Early Warning System

Countries

Lithuania

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."

Voting Date

Nov 4, 2025

Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.

Borrower

UAB Dominari

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

Sectors

Industry and Trade

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

Investment Type(s)

Loan

The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 28.71 million

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.
Currency conversion note:
Bank reported 25
Converted using 2025-11-04 exchange rate.

Project Cost (USD)

$ 34.46 million

Bank Documents

PSD Translation (Lithuanian)

Primary Source

Original disclosure @ EBRD website

Updated in EWS Dec 4, 2025

Disclosed by Bank Nov 3, 2025

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, the project consists of a sustainability-linked loan (SLL) of up to EUR 25 million to Dominari Group, a leading Lithuanian producer of polyurethane foam and upholstery. The loan proceeds will be used for corporate investment purposes in line with LMA Sustainability-Linked Loan Principles, including the development of a sustainability framework. The Project qualifies as 100% GET.

EBRD financing supports the Group's expansion related to capital expenditures (capex) such as the construction of a new workshop facility and the expansion of working capital.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Categorised B (2019 ESP). The proceeds of the Bank's investment will be used for corporate investment purposes in line with LMA Sustainability-Linked Loan Principles, including developing of sustainability framework as well as to co-finance the Company's expansion capex (construction of a new workshop) and expansion working capital.

The Client's main activity (production of polyurethane foam with activities in upholstery furniture market and PIR panels) is associated with environmental and social risks which are site-specific and can be addressed by means of implementing an Environmental and Social Action Plan (ESAP). Potential Environmental & Social (E&S) risks and impacts to consider associated to the Project are construction and operation related Environment, Health and Safety (EHS) issues (e.g. occupational H&S, air emissions, noise, solid hazardous and non-hazardous waste during both construction and operation), labour and working conditions, contractor management, operation and construction occupational safety, air emissions, resource and energy efficiency, stakeholder engagement and grievance management.

Investment Description

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

European Bank for Reconstruction and Development (EBRD)

A sustainability-linked loan (SLL) of EUR 25 million.

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.

Dominari Group is a leading Lithuanian producer of polyurethane foam, founded in 2010 by industry professionals with backgrounds in furniture and chemical (foam) manufacturing. Leveraging their expertise in foam production, the Group has established a strong presence in the upholstered furniture market, where it ranks among the top players in the Baltic states, as well as in the production of PIR panels, rigid insulation boards widely used in construction.

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	UAB Dominari	Client	-

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.

Marius Petrevicius
m.petrevicius@dominari.lt

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