First Commercial Bank (2022)

Adoption Date: 21 Dec 2020
Region of Headquarters: Asia-Oceania
Current EPFI Reporting Year/Period: 2022
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: 4

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure
Oil & Gas
Power 1 3
Others
Region
Americas
Europe, Middle East & Africa
Asia Pacific 1 3
Country Designation
Designated Country 4
Non Designated Country 1 3
Both
Independent Review
Yes 1 3
No
Totals 1 3
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)

Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 4

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: 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
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.

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-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.

Project Name Reporting For Project-related Corporate Loans (And Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans)

Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 1

Under EP4, project name reporting is encouraged for Project-Related Corporate Loans that have reached Financial Close and required for Project Finance transactions that have reached Financial Close.

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

IMPLEMENTATION OF THE EQUATOR PRINCIPLES

Implementation Procedure and Management Structure of the Equator Principles

To comply with the Equator Principles, First Commercial Bank established the “Guidelines for Loans Applicable to the Equator Principles” and relevant operating procedures. Furthermore, to suitably reduce potential credit risks, implement protective social and environmental measures, and adapt to the risks and opportunities arising from climate change, First Commercial Bank established the ” Environmental and Social Risk Team”, which executes environmental and social risk assessments, reviews and monitoring for loan application in accordance with “environmental/social risk assessment reports” and “environmental/social risk monitoring reports” issued by independent and qualified third-party institutions.

Comprehensive Internal Training

To help units familiarize themselves with the related mechanisms of the Equator Principles and added forms, First Commercial Bank appointed external consultants to organize training programs for senior executives, the Environmental and Social Risk Team, and business branches. These training programs intensify employees’ knowledge of the environmental and social risks.

Further information about First Commercial Bank´s implementation of the EPs is provided at: https://www.firstbank.com.tw/sites/fcb/1565694080359