Sustainability Principles
The EDB's mandate includes the goal of promoting the economic integration and sustainable growth of its member states. The Bank acknowledges the interdependency of sustainable development, long-term economic growth and human prosperity. The Bank aims, therefore, to increase the sustainability of the financed projects, promotes the implementation of national sustainable development priorities, and helps clients implement best ESG practices.
The Bank adheres to six interlinked sustainability principles:
Managing ESG risks as an integral part of operations
Financing meaningful impact in sustainable development
Supporting member states and clients on their sustainable development journey
Managing our own impact on sustainable development
Accountability to stakeholders
Chairman of the Management Board
Nikolai Podguzov
As outlined in its Strategy 2022-2026, the Bank's priority activities include promoting concern for the environment and efficient use of resources, improving the quality of life, and facilitating green economy in Eurasia. As an international development bank, we are refining and expanding the availability of green finance instruments. In building our project portfolio, we are guided by the goals of sustainable development – each project is assessed for its environmental, social and climate risks and opportunities.
Strategy for 2022–2026Sustainable Development Goals
The EDB plays a significant role in increasing the positive impact on the environment and society in its member states. The UN Sustainable Development Goals (SDGs) are embedded across the Bank's mission, namely, its participation in the enhanced economic growth of its member states. Reducing greenhouse gas emissions, using natural resources responsibly and efficiently, increasing availability of clean water and energy, creating resilient infrastructure and social facilities, and boosting jobs with decent working conditions – these are the benefits of the projects the EDB seeks to support and prioritise.
According to the EDB Strategy for 2022–2026, the Bank supports its member states in their journey towards achieving the SDGs through close partnership with public authorities, other development banks, and private businesses, providing technical assistance and expertise, and co-financing programmes, technologies, and projects.
When forming a pool of promising projects, the EDB conducts a standalone assessment of their compliance with the SDGs covering not only the direct results of project implementation but also indirect impact on the economy, environment and society. Contribution to the relevant SDGs is determined by specific indicators included in the country strategies of each member state.
Sustainability Committee
EDB's Sustainability Committee has been functioning since 2023. The Committee serves as a forum for discussion of the Bank's strategic objectives related to sustainable development and exercises effective stewardship and oversight at the highest governance level. The Committee enables faster decision-making related to the Bank's sustainable development activities, as well as helps coordinate joint work, consider cross-functional tasks, and collectively discuss the Bank's key areas. The Committee consists of the EDB's Board members, heads of divisions and invited specialists.
The Sustainability Committee considers the Bank's strategic issues and targets in the area of sustainable development, participates in assessing the EDB's contribution to the achievement of the SDGs by its member states, makes recommendations on sustainable finance projects and initiatives, reviews sustainability reports, and evaluates the Bank's participation in sustainability activities of international associations and unions.Regulations on the Sustainability Committee PDF, 236.54 KB
ESG Ratings
ESG ratings are a research assessment that helps investors obtain a reliable and independent profile of an organisation in terms of its exposure to environmental, social and governance risks and opportunities. Furthermore, ESG ratings are an important self-assessment tool for the EDB: they enable the identification of growth areas and systematic improvement of sustainable development processes and approaches.
Awards
ADFIAP Sustainable Awards 2023 "Trade Development"
ADFIAP DEVELOPMENT AWARDS ADFIAP Sustainable Awards 2023 "Best Website"
Environmental Finance's 2021 IMPACT Awards
ADFIAP Investment Awards 2024 ESG Research
DEVELOPMENT AWARDS ADFIAP Sustainable Awards 2024 "Trade Development"
2024 Annual Report Competition "Best Sustainability Report 2024 in the Financial Sector"
DEVELOPMENT AWARDS Infrastructure Development Award - for a series of analytical reports on the water and energy complex of Central Asia