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Bank of Huzhou (2022)
| Signing Date | 24 Jul 2019 |
| Region of Headquarters: | Asia-Oceania |
| Current EPFI Reporting Year/Period: | 2022 |
| 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: 1
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 1 | ||
| Oil & Gas | |||
| Power | |||
| Others | |||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | |||
| Asia Pacific | 1 | ||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 1 | ||
| Both | |||
| Independent Review | |||
| Yes | |||
| No | 1 | ||
| 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.
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 | The overall relocation project of printing and dyeing processing | Infrastructure | China | 2022 |
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
Bank of Huzhou became a signatory of the Equator Principles in July 2019, using the Equator Principles standards to assess, mitigate, manage, and monitor environmental and social risks in relevant project finance.
The Bank established a Green Finance Committee to review issues related to sustainable development and significant environmental risk management. It also set up a first-level department for green finance to coordinate the environmental and social risk management work. The bank developed a green credit management system, which can intelligently identify Equator Principles projects and automatically classify and forewarning manage environmental and social risks. In addition, the bank launched an ESG rating model for credit customers to assess environmental (E), social (S), and governance (G) risks for potential transactions.
In 2022, Bank of Huzhou mainly conducted the following measures in environmental and social risk management:
Firstly, it upgraded the green credit management system to enhance the full-process management of environmental and social risks, as well as the automatic identification and forewarning functions.
Secondly, the Bank participated in training on sustainable blue economy finance and climate change management organized by the United Nations Environment Programme Finance Initiative (UNEP FI).
Thirdly, the Bank organized a series of online and offline training for account managers, credit reviewers, and risk management personnel on environmental and social risk.
The classification of environmental and social risks for Equator Principles projects is undertaken by professionals from the Green Finance Department. For projects with environmental and social risks classified as Class A and for a part of Class B projects, independent environmental and social impact evaluation companies will be hired to assist with due diligence evaluation and full-process management.