Chongqing Rural Commercial Bank (2021)

Adoption Date: 27 Feb 2020
Country of Headquarters: China
Region of Headquarters: Asia-Oceania
Current EPFI Reporting Year/Period: 2021
Institutional Reporting: No Report Available

 

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: 1

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure
Oil & Gas
Power
Others 1
Region
Americas
Europe, Middle East & Africa
Asia Pacific 1
Country Designation
Designated Country4 1
Non Designated Country
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. 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)

Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 1

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

Chongqing Rural Commercial Bank became a signatory of the Equator Principles in February 2020 , applying the Equator Principles to assess, mitigate, manage and monitor environmental and social risks in the financing of applicable projects.

We have developed a special green credit management system, combined the Equator Principles management process with our original credit and risk management policies and processes, improved the standardized management level of Equator Project, and carried out environmental and social risk assessment on projects required by Equator Principles; At the same time, for other corporate financing projects, according to the Equator Principles’ environmental and social risk management methods, we have established a simplified environmental and social risk management process based on our own customer and asset structure characteristics.

The environmental and social risk classification of EP project is in the charge of professionals from our green finance department. For projects with Class A environmental and social risks and some Class B projects, we will hire independent environmental and social companies to assist in due diligence assessment and whole process management.