Original disclosure @ EBRD website
Updated in EWS Dec 13, 2022
Disclosed by Bank Jul 11, 2022
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According to the Bank’s website, the project consists of the participation in the amount of EUR 100 million in the 7-year tranche in environmental, social and governance (ESG)-linked Schuldschein (a German debt instrument used as an alternative to credit facilities and bonds) issuance of ETEX NV, a global, largely family-owned, building materials company. The EBRD proceeds are channelled to support the Company's direct green investments in Poland, Romania and Lithuania as well as to contribute to the acquisition financing linked to URSA (including URSA's operations in Poland and Slovenia), a European leader in thermal insulation materials.
The Project will support direct green investments in Poland, Romania and Lithuania through implementation of energy efficiency measures, introduction of new renewable energy capacity, increased product recyclability and increased circular economy practices. Moreover, the Project indirectly supports greater production and use of heat insulation materials in the EBRD region.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
COMPANY CONTACT INFORMATION
Bernard Orban, Head of Group Treasury and Corporate Finance
+32 2 7781318
ETEX NV | PassPort Building | Luchthaven Brussel Nationaal | Gebouw 1K 1930 Zaventem | Belgium
ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org 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: email@example.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