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E.SUN Commercial Bank, LTD (2019)
| Signing Date | 28 Dec 2015 |
| Region of Headquarters: | Asia-Oceania |
| Current EPFI Reporting Year/Period: | 2019 |
| 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: 1
| Sector | |
|---|---|
| Mining | |
| Infrastructure | |
| Oil & Gas | |
| Power | 1 |
| Others | |
| Sub-Total | 1 |
| Region | |
|---|---|
| Americas | |
| Europe, Middle East & Africa | |
| Asia Pacific | 1 |
| Sub-Total | 1 |
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 10
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 2 | ||
| Oil & Gas | |||
| Power | 2 | 5 | 1 |
| Others | |||
| Region | |||
| Americas | 3 | ||
| Europe, Middle East & Africa | |||
| Asia Pacific | 2 | 4 | 1 |
| Country Designation | |||
| Designated Country 4 | 5 | ||
| Non Designated Country | 2 | 2 | 1 |
| Both | |||
| Independent Review | |||
| Yes | 2 | 6 | 1 |
| No | 1 | ||
| Totals | 2 | 7 | 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 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 | Carroll County Energy | Power | United States | 2019 |
| 2 | Project Karadeniz Powership KPS14 | Power | Indonesia | 2019 |
| 3 | CSBC roof top solar projects | Power | Taiwan, China | 2019 |
| 4 | Yunlin Offshore windfarm | Power | Taiwan, China | 2019 |
| 5 | Formosa 2 Wind Power | Power | Taiwan, China | 2019 |
| 6 | PetroVietnam Gas | Infrastructure | Viet Nam | 2019 |
| 7 | Crookwell 2 Wind Farm | Power | Australia | 2019 |
| 8 | Tenaska Westmoreland | Power | United States | 2019 |
| 9 | Birdsboro Power | Power | United States | 2019 |
| 10 | Cross River Rail Project Tunnel | Infrastructure | Australia | 2019 |
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
E.SUN Bank adopted the Equator Principles on 28 December 2015. It is the responsibility of E.SUN Bank’s management to ensure that appropriate procedures are in place to ensure compliance with the Equator Principles. In accordance with current Equator Principles (2013), E.SUN Bank established the Environmental and Social Risk Team under Corporate Finance Division. The Environmental and Social Risk Team focus on building up internal system in 2016, which including followings：
1. Drawed up the project financing practices to meet the Equator Principles’ requirements, such as credit and review processes, and related written form etc.
2. Carried out multiple training programs which trainee covered Taiwan RM Teams, overseas branches, sub-branches, and the head office related personnel.
3. Continuously tracking and updating information about the Equator Principles, and communicating with Asian EPFIs via conference call, and adjusting E.SUN Bank’s internal practices in accordance with new regulations.
4. In 2016, the Environmental and Social Risk Team had assessed seven cases which are applicable the Equator Principles, and recommend improvements to customers to reduce the social and environment risk and impacts. Finally, there is only one case financial closed due to E.SUN Bank’s risk appetite and credit policy considerations.
5. Continuing post-loan management for the Equator Principles’ loan case, and environmental and social risk groups corporate with RM Team to monitor project’s environmental and social risks and improved commitment.
E.Sun Commercial Bank, Ltd’s Implementation Reporting is available here.