DekaBank Deutsche Girozentrale (2021)

Adoption Date: 01 Mar 2011
Country of Headquarters: Germany
Region of Headquarters: Europe
Current EPFI Reporting Year/Period: 2021
Institutional Reporting: No Report Available

 

Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the Equator Principles Association 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: 4

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure
Oil & Gas
Power 2 2
Others
Region
Americas
Europe, Middle East & Africa 2 2
Asia Pacific
Country Designation
Designated Country4 2 2
Non Designated Country
Independent Review
Yes 2 2
No
Totals 2 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. See list of Designated Countries.

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: 4

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

DekaBank has implemented the EP on a top down concept:

1. The overall business strategy (Geschäftsstrategie),
2. Credit risk strategy (Kreditrisikostrategie), and
3. Credit Manual (Kredithandbuch).

On the project management level any and each project manager has to verify the EP requirements based on the individual Technical Advisor (“TA”) report. Classification, findings and risk mitigation has to be evaluated together with the Sustainability Department. A comment – as a must – has to be written in the first and second opinion of the credit approval and presented to the decision maker.

The process of EP evaluation:

Dekabank defines the process and follow up for a project financing as Work in Progress (“WiP”) along the chain of sustainability added value.

WiP:

Before the Due Diligence phase started the TA is mandated to analyse the project on behalf of the debt investors; this is established within DekaBank. The mandate covers the obligation to classify the project in EP categories and to evaluate mitigation measurement. A verification takes place from Dekabank’s Sustainability Department and provides a final statement of the project classification.

Further information about DekaBank´s EP implementation is provided in its 2021 Sustainability Report available here.