BNP Paribas Poland - Green Residential SNP



Project number:


Business sector:

Financial institutions

Notice type:


Environmental category:


Approval date:

21 Jul 2021



PSD disclosed:

16 Jun 2021

Project Description

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 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

The 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 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)


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 and 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
+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 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.


Share this page: