Communication for Sustainable Development

Showing posts with label EBRD. Show all posts
Showing posts with label EBRD. Show all posts

EBRD reveals possible agribusiness sustainable investment facility

The EBRD is considering launching a €50 million Agribusiness Sustainable Investment Facility to capture the commercial benefit of energy efficiency, environmental and social investments in the agribusiness sector. The Bank hopes to extend the positive experience it has gained in energy efficiency investing to a wider range of environmental and social issues, including small-scale renewable energy, health and safety improvements, implementation of sustainable farming and energy efficiency in the built environment. The Facility will enable client companies to implement investment programmes that reduce their input intensity and improve their environmental and social performance, leading to improved sustainability in the agribusiness sector. The Facility will be also supported by technical cooperation (TC) funding of approximately €1 million for technical, financial and legal due diligence. This technical cooperation has been sought to overcome current barriers to sustainable investments in the sector. The project will demonstrate the impact of efficient energy technologies and techniques in improving industrial productivity and competitiveness in the agribusiness sectors of the EBRD region. They will also demonstrate the commercial viability of investing in environmental and social sustainability. Rationalising companies’ input and emission intensity will contribute to emissions reduction in the sector. The Facility will generate sector-specific know-how in implementing sustainable investments. Once generated, this know-how could be replicated both locally and across borders. Approximately ten agribusiness enterprises legally incorporated in any of the Bank’s countries of operation are the target for this facility. Source; EBRD
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EBRD Launches Environmental Sustainability Bonds

Skyscraper - Headquarter of Deutsche Bank AG i...Image via Wikipedia
The European Bank for Reconstruction and Development and Deutsche Bank AG have launched environmental sustainability bonds to fund environmental projects in countries where EBRD operates.


The proceeds of the bonds will finance projects that promote development and clean energy technologies, as well as improve energy efficiency, water and waste management, environmental services, and public transport. Proceeds will help rehabilitate municipal water infrastructure, power and heating plants, and industrial installations.
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Turkey offered credit facility by Europe

Logo of the EBRDImage via Wikipedia
The European Bank for Reconstruction and Development (EBRD) has offered Turkey's banks a credit facility worth $527.3 million to help finance energy projects undertaken by the private sector, reports Reuters.

These projects are aimed to reduce Turkey's dependence on fossil fuels by financing medium scale sustainable energy projects.
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EBRD promotes energy efficiency in Poland

BERLIN - JULY 28:  Thomas Mirow (C), currently...Image by Getty Images via @daylife
The EBRD is promoting energy efficiency in Poland with a €50 million loan to Bank BGZ and €35 million loan to Bank Millennium for on-lending to local small and medium enerprises (SMEs) undertaking sustainable energy investments.

The loans are part of the EBRD’s €150 million Poland Sustainable Energy Financing Facility (PolSEFF).



Majority owned by Rabobank, Bank BGZ is a leading bank in Poland with national outreach, focusing on small and medium companies both in big cities as well as in rural regions.
Bank Millennium, majority owned by Banco Comercial Português, is a universal bank providing a full range of lending, transaction and savings products to retail and business customers. Millennium will strengthen its focus on increasing its business in the SME segment in Poland.

The EBRD financing will support the banks in extending sustainable energy financing to SMEs operating in the manufacturing, services, retail, agri-business and other sectors.

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