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CIFI (Corporación Interamericana Para El Financiamiento de Infraestructura S.A.) (2023)
| Signing Date | 06 Apr 2007 |
| Region of Headquarters: | Latin America |
| Current EPFI Reporting Year/Period: | 2023 |
| 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: 3
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | |||
| Power | 3 | ||
| Others | |||
| Region | |||
| Americas | 3 | ||
| Europe, Middle East & Africa | |||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 3 | ||
| Both | |||
| Independent Review | |||
| Yes | 3 | ||
| No | |||
| Totals | 3 | ||
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 | SIBA | Power | Dominican Republic | 2023 |
| 2 | Monte Plata | Power | Dominican Republic | 2023 |
| 3 | AXS | Power | Brazil | 2023 |
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
CIFI’s commitment to sustainability has grown significantly over the years to become part of our business model, which has embedded an ESG risk management framework that allows us to identify, assess, and manage environmental, social risks and impacts associated with our finance projects.
Impact and Risk management encloses prevention, mitigation, and adaptation measures deploying our strong strategy to tackle impacts affecting climate change, poverty, equality, decent work, and economic and social growth. We also promote the best practices and technology to lead responsible financing that reduces waste and pollution, protects biodiversity, and encourages sustainable use of natural resources.
CIFI is committed to identifying and minimizing potential environmental and social risk and impacts in its lending; striving for positive development through effective and comprehensive environmental and social risk assessment, monitoring and supervision efforts; carrying out a thorough due diligence of its direct investments to avoid or minimize negative impacts to people and the environment; not providing financing to any project or company whose primarily business activities are listed in our Exclusion List; securing resources to maintain our Environmental and Social Managing System as well as improving its overall environmental and social performance; and communicating our environmental and social expectation to all our staff, clients, and other external stakeholders. Our commitment to sustainability goes beyond ESG Risk management, aiming to become a transformational agent of change fostering long-term positive impacts to all stakeholders.
Our environmental and social mission is to add value to projects, while ensuring consistency with CIFI’s environmental and social requirements. Throughout every project, we focus on relevant environmental, social, and governance aspects to thoroughly manage risks, ensuring sustainable development from our financing, and creating a positive impact in a critical world-wide momentum that demands transformational changes in the financial world.
Consequently, the environmental and social global responsibility thrives us to promote equivalent accountability in our clients to respect and foster actions regarding our ESG Policies and Position Statements.
Recognizing that private sector investment is critical to fostering sustainable development, CIFI pursues investment practices that respond to high international standards of environmental and social sustainability. We promote sustainable corporate governance and work with our clients to help them adopt good practices that meet internationally recognized standards.
CIFI’s goals are achieved mainly through the use of our Environmental and Social Management System (ESMS), which includes the International Finance Corporation’s Performance Standards on Social and Environmental Sustainability (2012) and the Equator Principles (EP IV 2020). In addition, CIFI may use other equivalent international best practices or international environmental and social standards.
Our robust ESMS is fully integrated into the investment cycle (identification, screening, and approval (or rejection) of transactions). To contribute to an overall effective ESMS performance, the Responsibilities for ESMS oversight and implementation are integrated within CIFI in four main teams: Business Development and Structuring Team, E&S Team, Portfolio Team, and Senior Management, while the Legal Team provides support to the four teams as needed.