KBC Group N.V. (2022)

Signing Date 27 Jan 2004
Region of Headquarters: Europe
Current EPFI Reporting Year/Period: january- December 2022
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: 24

Sector
Mining
Infrastructure 2
Oil & Gas
Power 8
Others 14
Sub-Total 24
Region
Americas
Europe, Middle East & Africa 24
Asia Pacific
Sub-Total 24

Project Finance Transactions

Total number that reached Financial Close in the reporting period: 24

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure 1 1
Oil & Gas
Power 2 6
Others 14
Region
Americas
Europe, Middle East & Africa 3 21
Asia Pacific
Country Designation
Designated Country 4 2 16
Non Designated Country 1 5
Both
Independent Review
Yes 3 4
No 17
Totals 3 21
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 Real State EOOD Power Bulgaria 2022
2 VIK Plovdiv Others Bulgaria 2022
3 BGI Solar/Invest Solar Power Czechia 2022

Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 21

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: 13

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure
Oil & Gas
Power
Others 13
Region
Americas
Europe, Middle East & Africa 13
Asia Pacific
Country Designation
Designated Country 4 13
Non Designated Country
Both
Independent Review
Yes 1
No 12
Totals 13
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: 13

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

Scope of EP within KBC
Products
  • Project Finance with total investment costs ≥ USD 10mln
  • Trade Finance – Export Finance[1]Credit facilities via Export Credit Agencies (ECA)
  • Real Estate:
    • Large Real Estate development & real estate re-development non-recourse projects with investment costs ≥ eq. EUR 30mln.
    • Site financing (feasibility stage) –> Corporate Related Project Financing with investment costs ≥ EUR 45mln
Geographical scope
  • Network Clients:
  • Home-5 countries: Belgium, Czech Republic, Slovakia, Hungary and Bulgaria
  • Neighbouring countries: Netherlands, France, Germany, UK and Luxembourg
  • Non-network Clients:
  • Home-5 countries: Belgium, Czech Republic, Slovakia, Hungary and Bulgaria
  • Neighbouring countries: Netherlands, France, Germany, UK and Luxembourg
Subject to: Related Contractors are on the approved yearly nominative list of Specialized Finance .
  • Others countries –> mainly linked to Export Finance
Designated Countries
Non-Designated Countries
Category A
Environmental Social Impact Assessment (ESIA) —> check compliance with relevant host country laws, regulations and permits
Action Plan (AP) –> should address findings of the ESIA
Human Rights Due Diligence (HRDD) and Climate Change Risk Assessment (CCRA)
ESIA –>  Check compliance with:
–       IFC Performance Standards
–       World Bank group Industry specific EHS guidelines
AP –> should address findings of the ESIA
HRDD –>  check compliance with IFC PS and UN Guiding Principles on Business and Human Rights
CCRA –> check alignment with Climate Physical Risk and Climate Transition Risk categories of the TCFD.
Category B
Category C
Check that all officially required permits and licenses are obtained
Who does what and when: 
Account Manager (AM) –> Checks EP compliance and proposes a Category:
Credit Advisor –> Concurs with proposed EP Category or not, motivating the proposed category.
Credit Committee –> Ultimately confirms the proposed EP category.