EBRD has determined a number of types of activities that EBRD will not finance for ethical, environmental and social and/or government reasons. These exclusions are specified on EBRD website, in general investment principles, various sector strategies and in several EBRD policies and procedures that govern ESG issues, including:-
· EBRD Environmental and Social Policy;
· The Enforcement Policy and Procedures;
· Corporate Governance Review Toolkit;
· Domiciliation Policy;
· Fraud and corruption - definitions and guidelines; and
· Integrity Risks Policy.
EBRD screens investments to ensure they do not fall under the exclusion lists in these policies, for example:
EBRD wide exclusions include:
• Defence-related activities, tobacco, selected alcohol products, substances banned by international law or gambling facilities
• Thermal coal mining, coal-fired electricity generation capacity and upstream oil exploration (unless reducing GHG emissions or flaring)
• Projects related to subsidies, sponsorship or donations
• Activities listed on the Exclusion list in Annex 1 of EBRD’s Environmental and Social Policy: https://www.ebrd.com/news/publications/policies/environmental-and-social-policy-esp.html
Under this link (https://www.ebrd.com/who-we-are/our-values/environmental-emanual-toolkit.html), clients find our “Environmental and Social E-Manual” which includes:
- an E&S due diligence tool
- E&S categorisation list
- sub-sector guidelines
- E&S sub-topic guidelines (on labour issues, grievance mechanisms, hiring third party experts etc.)
- Reporting templates
- access to our E&S E-learning course.