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Bank SinoPac (2022)
| Signing Date | 27 Feb 2020 |
| 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: 7
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | |||
| Power | 7 | ||
| Others | |||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | |||
| Asia Pacific | 7 | ||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 7 | ||
| Both | |||
| Independent Review | |||
| Yes | 7 | ||
| No | |||
| Totals | 7 | ||
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)
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 7
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
- Implementation of Equator Principles adoption
Bank SinoPac’s “Corporate Credit Risk Management Division” is the dedicated unit responsible for establishing regulations relating to responsible lending and the EPs, and for planning and conducting ESG credit risk analysis. The Division continues to monitor trends in ESG risks of each industry and their impact on the Bank’s operations.
Bank SinoPac formally became a signatory to the Equator Principles (EPs) in February 2020. It established EPs related guidelines and operating procedures in 2020. Bank SinoPac announced the “Business Manual of Corporate Banking -Article 11th: The Equator Principles” within the Bank in June 2020 and smoothly transitioned to EP4, strengthening the management of human rights risks and climate change risks in the credit investigation and lending process for project financing.
- Equator Principles Education and Training
Bank SinoPac completed 2 EPs training sessions in July 2020 and provided training to a total of 380 corporate banking personnel and credit review personnel and supervisors at domestic and overseas branches and subs in China. External consultants explained EPs evaluation standards and cases to ensure that employees follow international standards when evaluating the impact of project financing on the environment and society, and require clients to take suitable risk mitigation measures according to the EPs.
Further information about Bank SinoPac’s implementation of the EPs is available at here and here.