Bank Of Greece Sa · ATHEX:TELL
Bank Of Greece Sa — European Bank for Reconstruction and Development — ESG Presentation (July 2016)
28 slides from Bank Of Greece Sa's sustainability presentation, Jul 12, 2016
Slide 1: EBRD's Environmental and Social Requirements for Financial Institutions
EBRD’s Environmental and Social Requirements for Financial Institutions Anne Maria Cronin Associate Director OFFICIAL USE
Slide 2: EBRD commitment to Sustainability
EBRD commitment to Sustainability EBRD seeks to ensure that it finances activities that: • are socially and environmentally sustainable respect the rights of workers and communities • comply with applicable regulatory requirements EBRD seeks to minimise E&S risk to both EBRD and its financial partne
Slide 3: EBRD Performance Requirements
EBRD Performance Requirements EBRD’s E&S Policy 2014 has defined 10 Performance Requirements PR1 Assessment and Management of Environmental and Social Impacts and Issues (Management Systems) PR2 Labour & Working Conditions PR3 Resource Efficiency and Pollution Prevention and Control PR4 Health and S
Slide 4: Project Categorisation
Project Categorisation Category A Projects Potentially significant adverse future Require a formalised and participatory environmental and/or social impacts which, environmental and social impact at the time of categorization, cannot readily assessment process be identified or assessed Category B
Slide 5: EBRD Relationship with FIs
EBRD Relationship with FIs Socially and environmentally sound Sustainable OFFICIAL USE
Slide 6: PR 2: Labour & working conditions
PR 2: Labour & working conditions Aim of PR2: 1.Promote good HR management; and 2.Comply with ILO core labour standards and national labour laws Main issues for FIs: • Non-discrimination and equal opportunity • Grievance mechanism • Labour policies of contractors (e.g. cleaners, caterers) • Redundan
Slide 7: PR 4: Health & Safety
PR 4: Health & Safety Aim of PR4 for FIs: 1.Promote safety and health of workers Main issues for FIs: • Safe and healthy workplace • Safe and healthy workforce FIs have relatively low labour risks compared to some sectors OFFICIAL USE
Slide 8: PR 9: Financial Intermediaries
PR 9: Financial Intermediaries Five main requirements: 1. FI Organisational capacity • FIs will have human resources policies and management systems in line with PR2 and PR4 at the FI level • FIs will designate senior management responsibility for E&S 2. FI Practices on E&S Risk Management • FIs wil
Slide 9: PR 9: Financial Intermediaries
PR 9: Financial Intermediaries 3. Stakeholder engagement • FIs will put in place a system for stakeholder engagement and respond to queries in a timely manner • FIs are encouraged to publish their corporate E&S Policy or a summary of their ESMS on their website • Where possible, link any E&S Impact
Slide 10: PR 9: Financial Intermediaries
PR 9: Financial Intermediaries 5. Voluntary initiatives • FIs encouraged to follow good international practice on E&S management by ‒ Extending E&S procedures to all business activities ‒ Develop financial products with high E&S benefits ‒ Join existing international initiatives that promoted best p
Slide 11: E&S Exclusion List – excluded from EBRD financing
E&S Exclusion List – excluded from EBRD financing • Activities or products that deemed illegal under host country laws • Production or use of or trade in unbonded asbestos fibres or asbestos-containing products • Prohibited impacts on biodiversity resources or cultural heritage • Drift net fishing •
Slide 12: Category A projects
Category A projects • Projects with potential significant adverse E&S impacts. • Typically greenfield or major expansion/conversion projects. • An E&S Impact Assessment (ESIA) is required, as well as the application of Performance Requirements 1-8 and 10, where applicable to the project. • Examples:
Slide 13: PRs 1-8 and 10 for Cat A sub projects
PRs 1-8 and 10 for Cat A sub projects • PR1 – requires an E&S impact assessment of the project’s potential impacts. Depending on the results of this assessment, the following PRs will apply: • PR2 – on labour and working conditions • PR3 – on resource efficiency and pollution prevention and control.
