DBS Group Holdings Ltd (2022)

Adoption Date: 18 Nov 2019
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: 4

Sector
Mining
Infrastructure
Oil & Gas
Power 4
Others
Sub-Total 4
Region
Americas
Europe, Middle East & Africa
Asia Pacific 4
Sub-Total 4

Project Finance Transactions

Total number that reached Financial Close in the reporting period: 4

Equator Principles Category A1 B2 C3
Sector
Mining 1
Infrastructure
Oil & Gas
Power 3
Others
Region
Americas
Europe, Middle East & Africa
Asia Pacific 1 3
Country Designation
Designated Country 4 2
Non Designated Country 1 1
Both
Independent Review
Yes 1 3
No
Totals 1 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

Total number that reached Financial Close in the reporting period: 1

Sector
Mining
Infrastructure
Oil & Gas
Power 1
Others
Sub-Total 1
Region
Americas
Europe, Middle East & Africa
Asia Pacific 1
Sub-Total 1
Country Designation
Designated Country
Non Designated Country 1
Both
Sub-Total 1

Project Name Reporting For Project Finance (And Project-related Refinance & Project-related Acquisition Finance For Project Finance)

No. Project Name Sector Country(s) Year of Financial Close
1 Project Hank Power Australia 2022
2 Project Rosella Power Australia 2022
3 Project Solar Power Taiwan R.O.C 2022
4 Project Augustus Mining Indonesia 2022
5 Project Nimbus Power Bangladesh 2022

Project-Related Corporate Loans

Total number that reached Financial Close in the reporting period: 2

Equator Principles Category A1 B2 C3
Sector
Mining 1
Infrastructure 1
Oil & Gas
Power
Others
Region
Americas
Europe, Middle East & Africa
Asia Pacific 1 1
Country Designation
Designated Country 4
Non Designated Country 1 1
Both
Independent Review
Yes 1 1
No
Totals 1 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.

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.

Project Name Reporting For Project-related Corporate Loans (And Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans)

No. Project Name Sector Country(s) Year of Financial Close
1 Project Ivory Infrastructure India 2022
2 Project Titan Mining Indonesia 2022

Implementation of the Equator Principles

We have a policy titled “Equator Principles Implementation Guide for Project Finance and Related Business” that clearly outlines the scope and applicability of Equator Principles. When a Relationship Manager or the Project Finance team is evaluating a transaction, they will be required to evaluate if the transaction is subject to Equator Principles. For a transaction that falls within the scope of Equator Principles, the Relationship Manager or Project Finance team will be required to complete a checklist indicating how the underlying project is aligned with the Equator Principles. This checklist is reviewed by an independent Sustainability team for validation and verification prior to being submitted as part of the credit memo application.

The Sustainability team is also involved to provide agreement on the project categorisation as well as to review Environmental, Social Due Diligence report prepared by a third-party consultant. Where a Project does not require the appointment of an independent consultant, the Sustainability team will provide the necessary assistance to ensure that the Sponsor is clear of the requirement allowing the underlying project’s alignment with the Equator Principles.

The implementation of EP is also described in “Our Approach to Responsible Financing”, which can be accessed from here: https://www.dbs.com/sustainability/responsible-banking/responsible-financing