Gianpiero Nacci Appointed EBRD Managing Director

The European Bank for Reconstruction and Development (EBRD) has appointed Gianpiero Nacci as its new Managing Director for Climate Strategy and Delivery (CSD), effective January 1, 2025. This is a significant appointment in a new chapter of EBRD's ongoing commitment to driving green finance, industrial decarbonisation, and impactful climate adaptation efforts across its regions of operation. The transition follows the departure of Harry Boyd-Carpenter, who has taken on the role of Managing Director of the Sustainable Infrastructure Group.

An Italian national with a career spanning over two decades, Nacci brings a wealth of experience in green finance and sustainability to the position. Since joining the EBRD in 2003, he has played an important role within the Bank's climate initiatives by holding positions ranging from Principal Engineer to Senior Engineer and Deputy Head of Energy Efficiency and Climate Change. Most recently, he led the Sustainable Business and Infrastructure team, which he transformed into a critical pillar supporting the green finance and policy ambitions of the Bank.

Nacci, a leading architect of EBRD climate strategies, has contributed to designing and implementing projects aimed at contributing to the overall goal of the Bank-to decarbonise and become climate resilient. As a newly appointed leader, he will guide strategic initiatives meant to scale up private sector green investments and accelerate effective climate solutions. Reflecting on his appointment, Nacci expressed his commitment to building on the EBRD’s legacy of sustainability, stating, “I am honoured to take on this new role and build on the EBRD’s long-standing commitment to tackling climate challenges and biodiversity loss across our regions. Together with our skilled teams, we will scale further the green financing and unlock much more private-sector investment for continuous driving change to a greener, more sustainable future.

The EBRD has always shown leadership in climate finance, and 2024 is a testament to its achievements. In the last year, the Bank's green finance reached €9.7 billion, which accounts for more than 50% of its total business volume. This milestone underscores its commitment to supporting sustainable projects and its prominent role among multilateral development banks in addressing climate challenges.

Under Nacci, the EBRD is set to increase its green financing focus, emphasizing private sector participation. The Bank seeks to mobilize investments that can accelerate decarbonization, energy transitions, and green urban development in the regions where it operates. All these are aimed at driving meaningful environmental change through innovative and impactful solutions.

In addition to scaling up investments, the EBRD will continue to commit itself to policy advocacy and frameworks that will allow long-term sustainability. It has positioned the Bank as a leader in supporting countries and businesses in their transition toward greener economies.

Nacci’s appointment comes at a time when the EBRD is witnessing significant progress in its sustainability initiatives. The Bank’s ability to integrate green financing into its core operations reflects its recognition of the urgent need for action in the face of climate challenges. From industrial decarbonisation to biodiversity conservation, the EBRD’s efforts have catalysed change across multiple sectors, providing a blueprint for how multilateral development banks can drive sustainability.

As Nacci assumes the reins of the Climate Strategy and Delivery department, strengthening partnerships, innovation in green finance, and the capacity to mobilize private sector investments are likely to be on the Bank's agenda. His extensive experience and vision for the future position him to build on the EBRD's achievements and steer its climate agenda toward greater impact and effectiveness.

This aligns well with the broader mission of promoting economic resilience and inclusive growth in the regions, which the Bank has been pushing for. Through its green initiatives, the EBRD contributes not only to environmental goals but also increases the competitiveness and sustainability of businesses and economies. Nacci is expected to elevate these efforts even further so that the Bank stays at the top of global climate finance.

The appointment of Nacci reflects the EBRD’s strategic emphasis on leadership that prioritises sustainability. His expertise in energy efficiency, climate change mitigation, and infrastructure development positions him to address the multifaceted challenges of climate adaptation and resilience. With his guidance, the Bank is poised to deliver on its commitment to achieving a greener, more sustainable future while continuing to mobilise resources and partnerships that amplify its impact.

As the EBRD embarks on this new chapter, its focus remains firmly on advancing solutions that address the urgent demands of climate change. Nacci’s appointment as Managing Director for Climate Strategy and Delivery signals a renewed commitment to innovation, collaboration, and the pursuit of impactful climate strategies that benefit businesses, communities, and the environment.