EBRD Environmental and Social Policy (ESP)
The Environmental and Social Policy is one of the Bank’s three good governance policies and a key document that guides the EBRD’s commitment to promoting “environmentally sound and sustainable development” in the full range of its investment and technical cooperation activities. It sets out the ways in which we implement this commitment in practice and on our projects.
The Policy and Performance Requirements were reviewed over a year and a half long period through extensive internal and external consultation, culminating with a 45-day public consultation period on the draft Policy and in-person consultation events in eight countries. The 2019 Environmental and Social Policy and related Performance Requirements were approved by the EBRD Board of Directors on 25 April 2019 and apply to projects initiated after 1 January 2020. The Policy will be reviewed in 2024.