The BSTDB is committed to promoting environmentally sound and sustainable development in all its financing activities, therefore all its operations are required to be at a minimum environmentally neutral, that is they do not add to the existing pollution. The Bank favors operations with strong environmental impact, which apply cleaner technologies and energy efficiency, the use of renewable sources, waste reduction and resource recovery and recycling. In addition to preserving the natural environment and preventing pollution of ground water, wetlands, coastal areas, forest resources, fisheries, wildlife, and in particular prevention of any further pollution of the Black Sea.

 

All the operations are subject to Environmental Assessment as prescribed by the BSTDB Environmental Policy and Environmental Assessment Procedures before any financing decisions are made. Environmental Assessment is an integral part of the Bank’s overall portfolio management that seeks to identify all the environmental risks and impacts associated with the operation and is proposing efficient mitigation and monitoring measures. In carrying out Environmental Assessment the BSTDB uses a number of tools such as Environmental Impact Assessment (EIA), Environmental Audit, Environmental Action Plan (EAP), Environmental Monitoring, etc.

 

The BSTDB applies the European Union and the World Bank Group environmental norms and standards as well as International Environmental Conventions.