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Bank of America Corporation (2023)
| Signing Date | 15 Apr 2004 |
| Region of Headquarters: | North America |
| Current EPFI Reporting Year/Period: | 2023 |
| Institutional Reporting: | No Report Available |
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: 31
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 1 | ||
| Oil & Gas | 1 | 1 | |
| Power | 21 | 7 | |
| Others | |||
| Region | |||
| Americas | 2 | 21 | 8 |
| Europe, Middle East & Africa | |||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | 2 | 21 | 8 |
| Non Designated Country | |||
| Both | |||
| Independent Review | |||
| Yes | 2 | 18 | 7 |
| No | 3 | 1 | |
| Totals | 2 | 21 | 8 |
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 | Port Arthur LNG | Oil & Gas | United States | 2023 |
| 2 | Cenergy -- Whiskey Acres | Power | United States | 2023 |
| 3 | Corona Norco Phase I -- Centennial High School | Power | United States | 2023 |
| 4 | Solops -- OR | Power | United States | 2023 |
| 5 | Solops -- TX | Power | United States | 2023 |
| 6 | Active Solar Sunnyside 1 | Power | United States | 2023 |
| 7 | Active Solar Sunnyside 2 | Power | United States | 2023 |
| 8 | Carrabassett Solar | Power | United States | 2023 |
| 9 | Cenergy -- Pulk | Power | United States | 2023 |
| 10 | Cenergy -- Waterville | Power | United States | 2023 |
| 11 | Cenergy -- Wiscasset | Power | United States | 2023 |
| 12 | CEP BEMS NJ -- East | Power | United States | 2023 |
| 13 | CEP BEMS NJ -- West | Power | United States | 2023 |
| 14 | EDF Maine -- Bristol | Power | United States | 2023 |
| 15 | EDF Maine -- Embden | Power | United States | 2023 |
| 16 | EDF Maine -- Woolwich | Power | United States | 2023 |
| 17 | ELP -- Claverack | Power | United States | 2023 |
| 18 | Front St. | Power | United States | 2023 |
| 19 | Huggard Ave | Power | United States | 2023 |
| 20 | Brookdale Community College-- Lincroft | Power | United States | 2023 |
| 21 | Los Alamitos SD | Power | United States | 2023 |
| 22 | Penobscot/Novel | Power | United States | 2023 |
| 23 | Anaheim UHSD | Power | United States | 2023 |
| 24 | City of Long Beach (Solar Carport) | Power | United States | 2023 |
| 25 | Alhambra USD | Power | United States | 2023 |
| 26 | ABC Unified School District | Power | United States | 2023 |
| 27 | Codelco Water Supply Project | Infrastructure | Chile | 2023 |
| 28 | Long Lake | Power | United States | 2023 |
| 29 | Honeysuckle Solar | Power | United States | 2023 |
| 30 | Prairie Ronde Solar | Power | United States | 2023 |
| 31 | Linden Renewable Energy Project | Oil & Gas | United States | 2023 |
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 5
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | |||
| Power | 2 | ||
| Others | 3 | ||
| Region | |||
| Americas | 3 | 2 | |
| Europe, Middle East & Africa | |||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | 3 | 2 | |
| Non Designated Country | |||
| Both | |||
| Independent Review | |||
| Yes | 3 | ||
| No | 2 | ||
| Totals | 3 | 2 | |
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 | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Alabama Battery Plant | Others | United States | 2023 |
| 2 | Savannah EP Plan | Others | United States | 2023 |
| 3 | Savannah Power Electric System | Others | United States | 2023 |
| 4 | Superstition Energy Storage | Power | United States | 2023 |
| 5 | Sierra Estrella Energy Storage | Power | United States | 2023 |
Implementation of the Equator Principles
• The mandate of the Equator Principles Reviewers (e.g., responsibilities and staffing)
The Equator Principles Reviewers are responsible for reviewing transaction details, evaluating the category of risk and requirements, and ensuring conformance with the Equator Principles.
• The respective roles of the Equator Principles Reviewers, business lines, and senior management in the transaction review process
The business lines identify if a proposed transaction may be subject to Equator Principles by cross-referencing policies and procedures and consulting with subject matter experts and teams focused on the Equator Principles. When a transaction is subject to the Equator Principles, enhanced due diligence is conducted by individuals with subject matter expertise and a range of stakeholder perspectives to evaluate conformance with the Equator Principles. This enhanced due diligence is conducted before the transaction can proceed toward final approval by senior management.
• The incorporation of the Equator Principles in its credit and risk management policies and procedures
Requirements associated with projects subject to the Equator Principles are incorporated into our internal credit risk policies and practices, requiring enhanced due diligence for project finance transactions that meet the relevant parameters outlined in the Equator Principles, based on project type/categorization. By following the Equator Principles, we seek to ensure financing for projects is conducted in a manner that is socially responsible and reflective of sound environmental management practices.