suggests an opportunity for enhanced climate action and commitment to sustainability in the coming years.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,694,000 | 000,000 | 000,000 |
| Scope 2 | 3,479,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 7,610,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
European Bank For Reconstruction And Development is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
