MUFG Bank, Ltd (1 Apr 2022 to 31 Mar 2023)
| Signing Date | 22 Dec 2005 |
| Region of Headquarters: | Asia-Oceania |
| Current EPFI Reporting Year/Period: | 1 Apr 2022 to 31 Mar 2023 |
| Institutional Reporting: | Link to 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: 9
| Sector | |
|---|---|
| Mining | |
| Infrastructure | 3 |
| Oil & Gas | |
| Power | 5 |
| Others | 1 |
| Sub-Total | 9 |
| Region | |
|---|---|
| Americas | 1 |
| Europe, Middle East & Africa | 4 |
| Asia Pacific | 4 |
| Sub-Total | 9 |
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 101
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 1 | 8 | 1 |
| Oil & Gas | 4 | 2 | |
| Power | 6 | 43 | 7 |
| Others | 1 | 3 | 25 |
| Region | |||
| Americas | 10 | 38 | 15 |
| Europe, Middle East & Africa | 11 | 1 | |
| Asia Pacific | 2 | 7 | 17 |
| Country Designation | |||
| Designated Country 4 | 9 | 53 | 33 |
| Non Designated Country | 3 | 3 | |
| Both | |||
| Independent Review | |||
| Yes | 12 | 55 | 19 |
| No | 1 | 14 | |
| Totals | 12 | 56 | 33 |
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
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.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
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
Total number that reached Financial Close in the reporting period: 3
| Sector | |
|---|---|
| Mining | |
| Infrastructure | |
| Oil & Gas | 1 |
| Power | 2 |
| Others | |
| Sub-Total | 3 |
| Region | |
|---|---|
| Americas | 2 |
| Europe, Middle East & Africa | 1 |
| Asia Pacific | |
| Sub-Total | 3 |
| Country Designation | |
|---|---|
| Designated Country | 3 |
| Non Designated Country | |
| 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 | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | Kumamoto-Yamato Solar Project | Power | Japan | 2022 |
| 2 | La Virginia - Nueva Esperanza Transmission Line | Power | Colombia | 2022 |
| 3 | Lima Airport Expansion | Infrastructure | Peru | 2023 |
| 4 | Kitakyushu-Hibikinada Offshore Wind Farm | Power | Japan | 2023 |
| 5 | SL2X | Others | Korea, Rep. | 2022 |
| 6 | SL3X | Others | Korea, Rep. | 2022 |
| 7 | Ukudu | Power | United States | 2022 |
| 8 | Wakayama Gobo Biomass Power Plant | Power | Japan | 2022 |
| 9 | Fukaura Wind Farm | Power | Japan | 2022 |
| 10 | Gemini Solar | Power | United States | 2022 |
| 11 | The New Terminal One at JFK | Infrastructure | United States | 2022 |
| 12 | Sonny Solar | Power | United States | 2022 |
| 13 | Bulldog Solar | Power | United States | 2022 |
| 14 | Project Silver | Power | United States | 2022 |
| 15 | UMass Amherst P3 | Others | United States | 2022 |
| 16 | TERMOCARIBE PROJECT | Power | Colombia | 2022 |
| 17 | Castle Gap | Power | United States | 2022 |
| 18 | Project Spinnaker | Others | United States | 2022 |
| 19 | Senegal FSRU | Oil & Gas | Senegal | 2023 |
| 20 | Tavazzano CCGT | Power | Italy | 2022 |
| 21 | Whistler Compression Expansion | Oil & Gas | United States | 2022 |
| 22 | Venture Global Plaquemines | Oil & Gas | United States | 2022 |
| 23 | Eastover Solar LLC | Power | United States | 2022 |
| 24 | Landrace Holdings, LLC | Power | United States | 2022 |
| 25 | Virginia Line Solar, LLC | Power | United States | 2022 |
| 26 | Renew RTC 400 MW | Power | India | 2023 |
| 27 | Rabbitbrush & Chaparral Springs (RCS) | Power | United States | 2022 |
| 28 | Ishikari Offshore Wind Project | Power | Japan | 2022 |
| 29 | Gaskell West | Power | United States | 2022 |
| 30 | Cheniere Corpus Christi Liquefied Natural Gas Project | Oil & Gas | United States | 2022 |
| 31 | Sydney Metro – Western Sydney Airport | Infrastructure | Australia | 2022 |
| 32 | Oberon II | Power | United States | 2022 |
| 33 | Oberon I | Power | United States | 2022 |
| 34 | Shuaibah 3 IWP | Infrastructure | Saudi Arabia | 2022 |
| 35 | INEOS Olefins Belgium N.V. | Others | Belgium | 2023 |
| 36 | Ital Gas Storage S.p.A. | Infrastructure | Italy | 2022 |
| 37 | Lynchburg Renewable Fuels, LLC | Others | United States | 2022 |
| 38 | Lumina I | Power | United States | 2022 |
| 39 | Lumina II | Power | United States | 2022 |
| 40 | Criterion Repower | Power | United States | 2022 |
| 41 | Texas Solar Nova 1 | Power | United States | 2022 |
