EIFO (Denmark´s Export and Investment Fund) (2024)
| Signing Date | 14 May 2004 |
| Region of Headquarters: | Europe |
| Current EPFI Reporting Year/Period: | 2024 |
| 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: 6
| Sector | |
|---|---|
| Mining | |
| Infrastructure | |
| Oil & Gas | |
| Power | 4 |
| Others | 2 |
| Sub-Total | 6 |
| Region | |
|---|---|
| Americas | 1 |
| Europe, Middle East & Africa | 3 |
| Asia Pacific | 2 |
| Sub-Total | 6 |
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 4
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | |||
| Power | 3 | ||
| Others | 1 | ||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | 1 | 1 | |
| Asia Pacific | 2 | ||
| Country Designation | |||
| Designated Country 4 | 1 | ||
| Non Designated Country | 2 | 1 | |
| Both | |||
| Independent Review | |||
| Yes | 3 | 1 | |
| No | |||
| Totals | 3 | 1 | |
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
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.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
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
Total number that reached Financial Close in the reporting period: 0
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 | DTEK Tiligulska Wind Electric Plant LLC | Power | Ukraine | 2024 |
| 2 | Golden Plains WF2 Finance Pty Ltd | Power | Australia | 2024 |
| 3 | Project Medical Phase 2 | Others | Côte d'Ivoire | 2024 |
| 4 | Project Trinity | Power | Taiwan, China | 2024 |
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 | 1 | ||
| Others | 1 | ||
| Region | |||
| Americas | 1 | ||
| Europe, Middle East & Africa | 1 | ||
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | 1 | ||
| Non Designated Country | 1 | ||
| Both | |||
| Independent Review | |||
| Yes | 1 | ||
| No | 1 | ||
| Totals | 1 | 1 | |
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
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.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
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
Total number that reached Financial Close in the reporting period: 0
Project Name Reporting For Project-related Corporate Loans (And Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans)
| No. | Project Name | Sector | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Nibulon Agricultural limited Liability Company | Others | Ukraine | 2024 |
| 2 | ENGIE S.A. | Power | Spain | 2024 |
Implementation of the Equator Principles
EIFO Implementation
The Equator Principles are part of EIFO’s ESG Policy. EIFO’s ESG department carries the overall responsibility for the implementation of the ESG policy, which is revised in alternate years, and is subject to approval by our Board.
The ESG department consists of 4 full-time environmental and social sustainability consultants and 1 part-time consultant, which form part of EIFO’s Policy and ESG division. All 5 environmental and social sustainability consultants hold mandates as Equator Principles Reviewers.
Further details about EIFO´s implementation of the EPs is provided at: equator-principles-report-ep-rapport-2024_-ltk_21525.pdf and at: https://www.eifo.dk/en/ambition/esg-reporting/
Independent Review of Equator Principles Implementation
In line with the requirements under the Equator Principles (EP), EIFO initiated an internal review of its EP implementation in 2023 as preparation for future independent reviews. The purpose of an EP Review is to assess whether internal procedures ensure compliance with the ten principles of the EP framework and, in doing so, enhance consistency, transparency, and credibility in implementation.
EIFO developed an internal EP Review plan based on the EP “Implementation Note”. As part of the process, an internal peer review was carried out, in which ESG colleagues audited each other’s projects. This approach provided valuable insight into the independent review process and helped identify potential areas for improvement in EIFO’s due diligence procedures.