Translated version of this PSD: Polish
Provision of a senior loan of EUR 100 million (available in PLN or EUR) to SG Equipment Leasing Polska Sp. z o.o. (the "Project") under the PolGEFF Leasing Framework (the "Framework"). The proceeds will be used to provide leasing finance to small and medium-sized enterprises ("SMEs") in Poland.
The proceeds of the loan will be used to finance energy and resource efficiency, renewable energy, water and waste management sub-projects, through private businesses, that stimulate green economy transition (i.e. GET investments), under the PolGEFF Leasing Framework. The eligible sub-projects will cover a broad spectrum of technologies and will be selected according to technical, financial and environmental eligibility criteria.
The main sources of transition impact will stem from the demonstration of commercial viability of resource and energy efficiency investments to private businesses and the financial sector. This is expected to contribute to the market expansion and transfer of skills in Poland.
SOCIETE GENERALE EQUIPMENT LEASING POLSKA SP ZOO
SG Equipment Leasing Polska Sp. z o.o. is part of Societe Generale Group and is a leading leasing company in Poland for equipment finance. The company provides leasing finance for a wide range of assets including agricultural equipment, light and heavy vehicles, and construction machinery.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Categorised FI (ESP 2014). SGEL will be required to continue to comply with EBRD's Performance Requirements 2, 4 and 9, adopt and implement the EBRD's E&S Procedures for Leasing Companies and submit Annual Environmental and Social Reports to the EBRD on E&S matters and on the implementation of the Performance Requirements. All projects under the Green Economy Financing Facility (GEFF) will be required to comply with the national environment, health and safety and labour regulations and standards as well as the Environmental and Social eligibility criteria for Renewable Energy and Energy Efficiency sub-projects.
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