Banco Santander S.A. (2022)

Adoption Date: 30 Apr 2009
Region of Headquarters: Europe
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 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: 36

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure 3 1
Oil & Gas 1
Power 3 21 6
Others 1
Region
Americas 2 4 2
Europe, Middle East & Africa 1 20 5
Asia Pacific 2
Country Designation
Designated Country 4 5 22 6
Non Designated Country 2 1
Both
Independent Review
Yes 5 24 4
No 3
Totals 5 24 7
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.

Project-related Refinance & Project-related Acquisition For Project Finance

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

Sector
Mining
Infrastructure 1
Oil & Gas 1
Power
Others
Sub-Total 2
Region
Americas 2
Europe, Middle East & Africa
Asia Pacific
Sub-Total 2
Country Designation
Designated Country 1
Non Designated Country 1
Both
Sub-Total 2

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 MACINTYRE Power Australia 2022
2 INEOS Others Belgium 2022
3 HOSPITAL ALBERT EINSTEIN Infrastructure Brazil 2022
4 EOLIENNES FLOTT Power France 2022
5 SOTRA LINK Infrastructure Norway 2022
6 EDPR windfarm projects Power Poland 2022
7 GUAM UKUDU Power Guam 2022
8 Project Valpaços Power Portugal 2022
9 Scala Data Centers Infrastructure Brazil 2022
10 Project Green 3 Power Poland 2022
11 Mitikah Infrastructure Mexico 2022

Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 27

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

Project-Related Corporate Loans

Total number that reached Financial Close in the reporting period: 7

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure 3 1
Oil & Gas
Power 1
Others 1 1
Region
Americas
Europe, Middle East & Africa 3 2 1
Asia Pacific 1
Country Designation
Designated Country 4 1
Non Designated Country 3 3
Both
Independent Review
Yes 3 3
No 1
Totals 3 3 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.

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)

No. Project Name Sector Country(s) Year of Financial Close
1 Project Link: Ankara – Izmir High Speed Railway Project Infrastructure Turkey 2022
2 Green Line High-Speed Railway Infrastructure Egypt 2022
3 VERKOR R&D development center Others France 2022
4 AL QAMRA REAL ESTATE Infrastructure Qatar 2022
5 Solar electrification of rural Angola Power Angola 2022
6 Morava Corridor Construction Infrastructure Serbia 2022
7 PT HLI GREEN POWER Others Indonesia 2022

Implementation of the Equator Principles

Grupo Santander has an internal procedure that establishes the process for the Management of Environmental and Social (E&S) Risks in transactions related to projects. This procedure guides the application of the Equator Principles (EP).

The assessment of transactions that potentially require application of EP starts with a Preliminary Assessment conducted by Front Office. The Environmental, Social and Climate Change (ESCC) Risk Global function sits at Santander Corporate and Investment Banking (CIB), reporting directly to Global Head of CIB Risk. ESCC Risk oversees Front Office´s Preliminary Assessment; also providing training and ad-hoc support to Front Office. Based on the conclusions of the Preliminary Assessment, an E&S risk review is conducted for applicable transactions, according to the following guidelines:

For Category C projects, the Preliminary Assessment is considered sufficient.

For Category B projects in designated countries, Front Office is required to complete a Due Diligence Questionnaire, which includes the results of the E&S risk analysis. ESCC Risk function provides guidance during the process.

For Category A and Category B projects that include any potentially high-risk factor or are located in non-designated countries, ESCC Risk leads the E&S Due Diligence process and prepares an E&S risk analysis report.

The conclusions of the E&S risk analysis for the transactions are included in the credit application package through which Risk Admission Committees are informed and a decision is taken.

Other E&S related policies, procedures and standards are also applicable in the decisions to provide project finance or project-related corporate loans.

For further information please refer to:

Santander´s Environmental, Social and Climate Change Risk Policy

https://www.santander.com/content/dam/santander-com/en/contenido-paginas/nuestro-compromiso/pol%C3%ADticas/do-environmental-social-and-climate-change-risk-policy-en.pdf

Santander´s Information on the Integration Policies of Sustainability Risks

https://www.santander.com/content/dam/santander-com/en/contenido-paginas/nuestro-compromiso/pol%C3%ADticas/do-informative-note-on-sfdr.pdf

Santander´s Responsible Banking and Sustainability Policy

https://www.santander.com/content/dam/santander-com/en/contenido-paginas/nuestro-compromiso/pol%C3%ADticas/do-responsible-banking-and-sustainability-policy-en.pdf

Santander´s Climate Finance Report 2022-June 2023

https://www.santander.com/content/dam/santander-com/es/documentos/informe-anual-de-sostenibilidad/2022/ias-2022-climate-finance-2022-es.pdf

Santander´s Annual Report 2022

https://www.santander.com/content/dam/santander-com/en/documentos/informe-financiero-anual/2022/ifa-2022-consolidated-annual-financial-report-en.pdf