Case Studies > Developing a sustainable retail sector in Russia
Developing a sustainable retail sector in Russia
The EBRD provided a loan of up to RUB 4.6 billion (€67 million equivalent) to Lenta LLC, one of Russia’s leading hypermarket operators. The loan proceeds will support Lenta’s investment programme in 2014-15, which comprises investments in existing and new regional stores and distribution centres, with a focus on energy efficiency and improved sustainability performance.
The EBRD Shareholder Special Fund financed a resource efficiency audit, which was used to determine Lenta’s investments in this area. Lenta’s planned investments will include the introduction of more efficient refrigeration and lighting methods and a programme of advanced waste management, wastewater treatment and water purification in many of its existing and new stores.
The energy consumption of Lenta’s operations is expected to significantly decrease as a result of the efficiency programme. In pushing through this programme to make better use of resources, Lenta will set an example for the rest of the industry, as retail facilities, particularly ones selling food, are energy intensive due to the need for bright lighting, air conditioning and food refrigeration.