Reporting – DekaBank Deutsche Girozentrale (2015)

Adoption Date:1 March 2011
Country of Headquarters:Germany
Region of Headquarters:Europe
Institutional Reporting Hyperlink:https://www.deka.de/deka-group/sustainability/sustainable-corporate-governance/sustainability-report
Current EPFI Reporting Year/Period:2015
EPFI Reporting in Compliance:Yes

Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the Equator Principles Association website.

Further information on this EPFI may be obtained through the Institutional Reporting Hyperlink above.

PROJECT FINANCE ADVISORY SERVICES

Total number mandated in the reporting period: 0

PROJECT FINANCE TRANSACTIONS

Total number that reached financial close in the reporting period: 22

Totals0157
Totals0157
SectorCategory ACategory BCategory C
Mining
Infrastructure
Oil & Gas6
Power22
Others75
RegionCategory ACategory BCategory C
Americas11
Europe, Middle East & Africa146
Asia Pacific
Country DesignationCategory ACategory BCategory C
Designated1
Non-Designated157
Independent ReviewCategory ACategory BCategory C
Yes
No157

1Designated Countries are those countries deemed to have robust environmental and social governance, legislation systems and institutional capacity designed to protect their people and the natural environment. For the list of Designated Countries, go to: http://www.equator-principles.com/index.php/ep3/designated-countries

PROJECT NAME REPORTING FOR PROJECT FINANCE TRANSACTIONS

22 projects were not disclosed as per the disclosure conditions specified in Annex B of the Equator Principles

PROJECT-RELATED CORPORATE LOANS

Total number that reached financial close in the reporting period: 0

IMPLEMENTATION OF THE EQUATOR PRINCIPLES

DekaBank has implemented the EP on a top down concept:

1. The overall business strategy (Geschäftsstrategie),
2. Credit risk strategy (Kreditrisikostrategie), and
3. Credit Manual (Kredithandbuch).

On the project management level any and each project manager has to verify the EP requirements based on the individual Technical Advisor (“TA”) report. Classification, findings and risk mitigation has to be evaluated together with the Sustainability Department. A comment – as a must – has to be written in the first and second opinion of the credit approval and presented to the decision maker.

The process of EP evaluation:

Dekabank define’s the process and follow up for a project financing as Work in Progress (“WiP”) along the chain of sustainability added value.

WiP:

Before the Due Diligence phase started the TA is mandated to analyse the project on behalf of the debt investors; this is established within DekaBank. The mandate covers the obligation to classify the project in EP categories and to evaluate mitigation measurement. A verification takes place from Dekabank’s Sustainability Department and furnished a final statement of the project classification.

For further information please also refer to DekaBank’s sustainability report.