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According to EBRD's Environmental Policy and Procedures this project has been categorised B/1. The project involves the provision of a loan to the Borrower, an existing company located outside Volokolamsk, for refurbishing existing buildings and constructing a new production hall.
To date Can-Pack has submitted a range of information to the Bank and a site visit was conducted to its operating can production facility in Brzesko, Poland. The Bank's environmental due diligence, which is ongoing, aims to assess the Can-Pack Group’s management of environmental, health and safety issues and ability to comply with national and applicable EU environment, health and safety (“EHS”) standards and if necessary agree actions for the improvement of EHS performance and management.
Environmental, health and safety impacts
While the production of aluminium cans is associated with some EHS issues these are typically easy to identify and possible to manage. Issues include mitigation of VOC-containing air emissions, appropriate waste water treatment, improvement of energy efficiency, maintenance of hygiene, and ensuring occupational health and safety. The Can-Pack Group have been operating can production plants in a number of European Union member states and have a proven ability to operate to EU environment, health and safety standards and regulations. Their Russian production facility, will be equipped with the best available technology and equipped with efficient air emissions incinerator and a waste water treatment facility.
Environmental management
The Can-Pack Group has high corporate standards of environmental, health safety and human resources management. The group policies and procedures will be implemented in their Russian facility allowing for complying with Russian Federation law. The Can-Pack Group has committed to implementing an environmental management system in the Russian facility.
The Can-Pack Group is committed to recycling and has been instrumental in setting up schemes for the recycling its own aluminium production scrap and used beverage cans ("UBC") that are collected from the market. The Bank is currently exploring how it can support the group’s efforts to introduce a similar scheme in Russia.
Monitoring and reporting
The Bank will monitor the Borrower’s environmental performance for the lifetime of the loan through annual environmental reporting and via periodic site visits. The Borrower will be required to immediately notify the Bank of any incidents or accidents likely to have an effect on the environment or worker and public safety.
This section of the PSD will be revised upon completion of the Bank’s due diligence.
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