Project Zabka Sustainable Loan



Project number:


Business sector:


Notice type:


Approval date:

09 Jun 2022



PSD disclosed:

06 May 2022

As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information.

Project Description

The Bank is considering a EUR 75m (in PLN equivalent) sustainability-linked loan to Zabka Polska sp. z o.o. (the "Company", "Borrower") - a convenience food retailer in Poland - to support the Company's investment programme, including the EBRD Green Economy Transition ("GET") eligible investments (the "Project").

Project Objectives

The facility will support financing of Zabka's medium term capex programme in Poland, including investments in a BREEAM Excellent distribution centre and low-carbon stores as well as in e-mobility and food waste minimisation technologies.

Transition Impact

ETI score: 68

Transition impact of the transaction will be mainly derived from two transition qualities:

(i)                 Green, as the Bank will support Zabka's sustainability and climate change strategy through the adoption of sustainable technologies in its stores and distribution network and science-based decarbonisation targets;

(ii)               Competitive, as the Project will foster entrepreneurship and promote digital transformation among the Company's franchisees.


The Project encompasses GET eligible investments equivalent to 92% of the facility.

Client Information


Zabka is the leading modern convenience chain in Poland with over 8,000 stores.

EBRD Finance Summary

PLN 340,000,000.00

Total Project Cost

PLN 340,000,000.00


Financing structure - The EBRD offers an innovative green finance instrument via sustainability-linked impact loan.

Standard Setting - The Company makes use of the EBRD expertise on higher environmental standards, energy and resource efficiency and climate resilience.

Environmental and Social Summary

Zabka is an existing Client and the Bank is familiar with Company's capacity to manage E&S risks. The Company has fully implemented the ESAP agreed in 2017 and reporting has been satisfactory.  Environmental and social due diligence was undertaken by ESD based on the review of E&S questionnaire and Corporate level discussions with Management representatives conducted by ESD. The ESDD confirmed that the Company has the capacity to operate in line with EBRD PRs.

The Company has a comprehensive Integrated Management System (IMS), which includes the Environmental, H&S and Quality Policy and Good Manufacturing and Good Distribution Practices (covering quality, food safety and HACCP) along with operational standards for the sites. The Company is certified to external recognized standards including ISO 14001, ISO 45000, ISO 22000 for distribution and product development and ISO 50001 for energy management. The Retail stores are covered by HACCP procedures, and are regularly audited by the Company for generic HACCP and store standards with a separate audit team covering the food safety audits since 2016. The Company has relevant HRS Department and relevant procedures aligned with PR2 in place. The Company has further strengthened its labour management practices in regards to franchisees and non-employee labour relations under the ESAP agreed with the Bank in 2017. The Company is actively reducing food waste in its retail stores via implementation of internal GS1 codes and the Quick Meal Solutions expiry date management system.

The Company has been reporting to the public on its Corporate Social responsibility commitments under their current Sustainability Strategy. The Company has also been reporting on their activities in regards to COVID 19 response. In response to the war in Ukraine the Company has established a dedicated programme and recruitment centre supporting employment of Ukrainian refuges in Poland in their logistical centres and via franchisees.

The Company has commenced their work on management of environment, health and safety, labour risks in their supply chains. Starting with a code of conduct developed based on Universal Declaration of Human Rights, the Fundamental Convention of the International Labour Organization and the Paris Agreement for business partners and continued assessment of their suppliers via SMETA (Sedex Members Ethical Trade Audit) Platform with all suppliers to be assessed by 2025. The Company is developing  its specific human rights policy, strategy for integration of biodiversity considerations into supply chains and integration of ESG considerations into procurements and purchasing policy. The Project is considered aligned with the objectives of the Paris Agreement.

Technical Cooperation and Grant Financing


Company Contact Information

Pawel Prochniewicz

Implementation summary

PSD last updated

09 May 2022

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 EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794

General enquiries

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 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 to get guidance and more information on IPAM and how to submit a request.


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