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Chongqing Rural Commercial Bank (2022)
| Signing Date | 27 Feb 2020 |
| 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: 2
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | |||
| Power | |||
| Others | 2 | ||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | |||
| Asia Pacific | 2 | ||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 2 | ||
| Both | |||
| Independent Review | |||
| Yes | |||
| No | 2 | ||
| 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.
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: 2
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 signed the Equator Principles in February 2020，applying them to assess，mitigate， manage，and monitor environmental and social risks in project related financing. And the “Equator Principles Management Measures for Chongqing Rural Commercial Bank” has been formulated as a supplementary basis for the review of project financing environment and social risks within the bank.
Our bank has developed a dedicated green credit management system that combines the management process of the Equator Principles with our existing credit and risk management policies and processes，improving the standardized management level of Equator projects，and conducting environmental and social risk assessments for projects required by the Equator Principles；At the same time，our bank has conducted green finance training，further enhancing the awareness of green development among all employees.
The environmental and social risk classification of the EP project is the responsibility of professionals in our green finance department. For projects with Class A environmental and social risks, as well as some Class B projects，we will hire independent environmental and social companies to assist in due diligence assessment and full process management.