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Environmental Consulting

Expertise Straight from the Source

A changing awareness of environmental issues is leading to an increasing number of environmental laws and guidelines and to ecologically related market changes. Companies that do not adapt to these changing conditions run the risk of financial loss, and may even be unable to continue operating. Actions that damage the environment and contamination from past activities are a serious source of risk for the economy.

This makes detailed environmental planning a decisive management factor in many cases. Issues that affect the environment must be clarified before the commercial decisions are made to prevent follow-up costs that may threaten a project's or company's solvency.

The environmental office at Bank Austria can assist you in the following areas:

  • The recognition of environmental risks and the preparation of potential solution approaches
  • The management of contact with officials in connection with environmental issues
  • The analysis of expert opinions and reports
  • Advice on current environmental laws
  • Advice on the drawing up of purchase contracts (to avoid risks)
  • The arrangement of contact with qualified experts

Bank Austria also has extensive expertise in contamination management and in the recovery and re-use of brownfields. The recycling of brownfields creates clean development sites, is an important economic impetus, protects the environment and prevents the use of additional undeveloped land.

Kyoto

The Kyoto Protocol allows companies to be flexible in meeting their reduction targets. They can either reduce their own emissions, or buy emission certificates.

Joint Implementation (JI)

CDM projects are completed in developing countries and are funded primarily through investments by industrialised countries or by a country headquartered in an industrialised country. The emissions reductions achieved can be credited between 2000 and 2012.

Clean Development Mechanism (CDM)

CDM projects are completed in developing countries and are funded primarily through investments by industrialised countries or by a country headquartered in an industrialised country. The emissions reductions achieved can be credited between 2000 and 2012.

Emissions Trading

The trading of emissions rights (AAUs, assigned amount units) is conducted between countries. Countries can also empower companies to participate in the trading.

Under the Kyoto mechanisms, Bank Austria has successfully completed its first reference project for the trading of CO2 certificates in the form of project finance for the Tsankov Kamak hydroelectric power plant in Bulgaria (total volume EUR 220 million, completion 2008).