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Screened C/1 requiring an environmental, health, safety and labour audit of
the Company, and its operations and facilities. Environmental issues
associated with this type of projects might include waste management and
implementation of the EU regulations on recycling of packaging waste and
electronic equipment as well as on the product related requirements in the
future.
The environmental due diligence by independent international consultants is
underway and will address environmental, health and safety issues at key
production sites and include a gap analysis to assess current compliance with
pertinent international requirements and EU regulations (including the IPPC,
VOC and RoHS Directives among others). EBRD has also held preliminary meetings
with the financial, environmental and human resources management of the
Company and conducted site visits of selected facilities and has identified no
social and labour related issues or incompliance with the Russian Federation
environmental legislation to date.
An Environmental Action Plan will need to be developed as part of the
environment due diligence to address corrective measures needed within the
Sitronics Group. The EAP will need to be agreed between the Client and EBRD
prior to the Board Review of the project.
The environmental section of the PSD will be updated once the environmental
due diligence is complete.
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