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MUFG Bank, Ltd (1 Apr 2021 to 31 Mar 2022)
| Adoption Date: | 22 Dec 2005 |
| Country of Headquarters: | Japan |
| Region of Headquarters: | Asia-Oceania |
| Current EPFI Reporting Year/Period: | 1 Apr 2021 to 31 Mar 2022 |
| 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: 15
| Sector | |
|---|---|
| Mining | |
| Infrastructure | 2 |
| Oil & Gas | 2 |
| Power | 9 |
| Others | 2 |
| Sub-Total | 15 |
| Region | |
|---|---|
| Americas | 5 |
| Europe, Middle East & Africa | 6 |
| Asia Pacific | 4 |
| Sub-Total | 15 |
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 84
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | 1 | ||
| Infrastructure | 8 | ||
| Oil & Gas | 1 | 3 | |
| Power | 7 | 43 | |
| Others | 2 | 19 | |
| Region | |||
| Americas | 1 | 34 | 4 |
| Europe, Middle East & Africa | 9 | 1 | |
| Asia Pacific | 8 | 13 | 14 |
| Country Designation | |||
| Designated Country 4 | 3 | 48 | 19 |
| Non Designated Country | 6 | 8 | |
| Both | |||
| Independent Review | |||
| Yes | 9 | 53 | 4 |
| No | 3 | 15 | |
| Totals | 9 | 56 | 19 |
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
Total number that reached Financial Close in the reporting period: 3
| Sector | |
|---|---|
| Mining | |
| Infrastructure | 1 |
| Oil & Gas | |
| Power | 1 |
| Others | 1 |
| Sub-Total | 3 |
| Region | |
|---|---|
| Americas | 3 |
| Europe, Middle East & Africa | |
| Asia Pacific | |
| Sub-Total | 3 |
| Country Designation | |
|---|---|
| Designated Country | 2 |
| Non Designated Country | 1 |
| Both | |
| Sub-Total | 3 |
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 | Aomori-Shichinohe Towada Wind Farm Project | Power | Japan | 2022 |
| 2 | Hyuga Biomass Power Project | Power | Japan | 2021 |
| 3 | Azure Power Forty One Private Limited | Power | India | 2021 |
| 4 | CPD Nishiyodogawa Logistics Project | Others | Japan | 2021 |
| 5 | Westfield Energy Recovery Limited | Infrastructure | United Kingdom | 2021 |
| 6 | Ikeda Solar Project | Power | Japan | 2021 |
| 7 | Mantoverde Development Project | Mining | Chile | 2021 |
| 8 | La Pimienta Solar | Power | Mexico | 2021 |
| 9 | Vena Energy 272MW Yunlin E2 Ground Mounted Solar Project | Power | Taiwan R.O.C | 2021 |
| 10 | Goi Power Project | Power | Japan | 2021 |
| 11 | Borger Express | Oil & Gas | United States | 2021 |
| 12 | Pacifico Energy Sanda Mega Solar Project | Power | Japan | 2021 |
| 13 | Lonco・Profit mart AISAIⅡ | Others | Japan | 2021 |
| 14 | Project Athos I | Power | United States | 2021 |
| 15 | Project Athos II | Power | United States | 2021 |
| 16 | Mark One | Power | United States | 2021 |
| 17 | Mililani I Solar/Waiawa Solar | Power | United States | 2021 |
| 18 | Swiftsure Housing Partners, LLC | Others | United States | 2021 |
| 19 | Project Silverado | Power | United States | 2021 |
| 20 | Sumita Tono Wind Farm | Power | Japan | 2021 |
| 21 | WRSS XXI(A) TRANSCO LIMITED | Power | India | 2021 |
| 22 | LAKADIA BANASKANTHA TRANSCO LIMITED | Power | India | 2021 |
| 23 | KHARGHAR VIKHROLI TRANSMISSION LIMITED | Power | India | 2021 |
| 24 | Community Solar 7 | Power | United States | 2021 |
| 25 | OPERADORA DE TERMINALES MARÍTIMAS, S.A. DE C.V. | Infrastructure | Mexico | 2021 |
| 26 | CPD Osaka Taisyo Logistics Project | Others | Japan | 2021 |
| 27 | Longroad Maine Solar | Power | United States | 2021 |
| 28 | Le Conte Energy | Others | United States | 2021 |
| 29 | Project Chacao+ | Power | Chile | 2021 |
