|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|
Reporting – DekaBank Deutsche Girozentrale (2015)
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
Totals 0 15 7
Totals 0 15 7
Sector Category A Category B Category C
Mining Infrastructure Oil & Gas 6 Power 2 2
Others 7 5
Region Category A Category B Category C
Americas 1 1
Europe, Middle East & Africa 14 6
Asia Pacific Country Designation Category A Category B Category C
Designated1 Non-Designated 15 7
Independent Review Category A Category B Category C
Yes No 15 7
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.
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.