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Case study

The EBRD’s Measuring, Reporting and Verification (MRV) approach allows for transparency and accountability

To assess the impact of its investments in sustainable energy and resources, the EBRD developed a specific Measuring, Reporting and Verification (MRV) approach that ensures accountability of its climate investment throughout a project cycle. It also launched the Sustainable Resource Initiate (SRI) in 2013, an umbrella initiative that broadens the scope of the…
Key points
  • MRV should be integrated into the rest of the financing operations, and not be an isolated activity.
  • Having an IT system that supports the MRV activities and integrates it into the rest of the banking system is essential.
  • Setting specific targets or objectives for climate investment is an important driver of getting the relevant MRV data. (The EBRD became the first MDB to set itself a carbon emissions target in 2009.)