Early Warning System

Regions

Europe and Central Asia

Geographic location where the impacts of the investment may be experienced.

Financial Institutions

European Bank for Reconstruction and Development (EBRD)

International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.

Project Status

Approved

Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.

Bank Risk Rating

Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."

Borrower

Regional

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Climate and Environment
Industry and Trade
Law and Government

The service or industry focus of the investment. A project can have several sectors.

Investment Amount (USD)

Not Disclosed

Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.

Primary Source

Original disclosure @ EBRD website

Updated in EWS Feb 24, 2025

Disclosed by Bank Nov 4, 2024

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, in response to client demand and to deliver on the Green Economy Transition 2.1 ambition, EBRD established a CCG Client Support Facility. The Facility was approved in June 2021 with the objective to encourage a more systematic orientation of market behaviour in support of low-carbon and climate-resilient economic development and in line with the goals of the 2015 Paris Agreement. The Facility aims to transform client businesses by building their capacity to manage climate-related governance, strategy, risks and opportunities, and disclosures. By doing so, the Facility helps clients to unlock green investments as well as maintain and enhance performance amidst unprecedented climate-related changes.

In 2024, the Facility has been reapproved with updated Terms of Reference to reflect lessons learned during 3 years of implementation. The reapproval provides a more comprehensive and business-oriented offering to clients. Specifically, it aims to

Broaden its focus beyond climate mitigation to encompass wider sustainability aspects, including nature, adaptation and other critical sustainability factors.

Continue to support projects across three business lines: Corporates and utilities; Financial institutions (FI), and; Cities and municipalities.

Maintain its counterparty focus by integrating climate and other sustainability considerations in clients’ governance, strategy, risk management and disclosure practices.

Assist clients in navigating the complexity of sustainability-related disclosures, transition plan requirements and investors’ green / sustainability requirements through direct support and capacity building activities.

Support clients to develop and implement new climate and sustainability-related frameworks for issuing green / sustainable finance instruments and access green / sustainable finance.

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

European Bank for Reconstruction and Development (EBRD)

Investment type and amount not available at the time of disclosure.

Private Actors Description

A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

- Corporates and utilities,

- Financial institutions (FI), and

- Cities and municipalities.

Contact Information

This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No contacts available at the time of disclosure.

ACCESS TO INFORMATION

You can request information by emailing: accessinfo@ebrd.com or by using this electronic form: https://www.ebrd.com/eform/information-request

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.

You can contact the PCM at: pcm@ebrd.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en

You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html