Australia and New Zealand Banking Group Limited (ANZ) (1 Oct 2020 to 30 Sep 2021)

Adoption Date: 15 Dec 2006
Country of Headquarters: Australia
Region of Headquarters: Asia-Oceania
Current EPFI Reporting Year/Period: 1 Oct 2020 to 30 Sep 2021
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 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: 3

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure
Oil & Gas
Power 3
Others
Region
Americas
Europe, Middle East & Africa
Asia Pacific 3
Country Designation
Designated Country4 3
Non Designated Country
Independent Review
Yes 3
No
Totals 3
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 Gunnedah Solar Farm Power Australia 2021
2 Suntop Solar Farm Power Australia 2021
3 Rye Park Wind Farm Power Australia 2021

Project-Related Corporate Loans

Total number that reached Financial Close in the reporting period: 2

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure 1
Oil & Gas 1
Power
Others
Region
Americas
Europe, Middle East & Africa
Asia Pacific 1 1
Country Designation
Designated Country4 1 1
Non Designated Country
Independent Review
Yes 1 1
No
Totals 1 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

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-related Corporate Loans (And Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans)

Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 2

Under EP4, project name reporting is encouraged for Project-Related Corporate Loans that have reached Financial Close and required for Project Finance transactions that have reached Financial Close.

EP4 applies for those transactions mandated after 1 October 2020 and that have reached Financial Close by the end of the period being reported.

Implementation of the Equator Principles

As a signatory since 2006, we have fully integrated compliance with the Equator Principles into our policies and processes. Implementation is a joint responsibility of our relationship managers, credit officers and specialist Equator Principles resources, with advice from qualified independent consultants as required. We apply the Equator Principles globally across industry sectors to our project finance advisory services, project finance, project-related corporate loans, project-related refinancing and acquisition finance, and bridge loans. We will not provide finance to projects where the customer will not, or is unable to, comply with the Equator Principles.

About the Equator Principles

The Equator Principles (EP) is a risk management framework for determining, assessing and managing social and environmental risks in major projects such as mines, windfarms and pipelines. The EP provides a minimum standard for due diligence and monitoring to support responsible decision-making across the following financial products: advisory services, project finance, project-related corporate loans, project-related refinancing and acquisition finance, and project-related bridge loans.

We regard the EP as complementary to our sensitive sector requirements and our Social and Environmental Risk Policy.

What the Equator Principles require

Projects assessed as being within the scope are evaluated against the Equator Principles, including against comprehensive international performance standards (“IFC performance standards”) on issues such as labour and working conditions, natural resource management, pollution prevention, impacts on Indigenous people, community health and safety and cross-cutting themes such as gender and human rights.

Projects with a high social or environmental impact are required to consult with local communities about concerns those communities may have. Following consultation they must then prepare a management and monitoring plan describing the actions needed to adequately mitigate the social and environmental risks of the project.

We are required under the Equator Principles to ensure these steps are carried out in collaboration with our customers.

The Principles do not prescribe for a bank what projects it should be involved in and those it should avoid, but rather ensure the bank makes an informed decision, by requiring a thorough analysis of potential social and environmental impacts.

We provide further details on our application of the Equator Principles in our ESG reporting.