CIFI (Corporacion Interamericana Para El Financiamiento de Infraestructura S.A.) (2024)
| Signing Date | 06 Apr 2007 |
| Region of Headquarters: | Latin America |
| Current EPFI Reporting Year/Period: | 2024 |
| Institutional Reporting: | Link to Report - Link to Additional 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: 3
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 2 | ||
| Oil & Gas | |||
| Power | 1 | ||
| Others | |||
| Region | |||
| Americas | 3 | ||
| Europe, Middle East & Africa | |||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | 1 | ||
| Non Designated Country | 2 | ||
| Both | |||
| Independent Review | |||
| Yes | 1 | ||
| No | 2 | ||
| Totals | 3 | ||
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
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.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
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
Total number that reached Financial Close in the reporting period: 0
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 | Cancura | Power | Chile | 2024 |
| 2 | Almacenes del Norte | Infrastructure | Peru | 2024 |
| 3 | Four Seasons Tropicalia | Infrastructure | Dominican Republic | 2024 |
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
Total number that reached Financial Close in the reporting period: 0
Implementation of the Equator Principles
CIFI’s commitment to sustainability has evolved significantly over the years, becoming a core component of our business model. We have embedded a comprehensive ESG risk management framework that enables us to identify, assess, and manage environmental and social risks and impacts associated with our financing projects.
Our approach to impact and risk management encompasses prevention, mitigation, and adaptation measures, deploying a robust strategy to address challenges related to climate change, poverty, equality, decent work, and economic and social growth. We champion best practices and cutting-edge technologies to lead responsible financing that minimizes waste and pollution, protects biodiversity, and promotes the sustainable use of natural resources.
CIFI is dedicated to identifying and mitigating potential environmental and social risks and impacts in its lending practices. We strive for positive development through effective and thorough environmental and social risk assessments, monitoring, and supervision efforts. Our rigorous due diligence process for direct investments aims to avoid or minimize negative impacts on people and the environment. We do not provide financing to any project or company whose primary business activities are listed in our Exclusion List. We allocate resources to maintain and enhance our Environmental and Social Management System (ESMS) and continuously improve our overall environmental and social performance. We communicate our environmental and social expectations to all our staff, clients, and external stakeholders. Our commitment to sustainability extends beyond ESG risk management, positioning us as a transformational agent of change, fostering long-term positive impacts for all stakeholders.
Our environmental and social mission is to add value to projects while ensuring alignment with CIFI’s environmental and social requirements. Throughout every project, we focus on relevant ESG aspects to meticulously manage risks, ensuring sustainable development through our financing and creating a positive impact in a critical global context that demands transformational changes in the financial sector.
Consequently, our global responsibility drives us to promote equivalent accountability among our clients, encouraging them to respect and advance actions aligned with our ESG Policies and Position Statements.
Recognizing the crucial role of private sector investment in fostering sustainable development, CIFI pursues investment practices that adhere to high international standards of environmental and social sustainability. We advocate for sustainable corporate governance and collaborate with our clients to help them adopt best practices that meet internationally recognized standards.
CIFI’s goals are primarily achieved through the implementation of our robust Environmental and Social Management System (ESMS), which incorporates the International Finance Corporation’s Performance Standards on Social and Environmental Sustainability (2012) and the Equator Principles (EP IV 2020). Additionally, CIFI may utilize other equivalent international best practices or standards.
Our ESMS is fully integrated into the investment cycle, encompassing the identification, screening, and approval (or rejection) of transactions. To ensure effective ESMS performance, responsibilities for oversight and implementation are distributed across four main teams: Business Development and Structuring Team, E&S Team, Portfolio Team, and Senior Management, with the Legal Team providing support as needed.
Further information about CIFI´s implementation of the EPs is provided at: https://content-us-2.content-cms.com/9b3f67ef-5a9f-4acc-8ce8-bcc27fa681c7/dxdam/53/536c7b17-7803-4a3d-a177-c26eca4831d3/Equator%20Principles%20Annual%20Report%202025.pdf