| Project Detail |
Location: Türkiye Project number: 53708 Business sector: Manufacturing and Services Notice type: Private Environmental category: B Approval date: 10 May 2023 Status: Disbursing PSD disclosed: 26 Sep 2023 The EBRD provided up to USD 100 million long-term loan or its EUR or TRY equivalent to Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret A.S. (the Company, or Brisa) to finance the Companys new capital expenditure program, which consists of new machine and equipment acquisition and capacity increase in Aksaray plant as well as modernization in Izmit plant in Turkey. Project Objectives The proceeds of the financing will enable Brisa to implement a large-scale investment plan for modernisation and capacity increase in its Aksaray and Izmit plants in Turkiye in order to increase manufacturing of fuel-efficient and low-carbon emission products. The Project will have significant climate change mitigation benefits and support the Company achieve its GHG emission targets by demonstrating a substantial reduction in net GHG emissions through Scope 3, while further strengthening Brisas sustainability practices consistent with the objectives of the Paris Agreement. The Project is aligned with the EBRDs Green Economy Transition Approach (GET). Furthermore, the Project will enable the Company to strengthen its human resources policies through the introduction of gender-based violence and harassment (GBVH) provisions in line with international best practices. The Project is in line with EBRDs Strategy for Turkiye as it supports increased energy and resource efficiency, climate resilience and environmental performance. |
