Absa Group Limited (2024)
| Signing Date | 22 Oct 2009 |
| Region of Headquarters: | Middle East & Africa |
| Current EPFI Reporting Year/Period: | 2024 |
| Institutional Reporting: | Link to 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: 14
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | 1 | ||
| Infrastructure | |||
| Oil & Gas | |||
| Power | 13 | ||
| Others | |||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | 1 | 13 | |
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 1 | 13 | |
| Both | |||
| Independent Review | |||
| Yes | 1 | 13 | |
| No | |||
| Totals | 1 | 13 | |
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 | Hartebeesthoek wind farm | Power | South Africa | 2024 |
| 2 | Mooi Plats solar PV plant | Power | South Africa | 2024 |
| 3 | Umsobomvu wind farm | Power | South Africa | 2024 |
| 4 | Oasis Mookodi BESF | Power | South Africa | 2024 |
| 5 | Oasis Aggeneis BESF | Power | South Africa | 2024 |
| 6 | Oasis Nieuwehoop BESF | Power | South Africa | 2024 |
| 7 | De Aar 2 South Wind Energy Facility | Power | South Africa | 2024 |
| 8 | Paarde Valley PV2 Solar Energy Facility | Power | South Africa | 2024 |
| 9 | “Ukuqala Solar” PV generation facility | Power | South Africa | 2024 |
| 10 | Impofu East Wind Project | Power | South Africa | 2024 |
| 11 | Impofu North Wind Project | Power | South Africa | 2024 |
| 12 | Impofu West Wind Project | Power | South Africa | 2024 |
| 13 | Sonvanger Solar Photovoltaic (PV) Project | Power | South Africa | 2024 |
| 14 | Platreef | Mining | South Africa | 2024 |
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 4
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | 3 | ||
| Infrastructure | 1 | ||
| Oil & Gas | |||
| Power | |||
| 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 | ||
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 | MCWAP-2A | Infrastructure | South Africa | 2024 |
| 2 | Merensky Project | Mining | South Africa | 2024 |
| 3 | Gamsberg Project Phase II | Mining | South Africa | 2024 |
| 4 | Kamoa | Mining | Congo, Dem. Rep | 2024 |
Implementation of the Equator Principles
Absa Group´s EP Implementation Reporting is provided pages 101 to 107 of their Sustainability and Climate Report, available at: https://www.absa.africa/wp-content/uploads/2025/04/Absa-Group-Limited-Sustainability-and-Climate-Report.pdf. Pg 106 commentary amendment: In 2024, 14 project finance deals and 4 project-related corporate loans successfully reached financial close (as included in the EP table on page 107).