Agribusiness Sustainable Investment Facility - ASIF

Location:

Regional

Project number:

41029

Business sector:

Agribusiness

Notice type:

Private

Environmental category:

B

Target board date:

02 Mar 2011

Status:

Board Approved

PSD disclosed:

14 Jan 2011

Project Description

The EBRD is considering launching a €50 million Agribusiness Sustainable Investment Facility (the ‘Facility’) to capture the commercial benefit of energy efficiency, environmental and social investments in the agribusiness sector.


The Bank hopes to extend the positive experience it has gained in energy efficiency investing to a wider range of environmental and social issues, including small-scale renewable energy, health and safety improvements, implementation of sustainable farming and energy efficiency in the built environment.
The Facility will enable client companies to implement investment programmes that reduce their input intensity and improve their environmental and social performance, leading to improved sustainability in the agribusiness sector.


The Facility will be also supported by technical cooperation (TC) funding of approximately €1 million for technical, financial and legal due diligence. This technical cooperation has been sought to overcome current barriers to sustainable investments in the sector.

Transition Impact

The project will demonstrate the impact of efficient energy technologies and techniques in improving industrial productivity and competitiveness in the agribusiness sectors of the EBRD region.


They will also demonstrate the commercial viability of investing in environmental and social sustainability. Rationalising companies’ input and emission intensity will contribute to emissions reduction in the sector.


The Facility will generate sector-specific know-how in implementing sustainable investments. Once generated, this know-how could be replicated both locally and across borders.

The Client

Approximately ten agribusiness enterprises legally incorporated in any of the Bank’s countries of operation.

EBRD Finance

Within the €50 million funding envelope, investments may be of any size. Both debt and equity financing will be available.

Project Cost

€50 million

Environmental Impact

Categorised B. Given its aims, it is anticipated that the overall environmental impact of this project will be very positive. Sub-projects financed through this Facility will be appraised on a case-by-case basis. The Bank will take a risk-based approach to environmental due diligence with all projects undergoing an environment, health and safety review prior to project approval. For companies with higher environmental and /or social risk, additional studies will be carried out with assistance from external consultants. These will allow the Bank to fully understand all environment-related liabilities and environmental and social risks associated with the project or company’s operations and to develop and agree upon the environmental and social action plan as required. Borrowers will be required to comply with the applicable national and EU environmental, health and safety requirements and provide the Bank with an annual report on environmental, health and safety issues.

Technical Cooperation

Technical cooperation support for this operation has been provided by the EBRD Shareholder Special Fund in the amount of € 750,000 to cover

1) Legal TC funding and

2) Financial due diligence funding as necessary, including IFRS audit.

Additional Technical cooperation has been funded through the Regional Energy Audit Programme for the Corporate Sector funded by the CEI, ETC Fund, Germany, Italy, EU Neighbourhood Investment Facility, WB Fund and the EBRD Shareholder Special Fund.

Company Contact

Tamara Tosic
E-mail: tosict@ebrd.com
Tel: +44 20 7338 7741

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

Project Complaint Mechanism (PCM)

The Project Complaint Mechanism (PCM) is the EBRD's accountability mechanism. It provides an opportunity for an independent review of complaints from individuals and organisations concerning EBRD-financed projects which are alleged to have caused, or are likely to cause, environmental and/or social harm.

Please visit the Project Complaint Mechanism page to find information about how to submit a complaint. The PCM Officer (pcm@ebrd.com) is available to answer any questions you may have regarding the submission of a complaint and criteria for registration and eligibility, in accordance with the PCM Rules of Procedure.