The European Bank for Reconstruction and Development (EBRD) has announced a strategic investment of PLN 43 million (approximately €10 million) in bonds issued by Dekpol S.A., a prominent Polish manufacturing and construction group. This investment marks a significant step towards supporting Dekpol’s transition to carbon neutrality and promoting sustainable practices within the industry.
The EBRD participated in a private placement of PLN 225 million in bonds, with a substantial portion allocated to green investments aimed at reducing Dekpol’s operational carbon emissions. Specifically, at least 50% of the EBRD’s investment will fund initiatives such as the development of an on-site photovoltaic farm, the installation of energy-efficient machinery, the introduction of green products, and the construction of BREEAM-certified, energy-efficient buildings.
By implementing this ambitious green investment program, Dekpol aims to achieve a substantial decarbonisation of its operations, contributing to environmental sustainability on a significant scale.
In addition to these sustainability efforts, Dekpol is pioneering a new modular construction system that enhances resource and energy efficiency compared to traditional methods. This innovation aligns with European Union (EU) environmental standards and is poised to strengthen Dekpol’s competitive edge in the steel-elements industry, particularly in the rapidly expanding offshore sector.
Frederic Lucenet, EBRD Head of Manufacturing and Services, expressed enthusiasm about the investment, stating, “Our focus in all of our industrial investments is to finance decarbonisation. Dekpol deploys innovative sustainability solutions in its sector that we are proud to support.”
Katarzyna Szymczak-Dampc, Vice President of the Management Board and CFO at Dekpol, highlighted the significance of EBRD’s investment, saying, “We are extremely honoured to have a renowned institution such as the EBRD among our investors. It is a clear indication that the Group’s actions and plans in ESG-related areas are moving in the right direction.”
Dekpol, a diversified Polish group operating in manufacturing and construction, is recognized as one of Europe’s largest producers of steel buckets for construction equipment and a key player in Poland’s construction sector. The company is listed on the Warsaw Stock Exchange, underscoring its established position in the market.
The private placement and bond sale were facilitated by Michael/Ström Dom Maklerski S.A., a leading corporate bond broker in Poland, reflecting strong market confidence and support for Dekpol’s green initiatives.
The EBRD has been a significant investor in Poland since 1991, contributing over €14 billion across 527 projects. Last year alone, the Bank set a record by investing €1.3 billion in various sectors across the country, reinforcing its commitment to sustainable development and economic growth in Poland.
This partnership between EBRD and Dekpol exemplifies a collaborative effort towards advancing green investments and sustainability practices within the manufacturing and construction sectors, setting a precedent for future industry standards in Poland and beyond.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
