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HSBC Holdings plc (2021)
| Signing Date | 04 Sep 2003 |
| Region of Headquarters: | Europe |
| Current EPFI Reporting Year/Period: | 2021 |
| 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: 14
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | 1 | ||
| Infrastructure | 1 | ||
| Oil & Gas | 1 | ||
| Power | 1 | 9 | 1 |
| Others | |||
| Region | |||
| Americas | 8 | 1 | |
| Europe, Middle East & Africa | 1 | ||
| Asia Pacific | 1 | 3 | |
| Country Designation | |||
| Designated Country 4 | 10 | 1 | |
| Non Designated Country | 2 | 1 | |
| Both | |||
| Independent Review | |||
| Yes | 2 | 11 | 1 |
| No | |||
| Totals | 2 | 11 | 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 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 | GSRP Warehouse | Power | United States | 2021 |
| 2 | Project Traverse | Power | United States | 2021 |
| 3 | Western Spirit | Power | United States | 2021 |
| 4 | Project Sunbeam | Power | United States | 2021 |
| 5 | Geysers | Power | United States | 2021 |
| 6 | AES Construction RCF | Power | United States | 2021 |
| 7 | Skipjack | Power | United States | 2021 |
| 8 | Bass | Power | United States | 2021 |
| 9 | Crawfish | Power | United States | 2021 |
| 10 | Dolphin Energy Refinancing | Oil & Gas | United Arab Emirates | 2021 |
| 11 | King of the Hills (KOTH) Gold Project | Mining | Australia | 2021 |
| 12 | Project Mercury | Power | Taiwan, China | 2021 |
| 13 | North East Link | Infrastructure | Australia | 2021 |
| 14 | ABC Solar | Power | India | 2021 |
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
Equator Principles | HSBC Holdings plc
HSBC’s procedures for applying the Equator Principles are included in its credit risk policies. For transactions that fall under the scope of the Equator Principles, our global businesses must complete the appropriate implementation template, including the requirements for each applicable Principle, and conduct a risk analysis and recommendation through the credit risk process. We have more than 75 Sustainability Risk Managers – working in the Risk function across the bank – to assist our global businesses on Equator Principles requirements where appropriate. Global businesses must refer high-risk Category A projects, as well as some Category B projects, to Reputational & Sustainability Risk for guidance and approval. The Reputational & Sustainability Risk team is required to approve or decline any transaction that is deemed to be high-risk under the Equator Principles.
The Reputational & Sustainability Risk team is also responsible for the development and management of the Equator Principles policy, which outlines our internal processes for applying the Equator Principles. The Equator Principles policy is approved by the Risk Management Meeting, a sub-committee of the Group Executive Committee.