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Bank of America Corporation (2019)
| Signing Date | 15 Apr 2004 |
| Region of Headquarters: | North America |
| Current EPFI Reporting Year/Period: | 2019 |
| 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: 2
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | 1 | 1 | |
| Power | |||
| Others | |||
| Region | |||
| Americas | 1 | 1 | |
| Europe, Middle East & Africa | |||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 1 | 1 | |
| Both | |||
| 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.
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 | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Sabine Pass Liquefaction | Oil & Gas | United States | 2019 |
| 2 | Venture Global Calcasieu Pass | Oil & Gas | United States | 2019 |
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
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.
Implementation of the Equator Principles
Equator Principle implementation is required by internal bank policy and is additionally referenced in external public policies. The related internal policies cover all business units and support groups within the bank. Due dilligence on Equator Principle transactions begins with front line business units which are responsible for adherance to credit and risk management policy, including applicability and adherance to the Equator Principles. Further input and support is provided by Risk Managmeent, business line heads, and subject matter experts on ESG related issues and the Equator Principles. Two senior level subject matter experts are focused on risk management and oversight related to implementation and specific transaction review process under the Equator Principles.
Further information on Bank of America’s implementation of the EP can be found here.