KfW IPEX-Bank GmbH (2019)

Adoption Date: 03 Mar 2008
Country of Headquarters: Germany
Region of Headquarters: Europe
Current EPFI Reporting Year/Period: 2019
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: 19

Equator Principles Category A1 B2 C3
Sector
Mining 2 1
Infrastructure 1 2 4
Oil & Gas
Power 2 7
Others
Region
Americas 4 1
Europe, Middle East & Africa 1 7 4
Asia Pacific 2
Country Designation
Designated Country4 3 10 4
Non Designated Country 2
Independent Review
Yes 5 10
No 4
Totals 5 10 4
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 Al Dur 2 Power Bahrain 2019
2 TPP GNA I LNG-to-Power Power Brazil 2019
3 Windpark Fryslan Power Netherlands 2019
4 The University of Iowa Utility System P3 Power United States 2019
5 Neart Na Gaoithe Windfarm Power United Kingdom 2019
6 Wind Farm Aldermyrberget Power Sweden 2019
7 Corralnuevo Wind Farm Power Spain 2019
8 Navillas Wind Farm Power Spain 2019
9 Elba Island LNG Infrastructure United States 2019
10 Quebrada Blanca Phase 2 Mining Chile 2019
11 Nevada Copper Mining United States 2019
12 Beyondie Sulphate of Potash Project Mining Australia 2019
13 Cross River Rail Infrastructure Australia 2019
14 Silvertown Tunnel PPP Infrastructure United Kingdom 2019

Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 5

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: 8

Equator Principles Category A1 B2 C3
Sector
Mining 1
Infrastructure 1 1
Oil & Gas
Power
Others 2 3
Region
Americas 1
Europe, Middle East & Africa 3 4
Asia Pacific
Country Designation
Designated Country4 4 4
Non Designated Country
Independent Review
Yes 4
No 4
Totals 4 4
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-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: 8

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

Every Project Manager is responsible for the ESDD of each financing. The ESDD is part of the credit process in which the Board is responsible for the credit approval. For Cat. A or B as appropriate categorized projects there has to be an extra risk assessment made by environmental & social experts of KfW Group or other external experts.

Further information can be found here.