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DNB (2021)
| Signing Date | 29 May 2008 |
| 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 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: 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 Country 4 | 1 | 15 | |
| Non Designated Country | |||
| Both | |||
| 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.
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 | Project Location(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 Country 4 | |||
| Non Designated Country | 2 | ||
| Both | |||
| 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.
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.