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MUFG Bank, Ltd (1 Apr 2019 to 31 Mar 2020)
| Adoption Date: | 22 Dec 2005 |
| Country of Headquarters: | Japan |
| Region of Headquarters: | Asia-Oceania |
| Current EPFI Reporting Year/Period: | 1 Apr 2019 - 31 Mar 2020 |
| 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: 22
| Sector | |
|---|---|
| Mining | |
| Infrastructure | 7 |
| Oil & Gas | 3 |
| Power | 12 |
| Others | |
| Sub-Total | 22 |
| Region | |
|---|---|
| Americas | 3 |
| Europe, Middle East & Africa | 4 |
| Asia Pacific | 15 |
| Sub-Total | 22 |
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 62
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | 1 | ||
| Infrastructure | 1 | 8 | 2 |
| Oil & Gas | 3 | 1 | |
| Power | 8 | 29 | 1 |
| Others | 1 | 2 | 5 |
| Region | |||
| Americas | 3 | 20 | 2 |
| Europe, Middle East & Africa | 1 | 8 | |
| Asia Pacific | 10 | 12 | 6 |
| Country Designation | |||
| Designated Country 4 | 3 | 33 | 7 |
| Non Designated Country | 11 | 7 | 1 |
| Both | |||
| Independent Review | |||
| Yes | 14 | 39 | 1 |
| No | 1 | 7 | |
| Totals | 14 | 40 | 8 |
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 | JAWA 1 IPP AND FSRU PROJECT | Power | Indonesia | 2019 |
| 2 | Nghi Son 2 IPP project | Power | Vietnam | 2019 |
| 3 | Sodegaura Biomass-Fired Power Plant Inc. | Power | Japan | 2019 |
| 4 | Villanueva Solar, S.A. de C.V/Parque Solar Villanueva Tres, S.A. de C.V/ Parque Solar Don José, S.A. de C.V | Power | Mexico | 2019 |
| 5 | Van Phong 1 | Power | Vietnam | 2019 |
| 6 | Riau IPP Project | Power | Indonesia | 2019 |
| 7 | Project Cooke /New EfW Project | Infrastructure | United Kingdom | 2019 |
| 8 | Project Marigold | Others | Malaysia | 2019 |
| 9 | Yokosuka Power Project | Power | Japan | 2019 |
| 10 | Foard City Wind | Power | United States | 2019 |
| 11 | Ako Mega Solar Project | Power | Japan | 2019 |
| 12 | Umm al Quwain IWP | Infrastructure | United Arab Emirates | 2020 |
| 13 | Delaware Basin Residue, LLC | Infrastructure | United States | 2019 |
| 14 | Newark Liberty International Airport Consolidated Rent-a-Car Center and Joint Use Facility | Infrastructure | United States | 2019 |
| 15 | Yunlin Offshore Windfarm | Power | Taiwan R.O.C | 2019 |
| 16 | Facility D IWPP Expansion | Others | Qatar | 2019 |
| 17 | Shuqaiq 3 IWP | Infrastructure | Saudi Arabia | 2019 |
| 18 | Amur Gas Processing Plant | Oil & Gas | Russia | 2020 |
| 19 | Permian Highway Pipeline Project | Infrastructure | United States | 2019 |
| 20 | SB ENERGY SOLAR PRIVATE LIMITED | Power | India | 2019 |
| 21 | Palmer Breckenridge Solar, LLC | Power | United States | 2019 |
| 22 | Hadley 3 Solar, LLC | Power | United States | 2019 |
| 23 | Anegasaki Power Project | Power | Japan | 2019 |
| 24 | Jackson Generation | Power | United States | 2019 |
| 25 | Sabine Pass Liquefaction Train 6 | Oil & Gas | United States | 2019 |
| 26 | COMPAÑÍA MINERA TECK QUEBRADA BLANCA S.A. | Mining | Chile | 2020 |
| 27 | Washington Parish Energy Center | Power | United States | 2019 |
| 28 | Cross River Rail Project | Infrastructure | Australia | 2019 |
| 29 | Saint-Nazaire Offshore Wind Farm | Power | France | 2019 |
| 30 | Formosa 2 Offshore Wind Farm | Power | Taiwan R.O.C | 2019 |
| 31 | Rumichaca Pasto - Concesionaria Vial Unión del Sur S.A.S. | Infrastructure | Colombia | 2019 |
| 32 | Anamizu Solar Project | Power | Japan | 2019 |
| 33 | High Prairie | Power | United States | 2019 |
| 34 | Neart na Gaoithe | Power | United Kingdom | 2019 |
| 35 | Changfang Xidao Offshore Wind Project | Power | Taiwan R.O.C | 2020 |
| 36 | SB Energy Six Private Limited | Power | India | 2019 |
| 37 | Waverley Wind Farm | Power | New Zealand | 2019 |
| 38 | Akita and Noshiro Offshore Windfarms | Power | Japan | 2020 |
| 39 | East Anglia One Offshore Windfarm | Power | United Kingdom | 2019 |
| 40 | Neosho Ridge Wind, LLC | Power | United States | 2019 |
| 41 | Weaver Wind | Power | United States | 2019 |
| 42 | Outlaw Wind Project | Power | United States | 2019 |
| 43 | Aviator Wind | Power | United States | 2019 |
| 44 | CÓNDOR ENERGÍA SpA | Power | Chile | 2019 |
| 45 | Hitoyoshi Solar Project | Power | Japan | 2019 |
| 46 | The Exchange TRX | Others | Malaysia | 2019 |
| 47 | HO Clarke Generating, LLC | Power | United States | 2019 |
| 48 | Hokkaido Seven Airports Concession Project | Infrastructure | Japan | 2019 |
| 49 | Wakayama Mega Solar Project | Power | Japan | 2020 |
| 50 | Wink to Webster Pipeline | Oil & Gas | United States | 2020 |
| 51 | Kings Point Wind | Power | United States | 2020 |
| 52 | North Fork Ridge Wind | Power | United States | 2020 |
| 53 | Canada Kuwait Petrochemical Limited Partnership | Others | Canada | 2020 |
| 54 | Rabigh 3 IWP | Infrastructure | Saudi Arabia | 2019 |
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 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 | |||
| Infrastructure | 1 | 1 | |
| Oil & Gas | 2 | ||
| Power | 1 | 1 | |
| Others | 2 | ||
| Region | |||
| Americas | 1 | ||
| Europe, Middle East & Africa | 1 | 1 | |
| Asia Pacific | 1 | 2 | 2 |
| Country Designation | |||
| Designated Country 4 | 1 | 2 | 1 |
| Non Designated Country | 2 | 2 | |
| Both | |||
| Independent Review | |||
| Yes | 3 | 1 | |
| No | 1 | 3 | |
| Totals | 3 | 2 | 3 |
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
1. Implementation Guidelines
MUFG Bank, Ltd. (MUFG Bank) established its “Implementation Guidelines for the Equator Principles” and has been financing projects based on the Guidelines.
2.Assessment by Sustainable Business Office
At MUFG Bank, assessment, management, and other administrative tasks related to the environmental and social consideration of development projects are conducted by Sustainable Business Office.
3.Education and Training
MUFG Bank conducts training for its employees with the objective of deepening their understanding of environmental and social considerations and promoting the philosophy and practices of EP.
The training is primarily targeted at employees in charge of project finance and credit. The Bank also utilizes internal communication measures to promote better understanding of social and environmental considerations by all employees.
MUFG Bank also provides training for customers at their request.
Further information can be found here.