Sustainability Report 2013

Contents

Glossary

A C D E F G I M N O P R S T U W
ABI
Annual Bank investment; the volume of commitments made by the Bank during the year. This includes new commitments (less any amount cancelled or syndicated within the year); restructured commitments approved by the Bank’s Operations Committee; and trade finance amounts issued during the year and outstanding at year-end.
Category A projects
Projects with potentially significant and diverse environmental and social impacts, requiring a detailed participatory assessment process.
Category B projects
Projects with environmental and social impacts that are site-specific and which can be readily assessed and managed.
Category C projects
Projects that are expected to result in minimal adverse environmental or social impacts.
Child labour
Work by children (persons under 18) that is hazardous (economically or otherwise), likely to interfere with the child's education or to be harmful to the child's health or physical, mental, spiritual, moral or social development. Obligations on child labour are extended the to client's supply chain (definition from PR2).
CICERO
Centre for International Climate and Environmental Research
CIF
Climate Investment Funds
Climate adaptation
An adjustment in ecological, social or economic systems in response to actual or expected climate stimuli and their affects or impacts (definition from International Panel on Climate Change [IPCC]).
Climate change
A change of climate which is attributed directly or indirectly to human activity that alters the composition of the global atmosphere and which is in addition to natural climate variability observed over comparable time periods (definition from United Nations Framework Convention on Climate Change [UNFCCC]).
Core Labour Standards
The fundamental principles and rights at work developed by the International Labour Organisation, including: freedom of association and the right to collective bargaining; the elimination of forced and compulsory labour; the abolition of child labour; and the elimination of discrimination in the workplace (definition from PR2).
Corporate responsibility
A concept whereby companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis (definition from the European Commission).
CSO
Civil society organisation
CTF
Clean Technology Fund
DECC
UK Department of Energy and Climate Change
Defra
UK Department for Environment, Food and Rural Affairs
Due diligence
An adequate, accurate and objective evaluation and presentation of the issues, prepared by qualified and experienced persons. Environmental and social due diligence will identify and assess any potential future impacts associated with the proposed project; fully characterise the risks and impacts; be consistent with a precautionary approach; and reflect the concerns of relevant stakeholders. Due diligence requirements may vary depending on the project and will be agreed with the EBRD on a case-by-case basis, in accordance with PR1.
E5P
Eastern Europe Energy Efficiency and Environment Partnership
EASST
Eastern Alliance for Safe and Sustainable Transport
EBRD, the Bank
European Bank for Reconstruction and Development
EE
Energy efficiency
EIA
Environmental impact assessment
EIB
European Investment Bank
Environmental Impact
Any environmental change, positive or negative, partly or fully derived from an organisation's activity, products or services.
ESAC
Environmental and Social Advisory Council
ESAP
Environment and Social Action Plan; a programme of mitigation and performance improvement measures and actions that address the identified social and environmental issues, impacts and opportunities of a project (as defined in Policy/PR1/PR3/PR10).
ESCO
Energy Service Company
ESIA
Environmental and Social Impact Assessment
ESP
Environmental and Social Policy
ETCs
Early transition countries. Refers to ten countries: Armenia, Azerbaijan, Belarus, Georgia, Kyrgyz Republic, Moldova, Mongolia, Tajikistan, Turkmenistan and Uzbekistan.
EU
European Union
FI
Financial Intermediary
FI projects
Transactions that involve the provision of financing to a financial intermediary, typically a bank or a fund, which are required to adopt and implement procedure to manage their environmental and social risks.
FINTECC
Finance and Technology Transfer Centre for Climate Change
Forced labour
All work or service which is exacted from any person under the menace of any penalty and for which the said person has not offered themselves voluntarily. A compulsion for anyone to work without his/her consent or under a threat (definition from PR2).
FSC
Forest Stewardship Council
FYR Macedonia
Former Yugoslav Republic of Macedonia
GEF
Global Environment Facility
GHG
Greenhouse gas
GGP
Good Governance Policies
GPP
Green Project Portfolio
Greenfield projects
New factories, plants or facilities that are built on undeveloped land (definition from PR1).
GRI
Global Reporting Initiative
GWh
Gigawatt hours
ICOLD
