Shinhan Bank (2025)
| Signing Date | 09 Sep 2020 |
| Region of Headquarters: | Asia-Oceania |
| Current EPFI Reporting Year/Period: | 2025 |
| Institutional Reporting: | Link to Report - Link to Additional Report |
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: 25
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | |||
| Power | 2 | ||
| Others | 4 | 19 | |
| Region | |||
| Americas | 1 | ||
| Europe, Middle East & Africa | |||
| Asia Pacific | 4 | 20 | |
| Country Designation | |||
| Designated Country 4 | 3 | 20 | |
| Non Designated Country | 1 | 1 | |
| Both | |||
| Independent Review | |||
| Yes | |||
| No | 4 | 21 | |
| Totals | 4 | 21 | |
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 | Malaysia Data Center | Others | Malaysia | 2025 |
| 2 | Dangsan Office Development | Others | Korea, Rep. | 2025 |
| 3 | Gyeonggi Residential Development | Others | Korea, Rep. | 2025 |
| 4 | Changwon Residential Development | Others | Korea, Rep. | 2025 |
| 5 | Insadong Office Development | Others | Korea, Rep. | 2025 |
| 6 | Seun Office Redevelopment | Others | Korea, Rep. | 2025 |
| 7 | University BTL | Others | Korea, Rep. | 2025 |
| 8 | DMC Mixed-use Development | Others | Korea, Rep. | 2025 |
| 9 | Seoripul complex | Others | Korea, Rep. | 2025 |
| 10 | Gayangdong complex | Others | Korea, Rep. | 2025 |
| 11 | Australia Data Center | Others | Australia | 2025 |
| 12 | Singapore Data Center | Others | Singapore | 2025 |
| 13 | Paju Fuel Cell Power Plant | Others | Korea, Rep. | 2025 |
| 14 | Yeoksam Office Development | Others | Korea, Rep. | 2025 |
| 15 | U.S. Battery Energy Storage | Power | United States | 2025 |
| 16 | Pangyo Office Development | Others | Korea, Rep. | 2025 |
| 17 | Ilsan Data Center | Others | Korea, Rep. | 2025 |
| 18 | Changwon Mixed-use Development | Others | Korea, Rep. | 2025 |
| 19 | Seongsu complex | Others | Korea, Rep. | 2025 |
| 20 | Seoul Forest Office Development | Others | Korea, Rep. | 2025 |
| 21 | Cheongna complex | Others | Korea, Rep. | 2025 |
| 22 | Pangyo Office Building | Others | Korea, Rep. | 2025 |
| 23 | Guro Data Center | Others | Korea, Rep. | 2025 |
| 24 | Australia Battery Energy Storage | Power | Australia | 2025 |
| 25 | Nonhyeon complex | Others | Korea, Rep. | 2025 |
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 1
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | |||
| Power | |||
| Others | 1 | ||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | |||
| Asia Pacific | 1 | ||
| Country Designation | |||
| Designated Country 4 | 1 | ||
| Non Designated Country | |||
| Both | |||
| Independent Review | |||
| Yes | |||
| No | 1 | ||
| Totals | 1 | ||
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-related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Project Name Reporting For Project-related Corporate Loans (And Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Ori Residential Development | Others | Korea, Rep. | 2025 |
Implementation of the Equator Principles
Since becoming a signatory to the Equator Principles (EP) in 2020, Shinhan Bank has embedded the EP framework into its credit and risk management processes for project finance and project-related corporate loans.
The Bank’s “Application Manual for the Equator Principles” outlines the scope, applicability, and internal procedures for EP implementation, and the Principles are applied in practice through internal procedures such as a screening form and questionnaire.
The SDGs Planning Team and the relevant business lines work together to assess whether a transaction falls within the scope of the Equator Principles. When applicable, the business line prepares the necessary documentation, including Environmental and Social Impact Assessments (ESIAs). The SDGs Planning Team reviews and assesses environmental and social risks, providing feedback to the business lines. Some transactions are escalated to senior management by the business lines in line with internal credit procedures.
EP implementation is fully integrated into our Credit Operation Procedures, ensuring that all relevant transactions follow a consistent and mandatory review process. The application of the EPs is aligned with Shinhan Financial Group’s broader Sustainability Policy Framework.
Regular training programs are provided to relevant staff to enhance understanding of the Equator Principles, environmental and social risk assessments, and stakeholder engagement. In 2025, Shinhan Bank enhanced its internal capacity by incorporating Equator Principles training into its <Green Literacy Program>, providing employees with additional education on the Principles and their practical application in environmental and social risk management.
Further information on Shinhan´s EP Implementation is provided at: https://www.shinhan.com/en/index.jsp#300504000000