Social and Environmental Standards
Every eeef investment agreement will outline a number of social and environmental (S&E) clauses and impact-reporting obligations. As an integral part of the general eligibility criteria of the Fund, the investment has to comply with its social and environmental management system (SEMS). S&E standards compliance is monitored through the investment’s lifetime.
The eeef aims to conduct its operations in line with the highest expectations regarding social and environmental responsibility. The Fund’s SEMS defines the respective roles and responsibilities of the Investment Manager and partner institutions in promoting social and environmental sustainability.
The Fund’s SEMS has specific performance requirements and procedures which are applied. In general, these are in accordance with the European Investment Bank Statement on Environmental and Social Principles and Standards.
For both types of investments – direct and financial institution investments – the eeef SEMS has specific performance requirements and procedures which are applied. Compliance with these is assessed during the due diligence process and monitored later on over the lifetime of the project.