DNB (2021)

Adoption Date: 29 May 2008
Country of Headquarters: Norway
Region of Headquarters: Europe
Current EPFI Reporting Year/Period: 2021
Institutional Reporting: Link to Report

 

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: 16

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure
Oil & Gas 1
Power 15
Others
Region
Americas 1 9
Europe, Middle East & Africa 6
Asia Pacific
Country Designation
Designated Country4 1 15
Non Designated Country
Independent Review
Yes 1 15
No
Totals 1 15
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)

No. Project Name Sector Country(s) Year of Financial Close
1 Shenandoah Oil & Gas United States 2021
2 Lincoln Land Wind Intermediate Holdco 1, LLC Power United States 2021
3 Sonnedix Cox Energy Chile SpA Power Chile 2021
4 GM Holdings S.A. Power Chile 2021
5 Fontus Prime Solar SpA Power Chile 2021
6 PE Cabo Leones III SpA Power Chile 2021
7 RE Crimson Power United States 2021
8 Copihue Energia SpA Power Chile 2021
9 DESRI Highland Power United States 2021
10 DOGGERBANK OFFSHORE WIND FARM PROJECT 3 HOLDCO LIMITED Power United Kingdom 2021
11 Project Lafayette Power Poland 2021
12 Wielkopolska Wind Projects (Wilko 5) Power Poland 2021
13 Potogowo WF Power Poland 2021
14 Grace WF Power Poland 2021
15 Debnica Kaszubska (DK) Power Poland 2021
16 Sędzice wind farmWólka Dobryńska wind farm Power Poland 2021

Project-Related Corporate Loans

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

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure
Oil & Gas
Power 2
Others
Region
Americas 1
Europe, Middle East & Africa
Asia Pacific 1
Country Designation
Designated Country4
Non Designated Country 2
Independent Review
Yes 2
No
Totals 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-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)

Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 2

Under EP4, project name reporting is encouraged for Project-Related Corporate Loans that have reached Financial Close and required for Project Finance transactions that have reached Financial Close.

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

DNB has integrated the Equator Principles in its governance documents, including the Corporate Banking Credit Manual. Equator Principles assessments are prepared by relevant client teams in our Corporate Banking Business Areas. A dedicated Equator Principles Committee with representatives from our Project Finance and ESG team review the assessments and opines on / confirm the categorization, preferably before being presented at the relevant credit-approval level. If this is not possible or logical, for example if a social or environmental due diligence has not been carried out or has not been completed, the matter will be reviewed by the Equator Committee after being considered by the relevant credit approval body and as soon as practically possible. As part of the annual loan review, compliance with the Equator Principles is assessed and reported to the relevant credit approval body for each credit commitment.

https://www.dnb.no/portalfront/nedlast/no/om-oss/aarsrapport/arsrapport_2021engelsk/Equator_principles_reporting_2021.pdf