This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Absa Group Limited (2022)
| Adoption Date: | 22 Oct 2009 |
| Country of Headquarters: | South Africa |
| Region of Headquarters: | Middle East & Africa |
| Current EPFI Reporting Year/Period: | 2022 |
| Institutional Reporting: | Link to Report |
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.
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: 4
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | |||
| Power | 4 | ||
| Others | |||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | 4 | ||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 4 | ||
| Both | |||
| Independent Review | |||
| Yes | 4 | ||
| No | |||
| Totals | 4 | ||
1
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
2
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.
3
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
4
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. See list of Designated Countries.
Project-related Refinance & Project-related Acquisition For Project Finance
This information is required under EP4. EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.
Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)
| No. | Project Name | Sector | Country(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Phezukomoya Wind Power | Power | South Africa | 2022 |
| 2 | San Kraal Wind Power | Power | South Africa | 2022 |
| 3 | Lichtenburg 2 Solar PV | Power | South Africa | 2022 |
| 4 | Lichtenburg 3 Solar PV | Power | South Africa | 2022 |
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 | 1 | ||
| Power | |||
| Others | |||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | 1 | ||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 1 | ||
| Both | |||
| Independent Review | |||
| Yes | 1 | ||
| No | |||
| Totals | 1 | ||
1
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
2
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.
3
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
4
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. See list of Designated Countries.
Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans
Total number that reached Financial Close in the reporting period: 1
| Sector | |
|---|---|
| Mining | |
| Infrastructure | |
| Oil & Gas | |
| Power | 1 |
| Others | |
| Sub-Total | 1 |
| Region | |
|---|---|
| Americas | |
| Europe, Middle East & Africa | 1 |
| Asia Pacific | |
| Sub-Total | 1 |
| Country Designation | |
|---|---|
| Designated Country | |
| Non Designated Country | 1 |
| Both | |
| Sub-Total | 1 |
Project Name Reporting For Project-related Corporate Loans (And Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans)
| No. | Project Name | Sector | Country(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Project Panther | Oil & Gas | Nigeria | 2022 |
| 2 | Ghana Energy Holdings | Power | Ghana | 2022 |
Implementation of the Equator Principles
Absa Group´s EP implementation reporting is provided at: https://www.absa.africa/wp-content/uploads/2023/04/2022-Absa-Group-Limited-Environmental-Social-and-Governance-Report.pdf (p.99-100)