Bank of Jiangsu (2019)

Adoption Date: 20 Jan 2017
Country of Headquarters: China
Region of Headquarters: Asia-Oceania
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 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: 2

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure 2
Oil & Gas
Power
Others
Region
Americas
Europe, Middle East & Africa
Asia Pacific 2
Country Designation
Designated Country4
Non Designated Country 2
Independent Review
Yes 2
No
Totals 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. See list of Designated Countries.

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 Country(s) Year of Financial Close
1 Industrial Solid Waste Comprehensive Utilization and Disposal Project Infrastructure China 2019
2 Yangzhou Domestic Waste Incineration and Electricity Generation Project Infrastructure China 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

1.Improvement of Environmental and Social Risk Management System
Since the adoption of the EP, BOJS has been devoted to constantly improving the environmental and social risk management system. In 2019, the Bank launched the environmental and social risk management system consulting project, completed the bidding process, and defined the content of the consultation.

2.Enhancement of Industry Research
In 2019, the Bank conducted research on food waste treatment industry, sludge disposal industry and other industries, analyzed industry characteristics, industrial policies and market opportunities, accordingly issued industry marketing guidelines.

3.Innovation of Financial Products
To enhance the supply capacity of green financial services, the Bank has undertaken the followings:
(1)Innovated and provided Soil Remediation Loan;
(2)Increase the amount of risk sharing of Environmental Protection Loan;
(3)Optimized the product structure of Green Innovation Investment, upgraded to Green Innovation Portfolio Loan, meanwhile extended the applicable area of the product from Jiangsu Province to the whole country.

4.External Cooperation
To continuously improve the professional level of green finance, the Bank has strengthened the cooperation and communication with other institutions:
(1)Cooperated with the Jiangsu Provincial Department of Ecology and Environment to carry out research on risk sharing of environmental protection special funds and discount interest policy of loans;
(2)Cooperated with China Clean Development Mechanism Fund Management Center and Jiangsu Provincial Department of Finance to explore business models of products addressing climate change, such as green and low-carbon development, energy conservation and emission reduction;
(3)Cooperated with the Central University of Finance and Economics to conduct research on environmental stress test and enterprise ESG rating;
(4)Established a long-term communication mechanism and signed strategic cooperation agreement with Guangzhou Carbon Emission Exchange;
(5)Cooperated with China Building Energy Conservation Association to carry out research on the industry of green building transformation, participated in drafting and issuing “guidelines on investment and financing of existing buildings green transformation”.
(6)Participated in the 2019 International Conference on New Technologies of Ecological Environment, undertook the carbon neutralization project of the conference, and received the award for the low-carbon contribution from the Vice Minister of the National Ministry of Ecological Environment.

5. Development of Green Finance
By the end of 2019, the Bank’s green credit balance was 85.959 billion yuan, with an increase of 6.383 billion yuan over the year 2019.