EBRD third TCFD report on climate risk assessment released
The EBRD has published its third annual report based on the voluntary reporting framework of the Task Force on Climate-Related Financial Disclosures (TCFD).
The Bank recognises that integrating climate considerations into its investment decisions, along with transparent reporting of climate-related risk, is crucial to its commitment to support the transition to a low-carbon world and adapting to the impacts of climate change in the economies where it operates.
Outlined within the document are the Bank’s ambitions in relation to climate policy, its climate-related risk processes and the enhancements and developments in 2021 for identifying, assessing and managing climate-related risks.
It includes details of assessment methodologies for both carbon-transition and physical climate risk and lists EBRD’s performance against climate risk indicators and metrics. It shows EBRD’s exposure to high emitting sectors while highlighting that the EBRD finance flows are directed to support transition to low carbon pathways.
Read the document here.