European Bank For Reconstruction And Development

European Bank For Reconstruction And Development's reported carbon emissions

In 2024, the European Bank for Reconstruction and Development (EBRD) reported total carbon emissions of approximately 37.7 million kg CO2e. This total comprises 314,000 kg CO2e from Scope 1 emissions, 1,003,000 kg CO2e from Scope 2 emissions (market-based), and 36,367,000 kg CO2e from Scope 3 emissions. The previous year, 2023, EBRD's total emissions were about 38.5 million kg CO2e, with Scope 1 at 262,000 kg CO2e, Scope 2 at 2,252,000 kg CO2e (market-based), and Scope 3 at 36,003,000 kg CO2e. EBRD has set ambitious reduction targets aligned with its net-zero ambitions, aiming for a 20% reduction in CO2 emissions across its businesses by the end of 2027 for both Scope 1 and Scope 2 emissions. These commitments reflect the bank's proactive approach to addressing climate change and reducing its carbon footprint. The emissions data is not cascaded from any parent organization, indicating that EBRD independently reports its carbon emissions and climate commitments. The bank's ongoing efforts and targets demonstrate its commitment to sustainability and environmental responsibility in the financial sector.