Slide 14: Elements of an ESMS
Elements of an ESMS Strategy: • Overall approach to sustainability for the organisation Policy: considering current status and future goals • Commitments on how E&S will be managed • Clearly articulated strategic priorities, goals and in-house and in business activities milestones • Provides the fra
Slide 15: EBRD E&S Procedures
EBRD E&S Procedures Aim • Control and minimise EBRD and FI exposure to E&S risk • Identify and develop E&S opportunities Integration of E&S procedures into transaction appraisal is a condition of EBRD finance OFFICIAL USE
Slide 16: Integration into transactions
Integration into transactions Example transaction process and E&S management Transaction Process Due Diligence, Origination / Review and Initial Review Appraisal, Regular Monitoring Exit / Completion Application Approval Recommendations Example E&S Procedure • Agree • Evaluate risk monitoring • Scre
Slide 17: EBRD E&S risk management procedures for corporate lending
EBRD E&S risk management procedures for corporate lending E&S risk level of loan E&S risk assessment activity Low Medium High Confirm compliance from the client through warranties *Confirm compliance Confirm compliance from from the client through the client through If concerned check Regulatory
Slide 18: E&S Regulation: FI Requirements
E&S Regulation: FI Requirements FIs must require customer compliance with E&S laws and regulations in areas such as: • Environment (e.g. waste, water, land, air, biodiversity) • Labour rights and working conditions • Occupational health and safety • Public health and safety • Public disclosure and c
Slide 19: Environmental and social risk monitoring
Environmental and social risk monitoring • Include E&S issues in the regular, documented monitoring of active transactions • Take proper account of E&S risk in entering, amending, and exiting any transaction Supporting • Monitor E&S risk associated with a loan or other tools transaction on a regular
Slide 20: EBRD resources to help FIs
EBRD resources to help FIs Face to face Face-to-Face Training training • Practical training on E&S risks and EBRD’s procedures E&S Reporting Toolkit • Excel format and tools to support FI E&S Sustainability Reporting assessment of E&S risk Index Toolkit Financial E-learning Intermediary • 14 modules
Slide 21: Industry Sub-sectoral Guidelines
Industry Sub-sectoral Guidelines OFFICIAL USE
Slide 22: E&S E-modules
E&S E-modules E-learning modules provide: • step by step guidance for appraisal of environment and social risks • how and why financial intermediaries should carry out environmental and social investigations • supporting reference materials to assess the environmental and social aspects of a transac
Slide 23: EBRD E&S Risk Management
EBRD E&S Risk Management Can be found at: http://www.ebrd.com/who-we-are/our-values/environmental-e manual-risk.html 23 OFFICIAL USE
Slide 24: Annual E&S reporting to EBRD
Annual E&S reporting to EBRD The Sustainability Index OFFICIAL USE
Slide 25: Summary – Environmental and Social Risk Management Scores
Section 1 This summary report provides a statistical summary in which you and EBRD can understand how your Financial Institution is responding to the risks and opportunities associated with responding to Environmental and Social (E&S) risks. FI Name: FI ABC Date Completed: FI: Address: Reporting Per
Slide 26: Additional Information
Additional Information Project summary documents http:// www.ebrd.com/work-with-us/project-finance/proje ct-summary-documents.html EBRD Sustainability Report : http:// www.ebrd.com/news/publications/sustainability-re port/sustainability-report-2015.html ver EBRD Governance Policies • Environment and
Slide 27: Contacts
Contacts For further enquiries, please contact: Name: Anne Maria Cronin Title: Associate Director Department: Environment and Sustainability Department Tel: + 44 20 7338 6605 Email: Cronina@ebrd.com EBRD, One Exchange Square London, EC2A 2JN United Kingdom www.ebrd.com October 8, 2026 OFFICIAL USE 2
Slide 28: Thank you!
Thank you! oO European Bank for Reconstruction and Development
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