SERVICES
Technical, environmental and social risks are often elusive and less visible. Less visible or invisible risks arise at different stages of an investment and are often bring significant problems which are difficult to manage. A “Current Situation Assessment” study is carried out by Escarus for various projects by taking into account many factors such as the planned aspects and possible risks during the feasibility stage, the experience and competence of the investor, the expectations of the host country where the investment will be realized and the suitability of the investment’s value chain.
This study is very important for the institutions which are lenders or invest in the project, because any the realisation of any technical, environmental and social risk could prevent the project from achieving the expected production and or could even halt production, while causing serious material and or reputational damage to the investor. Any incidence of non-compliance which may occur in any of the processes may cause reputational risk, guarantee risk and/or financial risks which may hinder the repayment of the loan for the lending/investor institutions.
In order to meet these needs, Escarus carries out technical, environmental and social status assessment and monitoring studies at the facilities in the construction or operation phase, with its experience in the sector and its specialised staff.
These studies can be prepared in light of both the International Finance Institutions’ criteria such as the Equator Principles, the IFC Performance Standards, the European Investment Bank (EIB) Environmental Standards and the European Bank for Development and Reconstruction (EBRD) Performance Criteria as well as local legislation, depending on the needs and demands.