Environmental and Social Sustainability Approach
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 pilot tender, 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). They must also fulfil so-called "additional sustainability requirements" defined by Hintco based on the requirements of the provider of the funds (BMWK).
The “additional sustainability requirements” include:
- Protection of arid regions and sustainable use of water
- Sustainable land use
- Protection against forced resettlement
- Protection of biodiversity
- Set-up of environmental management systems
- Promotion of local value creation and gender equality
- Adherence to international labor and social standards
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 and will always demonstrate our commitment to promoting environmental protection and addressing climate change.