Reporting – Nedbank Limited (2015)

Adoption Date:10 November 2005
Country of Headquarters:South Africa
Region of Headquarters:Africa
Institutional Reporting Hyperlink:https://www.nedbank.co.za/content/dam/nedbank/site-assets/AboutUs/Sustainability/Supporting%20Documents/Sustainability%20Review%20Final%2011%20March%202016.pdf
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: 6

Totals240
Totals240
SectorCategory ACategory BCategory C
Mining2
Infrastructure
Oil & Gas
Power4
Others
RegionCategory ACategory BCategory C
Americas
Europe, Middle East & Africa24
Asia Pacific
Country DesignationCategory ACategory BCategory C
Designated11
Non-Designated14
Independent ReviewCategory ACategory BCategory C
Yes24
No

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

No.Project NameSectorHost Country Name/ Project LocationYear of Financial Close
1Gahcho Kue Diamond ProjectMiningCanada2015
2Gem Diamonds Botswana - Ghaghoo ProjectMiningBotswana2015
3Karoshoek Solar One (RF) (Pty) LtdPowerSouth Africa2015
4Mulilo PrieskaPowerSouth Africa2015
5Mulilo Sonnedix Prieska PVPowerSouth Africa2015
6Xina Solar One (Pty) LtdPowerSouth Africa2015

PROJECT-RELATED CORPORATE LOANS

Total number that reached financial close in the reporting period: 1

Totals001
SectorCategory ACategory BCategory C
Mining
Infrastructure1
Oil & Gas
Power
Others
RegionCategory ACategory BCategory C
Americas
Europe, Middle East & Africa1
Asia Pacific
Country DesignationCategory ACategory BCategory C
Designated1
Non-Designated1
Independent ReviewCategory ACategory BCategory C
Yes
No1
Totals001

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

IMPLEMENTATION OF THE EQUATOR PRINCIPLES

Further information on Nedbank’s implementation of the Equator Principles can be found it in their Sustainability Review.

The EP implementation within Nedbank  falls within Nedbank Corporate Investment Banking cluster/BU. The EP procedure falls within an overall procedure for environmental and social (“E&S”) review of transactions (hereafter referred to as “SEMS Procedure”). The SEMS process does not include only Project finance styled deals but specific products. Environmental & Social assessments are initiated during the course of credit application and review cycle. By extension the EP implementation occurs via this process. Monitoring also occurs via the credit review cycle and in consideration for specific EP covenants placed within the facility /Common terms agreement.

In terms of the Equator Principles reviewers, 3 staff currently implement SEMS procedure and by extension EP implementation.

The Senior Manager (who reports directly to the CIB :Head of Enterprise Wide Risk) has responsibilities that include awareness training and development of two staff, on-going support to business and Legal teams from an environmental advisory perspective; control of budget and expenditure for environmental team; provide support to CIB marketing on negative reputational risks to the Nedbank brand; environmental enterprise wide risk management.

The first specialist monitors and reviews PF deals within Nedbank and provides training to Credit Risk and Property Finance teams within CIB, and the second specialist focuses on both the EP and client coverage deals, and providing EP and risk training within CIB Credit Risk.