E.SUN Commercial Bank, LTD (2020)

Adoption Date: 28 Dec 2015
Country of Headquarters: Taiwan R.O.C
Region of Headquarters: Asia-Oceania
Current EPFI Reporting Year/Period: 2020
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: 7

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure
Oil & Gas
Power 1 6
Others
Region
Americas
Europe, Middle East & Africa
Asia Pacific 1 6
Country Designation
Designated Country4
Non Designated Country 1 6
Independent Review
Yes 1 6
No
Totals 1 6
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: 7

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

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, 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 since 2016, with the followings tasks:
1. Manage the internal evaluation process and related documents to meet the Equator Principles’ requirements, and conduct the internal evaluation reports for the EP projects.
2. Carry out multiple training programs to RM Teams, as well as the head office related personnel.
3. Continuously track and update information about the Equator Principles, and communicate with Asian EPFIs via conference call, and adjust E.SUN Bank’s internal practices in accordance with new regulations including EP IV.
4. Perform post-loan management for the Equator Principles cases, and corporate with RM Team to monitor projects’ environmental & social risks and the management plans.

Further information about E.Sun Commercial Bank, Ltd’s implementation of the EPs is available at here and here.