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E.SUN Commercial Bank, LTD (2022)
| Signing Date | 28 Dec 2015 |
| Region of Headquarters: | Asia-Oceania |
| Current EPFI Reporting Year/Period: | 2022 |
| Institutional Reporting: | Link to Report - Link to Additional 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: 8
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 1 | ||
| Oil & Gas | |||
| Power | 7 | ||
| Others | |||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | |||
| Asia Pacific | 8 | ||
| Country Designation | |||
| Designated Country 4 | 3 | ||
| Non Designated Country | 5 | ||
| Both | |||
| Independent Review | |||
| Yes | 6 | ||
| No | 2 | ||
| Totals | 8 | ||
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 | Project Sharon | Infrastructure | Australia | 2022 |
| 2 | Ting Jie Solar Power | Power | Taiwan, China | 2022 |
| 3 | TCE Waste to Energy Project | Power | Taiwan, China | 2022 |
| 4 | Hong Sian No.3 Solar Power | Power | Taiwan, China | 2022 |
| 5 | Berrybank Wind Farm | Power | Australia | 2022 |
| 6 | Mao Cheng Mao Shing Solar Power | Power | Taiwan, China | 2022 |
| 7 | Yong Sheng Solar Power | Power | Taiwan, China | 2022 |
| 8 | Dulacca Wind Farm | Power | Australia | 2022 |
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 has long supported large-scale projects that contribute to social development. Since it became one of the first domestic financial institutions to adopt the Equator Principles on 28 December 2015, E.SUN has participated in a number of large-scale project financings for electric power, infrastructure, etc. at home and abroad. In accordance with the international standards of the Equator Principles Association, E.SUN manages project financing risks in a hierarchical manner, carefully assesses whether the project development process fulfills environmental and social responsibilities, and properly formulates environmental and social impact monitoring and improvement plans. Adopting the fourth edition of the Equator Principles framework, E.SUN assesses the climate change, human rights, and biodiversity risks associated with the projects it finances and continues to fine-tune its control process to strengthen post-loan management. 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´s EP implementation is provided at: https://www.esunfhc.com/en/-/media/ESUNFHC/Files/CSR/perseverance/The-Equator-Principles-At-ESUN-2022.pdf
EP-based assessments and undertakings are further described in E.SUN´s 2023 sustainability report on page 62: https://www.esunfhc.com/en/-/media/ESUNFHC/Files/CSR/FHC-CSR-Report/2022-Sustainability-ReportEnglish.pdf