The European Bank for Reconstruction and Development (EBRD) is providing a €50 million loan to Ukrainian postal operator Nova Poshta to implement its 2025-2026 investment program, which includes the development of a decarbonization strategy.
This was reported on the financial institution's website.
The domestic company will use these funds to finance part of its investment program and development strategy in wartime conditions. It is expected to improve infrastructure, energy management, and promote the restoration of human capital.
In particular, Nova Poshta plans to automate some of its workplaces and improve their accessibility in order to expand employment opportunities for women, people with disabilities, and other underserved groups. The EBRD's involvement also includes the development of a corporate decarbonization strategy aimed at reducing or completely avoiding carbon emissions.
The project is also expected to receive an investment grant of up to €1.5 million to support decarbonization and human capital restoration programs with the support of the Taiwan-Business-EBRD Technical Cooperation Fund and the Crisis Response Special Fund (CRSF).
The EBRD noted that the bank has been successfully cooperating with Nova Poshta since 2018. During this time, the financial institution has allocated funds for four projects of the Ukrainian operator.
The bank also reminded that the EBRD is the largest institutional investor in Ukraine. Since 2022, it has invested more than €7 billion in our country and has reached an agreement to increase its capital by another €4 billion in order to continue lending at these levels during wartime, with the potential for further increases after the start of full reconstruction.
As EcoPolitics reported earlier, Ferrexpo became the only Ukrainian company to be included in the list of European climate leaders.
We also reported that in 2024, Metinvest increased its environmental spending to $170 million.
