Trade - environmental issues

Environmentally sensitive transactions

The following products and substances and/or applicants/end-users involved in following activities may be considered for Trade Facilitation Programme transactions, however the issuing bank must prepare an Environmental Due Diligence summary, which should be sent to the EBRD for approval.

• Construction or major extension of large dams and reservoirs

• Hazardous waste storage, treatment or disposal

• Energy generation using nuclear fuels (excluding electricity import/export)

• Steel production using open hearth furnaces

• Aluminum production using Søderberg electrolysis

• Activities within, adjacent to, or upstream of land occupied by indigenous peoples and/or vulnerable groups, such as lands used for subsistence activities such as livestock grazing or hunting

• Activities within, adjacent to, or upstream of designated protected areas under national law or international conventions, sites of scientific interest, habitats of rare/endangered species, and primary/old growth forests of ecological significance

• Activities which may affect adversely sites of cultural or archaeological significance.

The following products and subsidies and/or applicants/end-users involved in the following activities are eligible for TFP transactions. However, if the amount of the transaction is over US$ 1 million and the tenor is over one year, the issuing bank must complete an Environmental Due Diligence Summary and send it to the EBRD for approval.

• Mining, on-site extraction and processing of metal ores or coal

• Oil and gas development

• Crude oil refineries and petrochemical facilities

• Thermal, gas turbine and diesel driven power station

• Large-scale commercial logging

• Pulp and paper manufacturing

• Installations for the production of non-ferrous metals

• Integrated iron and steel mills

• Integrated chemical installations (e.g. fertiliser production, soda ash, chlor alkali electrolysis)

• Large-scale cement and lime processing plants

• Large-scale intensive agriculture

• Construction of motorways, express roads and lines for long-distance railway traffic and of airports.