Reporting – Bank of Nova Scotia (2015 – 2016)

Adoption Date:25 September 2006
Country of Headquarters:Canada
Region of Headquarters:North America
Institutional Reporting Hyperlink:http://www.scotiabank.com/corp/downloads/EN_2016_GRI_Report.pdf
Current EPFI Reporting Year/Period:1 November 2015 - 31 October 2016
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: 7

SectorTotal
Sub Total7
Mining
Infrastructure6
Oil & Gas1
Power
Others

RegionTotal
Sub Total7
Americas7
Europe, Middle East & Africa
Asia Pacific

PROJECT FINANCE TRANSACTIONS

Total number that reached financial close in the reporting period: 4

Totals022
Totals22
SectorCategory ACategory BCategory C
Mining
Infrastructure12
Oil & Gas
Power1
Others
RegionCategory ACategory BCategory C
Americas12
Europe, Middle East & Africa
Asia Pacific1
Country DesignationCategory ACategory BCategory C
Designated112
Non-Designated1
Independent ReviewCategory ACategory BCategory C
Yes22
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: https://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
1Valley Line Light Rail Transit, Edmonton - Stage 1InfrastructureCanada2016
2Capital Metro Light Rail Transit, CanberraInfrastructureAustralia2016
3Gas Natural Atlantico - Transmission LinePowerPanama2016
4Southwest Calgary Ring RoadInfrastructureCanada2016

PROJECT-RELATED CORPORATE LOANS

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

IMPLEMENTATION OF THE EQUATOR PRINCIPLES

Scotiabank has a robust set of tools and guidance documents to help ensure that banking and credit officers leading project finance transactions have the necessary information to meet Equator Principles requirements. The credit unit and senior management provide oversight on transactions. Two dedicated environmental and social risk managers are available to the deal team to provide advice and counsel when necessary. While separate environmental and social risk management procedures exist for non-Equator Principles loans, banking officers are encouraged to complete Equator Principles-style due diligence for all project finance transactions (and not just those to which the Equator Principles are deemed to apply).

Further detail is available at: http://www.scotiabank.com/corp/downloads/EN_2016_GRI_Report.pdf