Environmental and Social Sustainability
We support the global ramp-up of clean hydrogen and other low-emissions fuels without compromising our dedication to environmental and social sustainability.
In the H2Global HPA auctions, Hintco uses various tools to ensure that the selected projects comply with comprehensive social and environmental requirements.
As per the contractual documents entered into between Hintco and the awarded bidders, producers must meet EU standards for renewable hydrogen (RED II and Delegated Acts). In addition to those product requirements, they must also fulfill additional sustainability requirements defined by Hintco based on the stipulations of the provider of the funds.
The additional sustainability requirements include:
- Protection of arid regions and water supply
- Sustainable desalination of water
- Sustainable land use and conservation of biodiversity
- Protection from forced resettlement
- Implementation of environmental management systems
- Local value creation and gender equality
- Adherence to International Labour standards (ILO)
The additional sustainability criteria are part of the contractual documents.
Producers must in addition carry out an environmental and social impact assessment (ESIA) in accordance with IFC and/or World Bank standards.
Hintco works closely with external consultants from reputable certification bodies to validate and verify compliance with the environmental and social criteria during the contract duration.
The concrete environmental and social criteria for future tenders may differ from those set for the pilot tender, depending on the stipulations of the respective provider(s) of the funds. They will always demonstrate Hintco's commitment to promoting environmental protection and addressing climate change.