European development bank to share climate-related financial exposures | Public Finance

The European Bank of Reconstruction and Development will share its climate-related financial information in its investments for the first time this year.

As part of its commitment to promote financial stability in the face of uncertainty caused by climate change, the bank said it would from 2018 share both the risks and opportunities of its climate-related financial exposures.

This includes sharing how much of the bank’s work is in clean, renewable energy, such as wind or solar power, as well as how much is invested in assets that may be affected by the impacts of climate change, such as hydropower plants or ports.

The EBRD commitment was made in the Bank’s Sustainability Report, launched at the Bank’s Annual Meeting in Jordan last week.

Source: European development bank to share climate-related financial exposures | Public Finance

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