HSBC Holdings plc (2021)

Adoption Date: 04 Sep 2003
Country of Headquarters: United Kingdom
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 Equator Principles Association 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 Country4 10 1
Non Designated Country 2 1
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. See list of Designated Countries.

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 Country(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 R.O.C 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.