DBS Group Holdings Ltd (2024)
| Signing Date | 18 Nov 2019 |
| Region of Headquarters: | Asia-Oceania |
| 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: 6
| Sector | |
|---|---|
| Mining | |
| Infrastructure | |
| Oil & Gas | |
| Power | 3 |
| Others | 3 |
| Sub-Total | 6 |
| Region | |
|---|---|
| Americas | |
| Europe, Middle East & Africa | |
| Asia Pacific | 6 |
| Sub-Total | 6 |
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 10
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | 1 | ||
| Infrastructure | |||
| Oil & Gas | |||
| Power | 1 | 8 | |
| Others | |||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | |||
| Asia Pacific | 1 | 9 | |
| Country Designation | |||
| Designated Country 4 | 3 | ||
| Non Designated Country | 1 | 6 | |
| Both | |||
| Independent Review | |||
| Yes | 1 | 9 | |
| No | |||
| Totals | 1 | 9 | |
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: 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 | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Project Gunsynd | Power | Australia | 2024 |
| 2 | Project Trinity | Power | Taiwan, China | 2024 |
| 3 | Project Juniper | Power | Australia | 2024 |
| 4 | Project Blupine | Power | India | 2024 |
| 5 | Project Banksia | Power | Australia | 2024 |
| 6 | Project Snowman 2 | Power | India | 2024 |
| 7 | Project Emerald 3.1 | Power | India | 2024 |
| 8 | RExus Bioenergy biomass-based power plant | Power | Singapore | 2024 |
| 9 | SN6 and SR3 | Power | Singapore | 2024 |
| 10 | Project Ding Xing | Mining | Indonesia | 2024 |
| 11 | SunnyRich Phase 1 + 2 | Power | Taiwan, China | 2024 |
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 12
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | 1 | ||
| Infrastructure | 9 | ||
| Oil & Gas | |||
| Power | |||
| Others | 2 | ||
| Region | |||
| Americas | 1 | 8 | |
| Europe, Middle East & Africa | 1 | ||
| Asia Pacific | 1 | 1 | |
| Country Designation | |||
| Designated Country 4 | 2 | 8 | |
| Non Designated Country | 1 | 1 | |
| Both | |||
| Independent Review | |||
| Yes | 1 | 2 | 9 |
| No | |||
| Totals | 1 | 2 | 9 |
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-related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Project Name Reporting For Project-related Corporate Loans (And Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Project Cavaliers | Others | Hungary | 2024 |
| 2 | NextStar Energy Inc. JV Debt Financing | Others | Canada | 2024 |
| 3 | Eastern Steel Phase 2 | Mining | Indonesia | 2024 |
| 4 | Project SVY01 | Infrastructure | United States | 2024 |
| 5 | Project Bighorn - Turnkey | Infrastructure | United States | 2024 |
| 6 | Project Marvel | Infrastructure | United States | 2024 |
| 7 | Project Bighorn - Powered Shell Project | Infrastructure | United States | 2024 |
| 8 | Project Daybreak | Infrastructure | United States | 2024 |
| 9 | Project Ranger | Infrastructure | United States | 2024 |
| 10 | Project Polka | Infrastructure | United States | 2024 |
| 11 | Project Square | Infrastructure | United States | 2024 |
| 12 | Project Greenspot | Infrastructure | Malaysia | 2024 |
Implementation of the Equator Principles
Since becoming a signatory to the Equator Principles (EP) in November 2019, DBS adopted the risk management framework for determining, assessing, and managing environmental and social risks in applicable transactions. Our internal guide titled “Equator Principles Implementation Guide for Project Finance and Related Business” outlines the scope and applicability of EP within the bank.
The coverage team and/or the Project Finance team, together with the Sustainability team, evaluate if Equator Principles are applicable to transactions. The Sustainability team review the outcomes from the environmental and social due diligence processes to mitigate and manage any material risks identified, as well as provide views on the project categorisation.
If a transaction falls within the scope of Equator Principles, the coverage team and/or Project Finance team complete a checklist indicating how the underlying project is aligned with the Equator Principles. This checklist is reviewed by the Sustainability team prior to submission as part of the credit memo application.
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