International Commission on Large Dams
IFC
International Finance Corporation, a member of the World Bank Group
IFIs
International financial institutions
ILO
International Labour Organisation
IOSH
Institution of Occupational Safety and Health
IPCC
International Panel on Climate Change
ISO
International Standards Organisation
MDB
Multilateral development bank
MEI
Municipal and environmental infrastructure
MRV
Monitoring, reporting and verification
NDEP
Northern Dimension Environmental Partnership
NGO
Non-governmental organisation
ODA
Official development assistance; a term used by the Development Assistance Committee (DAC) of the Organisation for Economic Co-operation and Development (OECD) to measure aid. The term is widely used as an indicator of international aid flow.
OHS
Occupational Health and Safety; refers to the range of endeavours aimed at protecting workers from injury or illness associated with exposure to hazards encountered in the workplace or while working. Prevention of disease and injury in the workplace.
PCM
Project Complaint Mechanism
Public Information Policy
This embodies the EBRD’s commitment to enhance the transparency of its activities and promote good governance. The Bank has conducted this third review as mandated by the policy.
PolSEFF
Polish Sustainable Energy Financing Facility
Project
Refers to the business activity for which EBRD financing is sought by the client, regardless of the type of EBRD operation.
PRs
Performance Requirements; EBRD-financed projects are expected to meet good international practice related to sustainable development. To help clients and/or their projects to achieve this, the Bank has defined specific PRs for key areas of environmental and social issues and impacts.
PSD
Project summary document
RE
Renewable energy
Renewable energy
Energy sources derived from solar power, hydro, wind, certain types of geothermal, and biomass. (PR3)
RuSEFF
Russia Sustainable Energy Financing Facility
SCCF
Special Climate Change Fund
SEFF
Sustainable Energy Financing Facility
SEI
Sustainable Energy Initiative
SEI 3
SEI Phase 3
SEMED
Southern and eastern Mediterranean
SGI
Strategic Gender Initiative
SIA
Social Impact Assessment; the process of analysis that is conducted to identify the social impacts and potential benefits of a project. These may include assessments of: groups who are expected to benefit from and use services that are to be provided by the project; identification of groups; needs of the groups; their demands; their absorptive capacity; gender, ethnicity and age issues; and possible adverse effects in vulnerable groups (and the need for measures to mitigate or compensate those adversely affected). (PR1/PR5/PR6/PR10)
Social impact
Consequences of actions and developments resulting from a project activity that affect the socio-economic status, well-being and/or culture of a person, community or population.
SRI
Sustainable Resource Initiative
Stakeholder
The various individuals or groups who are affected or likely to be affected (directly or indirectly) by the project (“affected parties”), or may have an interest in the project (“other interested parties”).
TC
Technical cooperation
TC grants
TC grants focus on specific tasks in support of a particular project or programme such as project preparation and implementation, training, sector support, building a client’s know-how and technical skills, policy dialogue and providing other forms of assistance.
tCO2e
Tonnes of CO2 equivalent
TOBB
Union of Chambers and Commodity Exchanges of Turkey
toe
Tonnes of oil equivalent
Transition impact
A key principle governing the EBRD’s project activities. There are broadly three areas in which an EBRD project can contribute to the process of transition – the structure and extent of markets; the institutions and policies that support markets; and market-based behaviour patterns, skills and innovation. These three areas are further divided into seven sources of the transition impact which are – greater competition in the project sector; expansion of competitive market interactions in other sectors; more widespread private ownership; institutions, laws and policies that promote market functioning and efficiency; transfer and dispersion of skills; demonstration of new replicable behaviour and activities; and setting standards for corporate governance and business conduct.
UN
United Nations
USELF
Ukraine Sustainable Energy Lending Facility
Waste
Defined as a heterogeneous mixture of gaseous, liquid and/or solid substances/materials which need to be treated using adequate physical, chemical and/or biological processes before it could be safely disposed of into the environment.
Waste recovery
The process of obtaining materials or energy resources from waste
Waste recycling
A method of recovering wastes as resources which includes the collection (and often involving the treatment) of waste products for use as a replacement for all or part of the raw material in a manufacturing process.