Translated version of this PSD: Russian
The EBRD is considering cooperation with Lesaffre Group in Russia. The project will provide financing to modernise an existing subsidiary and develop Lesaffre’s yeast operations.
Transition impact related to the Project is expected to derive from:
- Restructuring and skills transfer by introducing EU standards to improve operational and technical efficiency, environmental standards, as well as enhancing production technology to improve product quality to European standards
- The introduction of energy and resource efficiency measures and equipment aimed at more sustainable, environmentally-friendly, and economical operation of the facility.
Russian subsidiary of Compagnie des Levures Lesaffre (CLL).
CLL is part of the Lesaffre Group, a global producer of baking yeast.
Equity investment in CLL’s subsidiary in Russia to finance up to 15% of the Project’s costs.
Up to EUR 10 million equivalent.
Categorised B. A member of the Bank’s Environment and Sustainability Department visited CLL’s Russian subsidiary to review operations and make an assessment of how those facilities were complying with the Performance Requirements of the Bank. The site visit showed that CLL had already made a number of improvements to key environmental, health and safety (EHS) issues. There were still a number of areas for which CLL had identified needed improvements, and these were integrated into an Environmental and Social Action Plan (ESAP) that has been discussed and will be agreed between CLL, its subsidiary and the Bank. Key actions include ensuring that adequate staffing capacity will be in place for managing EHS issues, addressing key health and safety issues in certain higher risk areas of the facility, addressing the treatment of waste waters, and development of a formalised waste management system. CLL’s subsidiary will be required to provide the Bank with annual environmental and social reports on the implementation of the ESAP and any other EHS issues arising in the year.
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