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
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.

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
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.

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.