Bank of America Corporation (2020)

Adoption Date: 15 Apr 2004
Country of Headquarters: United States
Region of Headquarters: North America
Current EPFI Reporting Year/Period: 2020
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: 0

Project-Related Refinance & Acquisition for Project Finance

Not applicable for this period.

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-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 1
Europe, Middle East & Africa
Asia Pacific
Country Designation
Designated Country4 1
Non Designated Country
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 & Acquisition for Project-Related Corporate Loans

Not applicable for this period.

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 diligence on Equator Principle transactions begins with front line business units which are responsible for adherence to credit and risk management policy, including applicability and adherence to the Equator Principles. Further input and support is provided by Risk Management, 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.