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The EBRD promotes environmentally sound and sustainable development in all its activities. How the Bank should manage the impact of its operations on both people and the environment is mandated in the 2008 Environmental and Social Policy and Performance Requirements.
The policy details the environmental and social standards applicable to each project and describes the mechanisms used to appraise, monitor and report on a project's environmental and social performance. It is reviewed every five years to reflect changes in international standards and practice. The Environmental and Social Policy and Performance Requirements were approved on 12 May 2008 and will apply to new projects that are appraised after 12 November 2008. The 2003 Environmental Policy will apply to projects that were appraised prior to that date.
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