Project detail - SREI INFRASTRUCTURE FINANCE LTD

SREI INFRASTRUCTURE FINANCE LTD

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Who is our client

Srei is a leading Indian non-banking financial company (NBFC) providing holistic solutions in for financing infrastructure equipment across sectors, as well as infrastructure projects and infrastructure development.

Funding objective

Srei is one of the very few financial institutions in India that has a complete environmental and social management system (ESMS) in place. Srei has a powerful self-declared ESMS policy dedicated to the systematic and structured management of the environmental and social (E&S) risks resulting from its extensive presence in infrastructure. Since successfully implementing its own ESMS, Srei has endeavored to help its clients free their portfolios of E&S risks. Srei is therefore providing training to its clients to spread the message of responsible business across the country, thereby creating awareness of the environment and society. This program has been named the ESMS Corporate Roll-Out Program (ESMS CRP).

Why we fund this project

ESMS CRP is intended to create awareness of and spread the practice of sustainable finance among Srei’s clients - some of the key players in the Indian infrastructure business. The program will help to reduce the business risk related to the E&S issues in Srei’s portfolio. In addition, the program is expected to will create better control over third parties and create a stronger reputation for Srei, which would then be the first financial institution to invest in an innovative program like this. The ESMS CRP will also improve Srei's ability to secure lending/investment banking mandates from such clients.

Region
Asia
Country
India
Sector
Financial Institutions
Signing date
4/16/2013
Total FMO financing
EUR 0.08 MLN
Fund
FMO
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)
A