An unfunded facility with an overall limit of up to EUR 50 million for the purposes of the EBRD's participation in supply chain finance ("SCF") programmes administered by Santander Factoring Sp. z o.o. ("Santander"). The proceeds of the facility will be used to participate in the SCF programmes arranged by Santander for the benefit of aggregators ("Anchor Buyer(s)") and their suppliers that are located in the EBRD's countries of operations ("CoO(s)") (altogether, the "Facility"). The Facility will be established under the Supply Chain Solutions Framework ("Framework").
Sub-deals under the Facility will expand access to affordable and recurrent working capital finance solutions to suppliers, including SMEs, located in the EBRD's CoOs, hence contributing to improving the resilience of supply chains to which they form part. Santander and the EBRD will explore avenues to facilitating the alignment of Anchor Buyer(s) and their suppliers alike with best practice ESG standards that make their respective supply chains more sustainable and resilient.
Transition impact ("TI") from operations (i.e., Sub-deals) under the Framework will stem from the Competitive, Resilient, Well-governed and Inclusive qualities. TI, however, is not assessed at the Facility level.
Santander Factoring Sp. z o.o. is a subsidiary of Santander Bank Polska S.A. and is one of the largest factoring companies in Poland with EUR 1.6 billion in assets and EUR 38 million in equity as of 31 December 2021. The range of products and services offered by Santander includes recourse and non-recourse factoring, domestic and foreign reverse factoring, bill of exchange discounting and confirming.
EBRD Finance Summary
Total Project Cost
Additionality will be assessed at Sub-deal level.
Environmental and Social Summary
The Framework and facilities are not categorised but the sub-Projects (i.e., Sub-deals) will be Category FI (2019). Under the Framework, by sharing the risk of Anchor Buyers through funded and unfunded participations, the Bank will indirectly be exposed to any environmental and social risks associated with the Sub-deals. Santander is the Bank's existing client and has the institutional capacity and appropriate E&S management systems aligned with EBRD PR9 to apply to SCF programme.
Technical Cooperation and Grant Financing
Donor funds may be deployed on a case by case basis for sub-deals under the Facility, with the proceeds supporting, amongst others, the delivery of bespoke advisory and training activities under the EBRD's Advice for Small Business ("ASB") framework, rollout of sustainable supply chain finance programmes that deliver financial incentives to suppliers, including SMEs, which meet defined ESG-linked targets/criteria, provision of technical assistance to eligible Anchor Buyers to facilitate a "top-down" approach, with regard to embedding sustainability and resilience in supply chains running through the EBRD's CoOs.
PSD last updated
05 May 2022
Further information regarding the EBRD’s approach to measuring transition impact is available here.
For business opportunities or procurement, contact the client company.
For business opportunities with EBRD (not related to procurement) contact:
Tel: +44 20 7338 7168
Specific enquiries can be made using the EBRD Enquiries form.
Environmental and Social Policy (ESP)
The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”. The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social 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 additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from 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 activities of the Bank 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 Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.
OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to email@example.com. All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. 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 sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations following its entry into force on 1 January 2020. 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 (e.g. 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 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; how to submit a Request for review; or contact IPAM via email firstname.lastname@example.org to get guidance and more information on IPAM and how to submit a request.