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Bank of Jiangsu (2022)
| Signing Date | 20 Jan 2017 |
| Region of Headquarters: | Asia-Oceania |
| Current EPFI Reporting Year/Period: | 2022 |
| 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: 14
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 2 | ||
| Oil & Gas | |||
| Power | |||
| Others | 8 | 4 | |
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | |||
| Asia Pacific | 8 | 6 | |
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 8 | 6 | |
| Both | |||
| Independent Review | |||
| Yes | |||
| No | 8 | 6 | |
| Totals | 8 | 6 | |
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 | Manufacturing project of 2GW crystalline silicon solar cell | Others | China | 2022 |
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 13
Under EP4, project name reporting is required for Project Finance transactions that have reached Financial Close and encouraged for Project-Related Corporate Loans that have reached Financial Close.
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
The Bank has established a relatively comprehensive environmental and social risk management system. As early as 2013, the Bank issued the Measures for Management of Environmental and Social Risks of Bank of Jiangsu (on Trial), becoming one of the early financial institutions in the domestic banking industry to formulate relevant institutional norms. After eight years of practice, we revised our environmental and social risk management policy again and issued a new version of the Measures for Management of Environmental and Social Risks of Bank of Jiangsu (Revised in 2021), indicating the overall formation of an environmental and social risk management system of Bank of Jiangsu.
The bank has taken advantage of the first equator bank among urban commercial banks to develop an intelligent identification and recognition function for eps projects, realized automatic determination of equator principle projects and automatic classification of social and environmental risks, optimized the integration with core business processes, and improved the efficiency of EP project management.
In the whole process of due diligence, credit review, fund granting, post-loan and post-investment management, the Bank clarifies the key points of environmental and social risk management and compliance review list, and urges customers to strengthen environmental and social risk management by improving contract terms, having realized the full-process social and environmental risk management of “pre-lending risk identification, in-lending risk assessment and mitigation, and post-lending risk monitoring and control”.
For medium and high-risk projects, the bank engages professional third-party organizations to conduct environmental and social risk assessments and develop corresponding action plans;
and for overseas projects, the bank follows relevant international practices and guidelines.