GEFF Lebanon - SGBL

Location:

Lebanon

Project number:

51383

Business sector:

Financial institutions

Notice type:

Private

Environmental category:

FI

Status:

Passed Final Review, Pending Approval

PSD disclosed:

09 Oct 2019

Translated version of this PSD: Arabic

Project Description

Provision of a senior loan to SGBL under the Green Economy Financing Facility (GEFF) Lebanon.

Project Objectives

Increase the capacity of SGBL Bank to finance energy efficiency, renewable energy, and resource efficiency projects in Lebanon to help create a demand-driven, self-sustaining market for investments in high-performance technologies and services supporting a green economy.

Transition Impact

Supporting SGBL Bank in sustainable lending for green projects in Lebanon and associated capacity building.

Client Information

SOCIETE GENERALE DE BANQUE AU LIBAN SAL

SGBL is the 3rd largest bank in Lebanon with total consolidated assets of USD 26 billion as of December 2018.

EBRD Finance Summary

USD 45,000,000.00

Total Project Cost

USD 50,000,000.00

Environmental and Social Summary

Categorised FI (ESP 2014). SGBL is an existing Client of the EBRD. Through the existing SME loan facility, SGBL is committed to comply with EBRD's Performance Requirements (PR) 2, 4 and 9. Monitoring to date has confirmed such compliance. As part of the proposed Project, eligible sub-projects will be required to be in compliance with the national environmental, social, labour, health and safety legislation. This will be confirmed to the bank by a Project Consultant who will be hired by the EBRD to cover this issue. SGBL will be required to submit Annual Environmental and Social Reports to the EBRD on the implementation of the PRs and its ESMS.

Technical Cooperation

Assignment to support the origination, assessment and implementation of eligible investments in the agricultural, industrial, commercial, and residential sectors.

Company Contact Information

Mrs Mona Mroue
http://www.sgbl.com.lb
Saloumeh Roundabout, Dekwaneh, SGBL building Beirut; Lebanon

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP 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. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

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 how to submit a Request for review through our confidential online form, by email, mail or telephone. IPAM is available to discuss your concerns and answer any questions you may have about the submission or handling of Requests, which follow the Project Accountability Policy and Guidance. Requestors’ identities may be kept confidential, upon request.

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