EBRD CCG Facility: CCG and Paris Alignment Advisory for Bank Al Etihad (BAE) – Phase I & II

Narrative description of Project:

On behalf of RINA Consulting, CLA as subcontractor supports EBRD in implementing Corporate Climate Governance (CCG) Facility and Technical Assistance (“TA”) to BAE to develop and implement a climate risk action plan followed by a transition plan and specific activities therein (“the Assignment”). The Assignment is divided into two phases in order to provide comprehensive non-transactional and transactional (i.e. linked to a debt facility) TA support. Phase I will focus on climate risk practices. Phase II of the Assignment – tied to the Client’s legal commitment to develop and implement an institutional transition plan in an upcoming debt transaction – will then broaden the scope to the Client’s overall climate practices and support the Client in the development and implementation of such a transition plan.  

Description of actual services provided by your staff within the assignment:

• Diagnostic of BAE’s climate risk management practices using EBRD’s proprietary diagnostic tool, and subsequent result discussion and mapping of climate transition pathways.

• Preparation of the Climate Risk Action Plan, focusing on guidance to climate risk materiality, data gap assessment and data governance.

• Portfolio screening and climate-related materiality assessment.

• Preparation of the Climate Transition Plan that shall meet the requirements of the EBRD’s PFI Paris-Alignment Principles, with decarbonization pathways, scenario analysis, and strategies to reduce climate risk concentrations.

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