Green Economy Financing Facility in Poland

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 48529

Status Approved

Location

Poland

Business Sector

Notice Type

Private

Sub-projects

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 48529

Status Approved

Location

Poland

Business Sector

Notice Type

Private

Environmental Category

Approval Date

20 Sep 2017

Disclosure date

22 Mar 2017

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Sub-projects signed under this framework

Translated version of this PSD: Polish

Project Description

The establishment of a Green Economy Financing Facility in Poland for Leasing with a total volume of EUR 350 million. Senior loans in EUR or PLN under the facility will be allocated over the course of the next three years to Participating Financial Institutions (PFI) in Poland for the provision of financing to Polish private businesses for high performance technologies and services supporting a green economy (GET investments).

The proposed Framework will be the first intermediated EBRD green economy financing framework in Poland.

Project Objectives

The facility is aimed at tackling the high energy and water consumption in the Polish private sector and expected to contribute to the following objectives: (i) improving the energy and resource efficiency of the Polish private sector; (ii) promoting high performance standards for technologies and services through intermediated financial instruments to support transition to green economy (GET technologies); (iii) demonstrating commercial viability of energy and resource efficiency investments to both private businesses and the financial sector.

Transition Impact

The main sources of transition impact will stem from the demonstration of commercial viability of resource and energy efficiency investments to private businesses and the financial sector, which is expected to contribute to the market expansion and transfer of skills in Poland.

EBRD Finance Summary

EUR 350,000,000.00

Total Project Cost

EUR 350,000,000.00

Environmental and Social Summary

Categorised FI. Under the Facility, all Participating Financial Institutions (PFIs), commercial banks and leasing companies will be required to comply with EBRD's Performance Requirements 2, 4 & 9; adopt appropriate E&S Risk Management Procedures relevant to their lending activities.

Technical Cooperation

None.

Transition impact

ETI Score:60

PSD last updated

21 Jan 2019

Business opportunities

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Public Information Policy (PIP)

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Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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