KfW IPEX-Bank GmbH (2021)

Adoption Date: 03 Mar 2008
Country of Headquarters: Germany
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: 2

Sector
Mining
Infrastructure
Oil & Gas 2
Power
Others
Sub-Total 2
Region
Americas 1
Europe, Middle East & Africa 1
Asia Pacific
Sub-Total 2

Project Finance Transactions

Total number that reached Financial Close in the reporting period: 10

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure 2 1
Oil & Gas
Power 2 5
Others
Region
Americas 2
Europe, Middle East & Africa 5 1
Asia Pacific 2
Country Designation
Designated Country4 7 1
Non Designated Country 2
Independent Review
Yes 2 6
No 1 1
Totals 2 7 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 Björnberget Wind Farm Power Sweden 2021
2 Korkeakangas Wind Farm Power Finland 2021
3 Nuolivaara Power Finland 2021
4 PPP D4 Motorway Infrastructure Czech Republic 2021
5 The Georgetown University Utility System Infrastructure United States 2021
6 Project Nebraska Infrastructure Poland 2021

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: 10

Equator Principles Category A1 B2 C3
Sector
Mining 1
Infrastructure 1 3
Oil & Gas 1
Power 1 1
Others 1 1
Region
Americas 1
Europe, Middle East & Africa 2 1 5
Asia Pacific 1
Country Designation
Designated Country4 1 5
Non Designated Country 2 1 1
Independent Review
Yes 1 2
No 1 6
Totals 2 2 6
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

Total number that reached Financial Close in the reporting period: 1

Sector
Mining
Infrastructure 1
Oil & Gas
Power
Others
Sub-Total 1
Region
Americas
Europe, Middle East & Africa 1
Asia Pacific
Sub-Total 1
Country Designation
Designated Country 1
Non Designated Country
Sub-Total 1

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

No. Project Name Sector Country(s) Year of Financial Close
1 Megal Refi 2021 Infrastructure Germany 2021
2 Nigeria LNG Train 7 Expansion Oil & Gas Nigeria 2021
3 Speicherstadt Hamburg Infrastructure Germany 2021
4 Ankara-Izmir High Speed Railway Project Infrastructure Turkey 2021

Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 7

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 credit committee is responsible for the credit approval. For Cat. A or B as appropriate categorized projects a dedicated risk assessment made by environmental & social experts of KfW Group or other external experts is compulsory.

Further information can be found here.