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EBRD worked hard to support SDGs in 2017

The European Bank for Reconstruction and Development (EBRD) has been working hard to serve Sustainable Development Goals (SDGs) that were adopted by the United Nations in 2016.
 
They reflect a shared global vision of progress to transform societies and  economies for a safe, equitable and sustainable future. This is in line with the EBRD’s work to bring positive change to people's lives
 
EBRD backed the SDG 5 on achieving gender equality through supporting the creation of economic opportunities specifically targeting women, improving their access to finance and services, and enhancing the quality of, and opportunities within, employment, according the bank's Sustainability Report 2017.

The report highlighted the bank's project on gender gap in access to finance in Tajikistan as well as the bank's contribution to Kazakhstan’s Gender Action Plan.

EBRD's Strategy for the Promotion of Gender Equality commits to “mainstreaming” gender into the Bank’s operations by 2020.
 
The Bank also served SDG 6 on clean water and sanitation "when we upgrade water infrastructure in a country we help to provide large numbers of people with safe drinking water and sanitation," the report said.
 
"We have supported countless water and wastewater modernization projects across the economies where we invest," the report added, referring to EBRD's clean water projects in Tajikistan, Bosnia and Herzegovina, Ukraine and Kyrgyzstan.
 
The Bank also worked on serving  SDG 7 on accessing to affordable and clean energy.
 
"We offer Green Economy Financing Facilities (GEFFs) to finance much-needed energy efficiency upgrades in homes and businesses across our regions. This enables access to clean and low-cost energy and so drives development and economic growth," the report said.
 
The report referred to energy efficiency in Romanian homes, €300 million renewable energy framework for Greece, the largest wind farm in Serbia and Egypt’s largest solar portfolio.
 
The bank also served SDG 8 on sustained, inclusive and sustainable economic growth. "We blend our investments with technical assistance and policy dialogue to improve the business environment and attract private sector investors. Our strong support to micro, small and medium-sized enterprises supports job creation and opportunities for under-served sections of the population," the report said.
 
The report cited EBRD's contribution to small businesses in Bulgaria, 500 small business projects in Egypt and competitive business in Montenegro.
 
The Bank also worked on SDG 9 aiming to build resilient infrastructure with increased resource use efficiency, promote inclusive and sustainable industrialization and foster innovation.
 
"Many of our countries of operations have ageing, inefficient infrastructure and facilities. We support projects focused on climate adaptation to help them invest in measures and technologies to improve their resilience," the report said.
 
The report cited the Bank's contribution to a resilient road network in Bosnia and Herzegovina, innovative climate-friendly technology in Ukraine,  CLIMADAPT awards in Tajikistan and sustainable agriculture in Egypt.
 
As for SDG10 on reducing inequality, EBRD believes in building more inclusive economies where everyone reaps the benefits. "This is demonstrated in our Strategy for the Promotion of Gender Equality (2016-2020) and Economic Inclusion Strategy (2017-21)."
 
The report to the Bank's contribution to Tunisia’s economy boosted for all, promoting youth inclusion in Ukraine and EBRD’s Women in Business program.
 
As for SDG 11 on sustainable cities and communities, the EBRD has developed the Green Cities Program, representing over €700 million and 800,000 tons of CO2 mitigated annually and multiple local environmental benefits.
 
As SDG 12 on promoting sustainable consumption and production patterns, the Bank declared in 2015 its intention to devote 40 percent of its Annual Bank Investment (ABI) to green finance by 2020. "We achieved this milestone in 2017 — three years ahead of schedule. Nearly 70 per ent of our green portfolio is in energy efficiency, promoting more sustainable consumption and production."
 
The report referred to EBRD's contribution to Energy efficiency in Romania and  improved solid waste management in Tajikistan.
 
As for SDG 13 on combating climate change, more than €500 million in climate adaptation finance has been channeled into climate resilience upgrades of municipal infrastructure since 2011. We also finance climate resilience investments in the power, transport and agribusiness sectors.
 

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