Dariusz Prasek

 

 

 

 

 

 

 

 

Dariusz Prasek

Contact
prasekd@ebrd.com
+442073386873

Profession / Affiliation
Director, Environment and Sustainability Department, European Bank for Reconstruction and Development

European Bank for Reconstruction and Development

Definition of Responsible Investment Banking
Responsible financing involves safeguards that provide assurance to stakeholders, including the public and civil society, that the projects contribute to sustainable development and avoid or minimise environmental and social risks. It entails integrating sustainability into investment strategies, due diligence standards, portfolio supervision systems and technical assistance to deliver a high level of environmental and social quality assurance. It also places a strong emphasis on engagement with stakeholders, active participantion in international sustainability initiatives and policy development and is subject to a robust independent complaints mechanism.

Areas of Expertise
Environmental and social due diligence and risk management.

Curriculum Vitae
DR. DARIUSZ PRASEK

Director, Project Appraisal
Environment and Sustainability Department
European Bank for Reconstruction and Development

BIOGRAPHICAL INFORMATION

Dr. Prasek currently holds a position of a Director of Project Appraisal at the Environment and Sustainability Department in the European Bank for Reconstruction and Development. He is responsible for co-ordinating environmental and social due-diligence on various Bank’s operations. Dr. Prasek joined the Bank in 1992 and has been responsible for the environmental and social appraisal and risk management of Bank operations in a variety of sectors.Before joining the Bank he was an Advisor for the United Nations Conference on Environment and Development (Earth Summit). Dr. Prasek holds a Ph.D. in environmental engineering from the Warsaw University of Technology, and from 1987 to 1991 was Assistant Professor at that university’s Institute of Environmental Engineering. Dr. Prasek has published numerous articles in the fields of solid waste management, environmental management, environmental aspects of project financing and is a member of many professional organizations.

Abstract
The European Bank for Reconstruction and Development (EBRD) aims to achieve impact by integrating sustainability into its investment strategies, departmental scorecards, due diligence standards, portfolio supervision systems and technical assistance. This forms an important part of the value that the EBRD brings to its clients and countries of operations, as well as delivering high-level environmental and social quality assurance. All EBRD-financed projects must meet rigorous environmental and social standards in accordance with the Bank’s Environmental and Social Policy and are subject to detailed due diligence and monitoring. In this way, the EBRD provides assurance to its management, shareholders and stakeholders that the Bank’s projects will contribute to sustainable development and avoid or minimise environmental and social risks. The EBRD seeks outcomes that not only protect and benefit society and the environment, but which also address the business case for sustainability by helping clients reduce risk, improve efficiency and achieve business growth. This chapter explains the practical approach with which the Bank implements its sustainability mandate.