The EBRD launched a USD 22.4 million programme to support waste minimisation projects in Turkey. The project utilised a dedicated allocation of up to USD 20 million from the Clean Technology Fund (CTF), as well as a USD 2.4 million technical cooperation package from the European Union's (EU) Instrument for Pre-accession Assistance. NOW was structured as an envelope programme, whose funds provided support to at least ten to twelve demonstration projects. The CTF component was restricted to no more than 20 per cent of the project cost, and used in parallel with EBRD and other commercial co-financing.
The project assisted early movers in Turkey with the implementation of best available techniques and technologies for waste minimisation. The NOW Programme enabled investments in projects that would not otherwise be implemented, thereby helping clients to fully unlock the potential for waste minimisation, recycling and/or waste value extraction, including waste-to-energy.
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Demonstration effect. The Programme had a significant demonstration effect by supporting companies where there are clear disadvantages in undertaking waste minimisation investments as an early mover in a respective market, where waste levels are rapidly growing and solutions have not yet been put in place. By assisting in the development of approval procedures and project implementation of early adopters in different sectors, the Programme helped establish commercial standards that can be replicated and encourage other developers to enter the market. Such demonstration effect and subsequent replication may support in stimulating regulatory changes to create an enabling environment for the replication of the relevant technologies and/or best practices.
Framework for markets. Part of the TC funds were used to continue the dialogue with the Turkish authorities (both at Government, municipal and sector association level) on the monitoring and enforcement of relevant legislation to support waste minimisation, building the necessary institutional capacity for its implementation.
Skills transfer and knowledge-sharing. The Programme contributed to building and transfering expertise related to waste minimisation to Turkish companies. In particular this brought much needed expertise in techniques for waste minimisation, as well as promotion of waste management approaches and assistance to coordinating to different stakeholders (public and private) in monitoring and coordinating different waste streams. The Bank explored the possibility for Turkish corporates to join existing business platforms for transitioning to a circular economy framework.
The NOW Programme's funds were available to clients of the EBRD with a private-sector focus. These were clients implementing sustainable, state-of-the-art waste minimisation technologies and processes with high potential for replicability and, in the case of private-sector clients, where there are clear market failures preventing investments.
EBRD Finance Summary
None under this specific Programme. EBRD commercial financing will comprise at least 80 per cent of the total individual investment costs.
Total Project Cost
USD 22.4 million Programme
- The concessional element provided through the Programme was limited to eligible components.
- EBRD involvement resulted in ample capital with long tenors in a market currently without real commercial financing options.
- TC offered to borrowers facilitated efficient project implementation and best practices, currently not available for many companies, particularly for most SMEs, and municipalities.
- Track record of the EBRD in developing innovative policy and investment programmes with the Turkish authorities (SEAP, NEEAP, certificates of origin).
- Through specific key covenants in the agreements, the Bank encouraged clients to apply high standards of corporate governance and business conduct, in line with the Bank's policies and practices, e.g. transparency of ownership, adequate management capacity, sound reputation and integrity, procurement based on principles of economic efficiency.
- Covenants on compliance with environmental and social standards included.
Environmental and Social Summary
The Programme itself is not categorised. Sub-projects were categorised on a case-by-case basis, undergo appropriate E&S due diligence and structured to meet applicable EBRD Performance Requirements. The ESDD addressed specific CTF requirements, including gender assessments. The programme contributed to significant positive impacts through assisting companies in Turkey with implementation of best available techniques ("BAT") for waste minimisation in line with the Bank's ES Policy requirements. An ESAP and SEP was developed for each sub-project. The achieved environmental benefits will be closely monitored and measured on project-by- project and portfolio basis.
Technical Cooperation and Grant Financing
The Programme also provided technical cooperation (TC) to promote best practices in the development of waste minimisation projects. Specifically, the TC delivered an in-depth assessment of the potential sectors and waste streams to be targeted; conducted technical assessments and advisory services to guide EBRD's activities under NOW; and managed policy activities with the relevant ministries and sector associations to achieve an integrated waste minimisation and valorisation policy framework.
Company Contact Information
Ela Yilmaz Akdeniz
PSD last updated
02 Feb 2021
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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 email@example.com. 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 firstname.lastname@example.org to get guidance and more information on IPAM and how to submit a request.