Export Finance Australia (2024)
| Signing Date | 03 Mar 2009 |
| Region of Headquarters: | Asia-Oceania |
| Current EPFI Reporting Year/Period: | 2024 |
| 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: 1
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | |||
| Power | 1 | ||
| Others | |||
| Region | |||
| Americas | |||
| Europe, Middle East & Africa | |||
| Asia Pacific | 1 | ||
| Country Designation | |||
| Designated Country 4 | |||
| Non Designated Country | 1 | ||
| Both | |||
| Independent Review | |||
| Yes | 1 | ||
| No | |||
| Totals | 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 | Changhua 4 Offshore Wind Farm | Power | Taiwan, China | 2024 |
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
Total number that reached Financial Close in the reporting period: 0
Implementation of the Equator Principles
Principle 10 of the Equator Principles requires reporting on the implementation of the Principles, considering appropriate confidentiality considerations.
Our Procedure provides information on:
- the environmental and social review process for our transactions, including project finance, project-related corporate loans, and bridge loans. We do not provide project finance advisory services (other financial products covered by the Equator Principles)
- our approval process
- our approach to including conditions covering environmental and social issues in our transaction documents
- how the Equator Principles are incorporated into our decision making.
Environmental and social risk evaluations, including Equator Principles reviews:
- are undertaken by specialist staff in our Credit Department
- are a distinct risk element within our decision making
- require approval of our Board when the transaction is associated with a Category A project (a project with potentially significant adverse environmental and/or social impacts) located outside Australia.
Transactions can be declined at any stage in negotiation or due diligence.
Each year, internal training is provided to relevant staff on the implementation of Export Finance Australia’s Policy and Procedure for environmental and social review of transactions which include the Equator Principles and the IFC Performance Standards.
The location, industry type, sector and results of screening and classification for individual projects supported by Export Finance Australia (including project finance, project-related corporate loans, and bridge loans) are provided in our Annual Report and in our transaction register.
Further Information on Export Finance Australia´s EP Implementation is provided at: https://www.exportfinance.gov.au/our-organisation/our-corporate-responsibility/transactions/environmental-and-social-review/equator-principles/