| 42 | Viaduct, School House, and Stratford | Power | United States | 2022 |
| 43 | Magnolia Power LLC | Power | United States | 2022 |
| 44 | Texas Solar Nova 2 | Power | United States | 2022 |
| 45 | Project Lorenzo | Power | Spain | 2022 |
| 46 | Project AZ 11 & 12 | Others | United States | 2023 |
| 47 | Porter Solar | Power | United States | 2022 |
| 48 | Project Thunder | Power | Belgium | 2022 |
| 49 | Golden Triangle Polymers Project | Others | United States | 2022 |
| 50 | ODATA Chile | Others | Chile | 2022 |
| 51 | Venture Global Plaquemines Phase II | Oil & Gas | United States | 2022 |
| 52 | Big Plain, Oak Trail, and Horizon | Power | United States | 2023 |
| 53 | CHPE LLC | Power | United States | 2022 |
| 54 | Project Circuit | Others | United States | 2022 |
| 55 | Victory Pass & Arica | Power | United States | 2022 |
| 56 | Goodnight Wind Phase 1 | Power | United States | 2023 |
| 57 | Texas Microgrid II | Power | United States | 2022 |
| 58 | Project Maia | Infrastructure | United Kingdom | 2022 |
| 59 | GSRP Warehouse I, LLC | Power | United States | 2022 |
| 60 | Fresh Air Energy XXXVII, LLC/Cathcart Solar, LLC/Fresh Air Energy XXIII, LLC/Thigpen Farms Solar, LLC | Power | United States | 2022 |
| 61 | Ten West Link | Power | United States | 2022 |
| 62 | Project Gauss | Power | Spain, Portugal | 2022 |
| 63 | Prairie Switch Wind | Power | United States | 2022 |
| 64 | Bloom Fuel Cell Portfolio | Power | United States | 2022 |
| 65 | M7-M12 Integration Project | Infrastructure | Australia | 2023 |
| 66 | Matsudo Logistics Project | Others | Japan | 2022 |
| 67 | Cutlass Solar II | Power | United States | 2023 |
| 68 | Matterhorn Express Pipeline | Infrastructure | United States | 2023 |
| 69 | Eiffel | Power | United States | 2023 |
| 70 | Project Megawatt | Others | United States | 2023 |
| 71 | Port Arthur LNG Phase 1 | Oil & Gas | United States | 2023 |
| 72 | Naruohama Cold Storage Development Site (Project Echo) | Others | Japan | 2022 |
| 73 | Project Weisshorn | Others | Switzerland | 2022 |
| 74 | Cane Creek/Moonshot | Power | United States | 2023 |
| 75 | Project WA13 | Others | United States | 2023 |
| 76 | NoVA Data Center | Others | United States | 2023 |
| 77 | Coastal GasLink Pipeline | Oil & Gas | Canada | 2022 |
Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 27
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: 9
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | 1 | 2 | |
| Oil & Gas | |||
| Power | |||
| Others | 1 | 3 | 2 |
| Region | |||
| Americas | 1 | ||
| Europe, Middle East & Africa | 1 | ||
| Asia Pacific | 2 | 2 | 3 |
| Country Designation | |||
| Designated Country 4 | 1 | 3 | |
| Non Designated Country | 2 | 2 | 1 |
| Both | |||
| Independent Review | |||
| Yes | 1 | 1 | |
| No | 1 | 2 | 4 |
| Totals | 2 | 3 | 4 |
Category A – Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented.
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.
Category C – Projects with minimal or no adverse environmental and social risks and/or impacts.
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
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 | |
| 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 | Project Location(s) | Year of Financial Close |
|---|---|---|---|---|
| 1 | USD2.165 Billion Atradius Covered Facility Agreement for Land Development Works of the New Manila International Airport | Infrastructure | Philippines | 2022 |
| 2 | New Hospital Construction Project | Infrastructure | Japan | 2022 |
| 3 | Belluna Sapporo Hotel Project | Infrastructure | Japan | 2022 |
| 4 | Project Orion | Others | Hungary | 2022 |
| 5 | Toyota fuel cell R&D and manufacturing project | Others | China | 2023 |
| 6 | London City Airport Amendment & Extension | Infrastructure | United Kingdom | 2022 |
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 Solution Products Division
At MUFG Bank, assessment, management, and other administrative tasks related to the
environmental and social consideration of development projects are conducted by the Social and Environment Risk Management Department, Solution Products 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.