ABN Amro (2024)
| Signing Date | 03 Aug 2009 |
| Region of Headquarters: | Europe |
| Current EPFI Reporting Year/Period: | 2024 |
| Institutional Reporting: | No Report Available |
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the EP website.
Further information on this EPFI may be obtained through the Institutional Reporting hyperlink.
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: 17
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | |||
| Power | 7 | 1 | |
| Others | 1 | 6 | 2 |
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | 1 | 13 | 3 |
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | 1 | 13 | 3 |
| Non Designated Country | |||
| Both | |||
| Independent Review | |||
| Yes | 1 | 11 | 3 |
| No | 2 | ||
| Totals | 1 | 13 | 3 |
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
Category B – Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
Designated 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.
Project-related Refinance & Project-related Acquisition For Project Finance
Total number that reached Financial Close in the reporting period: 0
Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | H2 Green Steel / Stegra | Others | Sweden | 2024 |
| 2 | Verkor | Others | France | 2024 |
| 3 | Eliso | Power | Germany | 2024 |
| 4 | DUB1X | Others | Ireland | 2024 |
| 5 | Project 51 | Others | United Kingdom | 2024 |
| 6 | Project 52 | Others | United Kingdom | 2024 |
| 7 | SFP Group | Others | Netherlands | 2024 |
| 8 | Zonnepark Wijkersloot | Power | Netherlands | 2024 |
| 9 | Dispatch Grid Services | Power | Netherlands | 2024 |
| 10 | Multi country total IPP financing of BNZ | Power | Spain, Italy, Portugal | 2024 |
| 11 | Baltic Eagle | Power | Germany | 2024 |
| 12 | Project Sparkle | Power | France | 2024 |
| 13 | Recurrent Energy debt financing | Power | Spain, Germany, United Kingdom, France, Italy | 2024 |
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 4
Under EP4, project name reporting is required for Project Finance transactions that have reached Financial Close and encouraged for Project-Related Corporate Loans that have reached Financial Close.
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Implementation of the Equator Principles
As a signatory to the Equator Principles, ABN AMRO is committed to integrating the Equator Principles into its environmental and social policies, credit procedures, and standards for financing projects. As a signatory the Bank aims to ensure that all transactions in scope adhere to these principles.
To facilitate implementation of this commitment, ABN AMRO has developed a Sustainability Risk Standard for Project Finance. This standard outlines the sustainability requirements for the Bank’s project related finance activities, ensuring alignment with both the Bank’s existing Sustainability Risk Management Framework and the Equator Principles. Key components of this standard include an overview of the Equator Principles, the specific E&S requirements for project related finance, and the risk governance for project finance.
As part of this commitment, ABN AMRO carefully examines all transactions that are subject to the Equator Principles, and will not provide Project Finance or Project-Related Corporate Loans to projects where the client will not, or is unable to comply with the Equator Principles.
Furthermore, ABN AMRO’s sustainability risk management process assigns roles and responsibilities based on the file’s sustainability risk level—categorized as low, medium, or high (or category C, B or A in terms of Equator Principles). This assignment is structured across different lines of defence to manage and mitigate environmental and social risks in project finance transactions.
- Business Line – 1st Line of Defence: This team leads the origination of Project Finance transactions and maintain client contact.
- Sustainability Expertise Team – 1st Line of Defence: This specialized ESG team is responsible for determining and assessing environmental and social risk, implementing mitigation measures, and monitoring and reporting on all the projects within the scope of the Equator Principles, including Categories A, B and C.
- Credit Risk Sustainability – 2nd Line of Defence: This team provides oversight following the four-eye principle, reviewing and approving the environmental and social impacts for Category A high-risk transactions and clients classified as high-risk under our Inherent Sustainability Risk Sector Classification.
As part of ABN AMRO’s environmental and social risk management framework, all Equator Principles assessments are incorporated into the credit decision-making processes. Senior management, represented in various committees, supervises adherence to these procedures, ensuring an additional layer of accountability.
A summarized public version of the Sustainability Risk Standard for Project Finance can be found here: Summary – Sustainability Risk Standard for Project Finance.
An annual overview of all our transactions that were in scope of the Equator Principles and have reached financial close can be found on the website of the Equator Principles.