BNP Paribas Poland - Green Residential SNP

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Overview

Provision of a Green Bilateral Senior Non-Preferred ("SNP") Loan of PLN 450 million (EUR 100 million equivalent) to BNP Paribas Polska ("BNPP PL") for on-lending to individual homeowners to finance residential energy efficiency projects.

Project ID 51125

Status Disbursing

Location

Poland

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

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

Company Contact Information

Mr Jaroslaw Rot
jaroslaw.rot@bnpparibas.pl
+48 22 778 46 45
BNP Paribas Bank Polska S.A. Kasprzaka St' 2, 01-211 Warsaw, Poland

Project ID 51125

Status Disbursing

Location

Poland

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

21 Jul 2021

Disclosure date

16 Jun 2021

BNP Paribas Poland - Green Residential SNP (Polish) (PDF, 0.34MB)

Project description

Project objectives

The project will promote investments in energy efficiency measures in residential buildings through one of the leading banks in Poland, contributing to energy savings and CO2 emission reductions. This will also contribute to addressing the vital issue of air pollution in the country, whereby Poland exhibits one of the highest air pollutions in Europe due to the reliance on coal.

Transition impact

ETI Score:66

expected transition impact stems from the green and resilient transition qualities:

Green: The project will promote the Green transition in Poland and will support the EBRD's GET approach in the country through facilitating energy efficiency investments in the residential sector. The GET contribution would be enhanced by BNPP PL allocating 150% of EBRD's loan proceeds to GET-eligible projects.
Resilient: The loan will support BNPP PL, a systemically important institution in the country, in building resilience by contributing to the gradual build-up of its loss absorption capacity in the form of SNP, an eligible bail-in-able instrument, the first of its kind in Poland, thereby also introducing a new class of financial instrument in the country.

Client information

BNP PARIBAS BANK POLSKA SA

BNP Paribas Polska S.A.

BNPP PL is the sixth largest bank in Poland with a market share by total assets of 5% as of end 2020. BNPP PL is 87.44% owned by BNPP Group, with the remaining 12.56% free floating on Warsaw Stock Exchange.

EBRD Finance Summary

PLN 450,000,000.00

PLN 450,000,000 (EUR 100 million equivalent)

Total project cost

PLN 450,000,000.00

PLN 450,000,000 (EUR 100 million equivalent)

Additionality

The project demonstrates strong additionality by (i) providing dedicated financing to an underserved segment of the market through a new financial instrument in Poland; (ii) providing expertise, knowledge and capabilities through dedicated TC package, (iii) helping BNPP PL achieve higher standards through the green technology selector, compatible with the ambitious governmental Clean Air Priority Programme ("CAPP").

Environmental & Social Summary

Categorised FI (2019 ESP). The Environmental and Social (E&S) Due Diligence was done in-house and included a review of the 2019 and 2020 AESRs associated to the previous transaction, and review of E&S documentation. BNPP PL is satisfactorily implementing the EBRD E&S Requirements under existing exposure. BNPP PL has identified nine sectors with higher E&S risks and has introduced CSR sectoral policies accordingly (available on their website). BNPP PL has confirmed compliance with the EBRD E&S Exclusion List. The bank discloses CSR and Sustainability Reports on yearly basis.

Under the new transaction, the proceeds of the Bank's investment will be used for on-lending to residential energy efficiency projects, which is considered as low risk.

BNPP PL will be required to continue to comply with the EBRD's Performance Requirements 2, 4 and 9, implement the EBRD's E&S Risk Management Procedures for Micro, SME and Corporate loans, and submit annual environmental and social reports to EBRD.

Technical Cooperation and Grant Financing

The Loan will be supported by the Technical Cooperation ("TC") package, fully funded by the Company, provided by a Project Consultant ("PC"). The PC role will be to maintain the advisory infrastructure to ensure distribution of dedicated financing to eligible sub-projects, accompanied by impact measurement and reporting, ultimately facilitating the demand for sustainable energy technologies and increasing potential outreach.

Company Contact Information

Mr Jaroslaw Rot
jaroslaw.rot@bnpparibas.pl
+48 22 778 46 45
BNP Paribas Bank Polska S.A. Kasprzaka St' 2, 01-211 Warsaw, Poland

PSD last updated

17 Jun 2021

Understanding transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with the EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and its associated Environmental and Social Requirements (ESRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the ESRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation, and to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about the environmental and social (E&S) performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD also requires its clients to disclose information, as appropriate, about the risks and impacts of projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all of the Bank's activities in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The EBRD believes that identifying and resolving issues in the project assessment and approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts andhelps to monitor integrity risks in projects post-investment.

OCCO is further responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, either within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to compliance@ebrd.com. OCCO will follow-up all matters reported. It will review all matters reported. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP, which entered into force on 1 January 2025, sets out how the EBRD discloses information and consults with its stakeholders to promote better awareness and understanding of its strategies, policies and operations. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (for example, through the client’s project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the mechanism is: to support dialogue between project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or the project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate and how to submit a Request for review. Alternatively, contact IPAM by email at ipam@ebrd.com for guidance and more information on IPAM and how to submit a request.

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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BNP Paribas Poland - Green Residential SNP

Overview

Project timeline

Company Contact Information

Project description

Project objectives

Transition impact

Client information

EBRD Finance Summary

Total project cost

Additionality

Environmental & Social Summary

Technical Cooperation and Grant Financing

Company Contact Information

PSD last updated

Understanding transition

Business opportunities

General enquiries

Environmental and Social Policy (ESP)

Integrity and compliance

Access to Information Policy (AIP)

Independent Project Accountability Mechanism (IPAM)