The European Bank for Reconstruction and Development (EBRD) officially announced it will follow the recommendations of the Financial Stability Board (FSB) on climate-related financial disclosure. The FSB's Task Force on Climate-related Financial Disclosures issued its recommendations in mid-2017. These included advice to financial institutions to publicly disclose information on how climate-related risks and opportunities are identified and managed within the institution's operations. The EBRD is the first multilateral development bank to commit to implementing this recommendation.

Find the original press release here.