| 30 | Project Catskill | Power | United States | 2021 |
| 31 | Stanly Solar | Power | United States | 2021 |
| 32 | Cabo Leones III | Power | Chile | 2021 |
| 33 | Skelton Grange | Infrastructure | United Kingdom | 2021 |
| 34 | Arroyo Solar and Storage | Power | United States | 2021 |
| 35 | Kaban Wind Farm | Power | Australia | 2021 |
| 36 | Radian Solar | Power | United States | 2021 |
| 37 | Blythe Mesa Solar II | Power | United States | 2021 |
| 38 | Jubail 3B IWP | Infrastructure | Saudi Arabia | 2021 |
| 39 | Panorama Wind | Power | United States | 2021 |
| 40 | Brotman Generating, LLC | Power | United States | 2021 |
| 41 | Project Kelvin | Infrastructure | United Kingdom | 2021 |
| 42 | Project Memphis | Others | Netherlands | 2021 |
| 43 | Project Sharon | Oil & Gas | Australia | 2022 |
| 44 | Hale Kuawehi | Power | United States | 2022 |
| 45 | Allora Solar | Power | United States | 2022 |
| 46 | Cabin Creek Solar | Power | United States | 2022 |
| 47 | Gunsight Solar | Power | United States | 2022 |
| 48 | Phobos Solar | Power | United States | 2022 |
| 49 | Doggerbank Offshore Wind Farm Project 3 Projco Limited | Power | United Kingdom | 2021 |
| 50 | Project El Sauz | Power | United States | 2022 |
| 51 | Lancaster Area Battery | Others | United States | 2021 |
| 52 | Saudi ISTPs (Buraydah) | Infrastructure | Saudi Arabia | 2022 |
| 53 | Saudi ISTPs (Tabuk) | Infrastructure | Saudi Arabia | 2022 |
| 54 | Saudi ISTPs (Madinah) | Infrastructure | Saudi Arabia | 2022 |
| 55 | Whistler Martin County Expansion | Oil & Gas | United States | 2022 |
| 56 | Los Alamitos Microgrid | Power | United States | 2022 |
| 57 | Tochigi Project | Power | Japan | 2022 |
| 58 | Hybrid 450 MW | Power | India | 2022 |
| 59 | Project Innovation | Others | United States | 2022 |
| 60 | Letts Creek, Pullman, Cement City solar | Power | United States | 2022 |
| 61 | Rumichaca - Pasto Toll Road | Infrastructure | Colombia | 2022 |
| 62 | Project Traveler | Others | United States | 2021 |
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 25
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: 4
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | |||
| Power | 1 | ||
| Others | 1 | 2 | |
| Region | |||
| Americas | 2 | ||
| Europe, Middle East & Africa | 1 | ||
| Asia Pacific | 1 | ||
| Country Designation | |||
| Designated Country 4 | 2 | ||
| Non Designated Country | 1 | 1 | |
| Both | |||
| Independent Review | |||
| Yes | 1 | 1 | |
| No | 1 | 1 | |
| Totals | 1 | 1 | 2 |
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 | |
| Oil & Gas | |
| Power | |
| Others | 1 |
| Sub-Total | 1 |
| Region | |
|---|---|
| Americas | |
| Europe, Middle East & Africa | |
| Asia Pacific | 1 |
| Sub-Total | 1 |
| Country Designation | |
|---|---|
| Designated Country | 1 |
| Non Designated Country | |
| Both | |
| 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 | Project Jazan | Power | Saudi Arabia | 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 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 Division
At MUFG Bank, assessment, management, and other administrative tasks related to the environmental and social consideration of development projects are conducted by Sustainable Business Division.
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.
The Bank also provides training for customers at their request.
More details on MUFG Bank´s implementation of the EPs are provided at: https://www.mufg.jp/english/csr/environment/equator/