NatWest Group Plc (2023)
| Signing Date | 04 Jun 2003 |
| Region of Headquarters: | Europe |
| Current EPFI Reporting Year/Period: | 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: 1
| Sector | |
|---|---|
| Mining | |
| Infrastructure | |
| Oil & Gas | |
| Power | 1 |
| Others | |
| Sub-Total | 1 |
| Region | |
|---|---|
| Americas | |
| Europe, Middle East & Africa | 1 |
| Asia Pacific | |
| Sub-Total | 1 |
Project Finance Transactions
Total number that reached Financial Close in the reporting period: 25
| Equator Principles Category | A1 | B2 | C3 |
|---|---|---|---|
| Sector | |||
| Mining | |||
| Infrastructure | |||
| Oil & Gas | 1 | ||
| Power | 13 | ||
| Others | 3 | 8 | |
| Region | |||
| Americas | 1 | 6 | 5 |
| Europe, Middle East & Africa | 10 | 3 | |
| Asia Pacific | |||
| Country Designation | |||
| Designated Country 4 | 1 | 16 | 8 |
| Non Designated Country | |||
| Both | |||
| Independent Review | |||
| Yes | 1 | 15 | 7 |
| No | 1 | 1 | |
| Totals | 1 | 16 | 8 |
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: 0
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 | Project Eoliennes en Mer Dieppe Le Treport (TRE) | Power | France | 2023 |
| 2 | Project Eoliennes en Mer Iles d'Yeu et de Noirmoutier (NOY) | Power | France | 2023 |
| 3 | BLOSSOM | Power | United Kingdom | 2023 |
| 4 | Project Windbreaker - Blackhillock | Others | United Kingdom | 2023 |
| 5 | Project Andy (Moray West) | Power | United Kingdom | 2023 |
| 6 | Project Fuse II | Others | United Kingdom | 2023 |
| 7 | Honeysuckle | Power | United States | 2023 |
| 8 | Prairie Ronde | Power | United States | 2023 |
| 9 | Endurance | Power | United States | 2023 |
| 10 | Pacific Green | Others | United Kingdom | 2023 |
| 11 | Borrum | Power | United Kingdom | 2023 |
| 12 | Project Varco | Others | United Kingdom | 2023 |
| 13 | Double Black Diamond | Power | United States | 2023 |
| 14 | Project Tilbury | Others | United Kingdom | 2023 |
| 15 | Project Rio Grande | Oil & Gas | United States | 2023 |
| 16 | Project Purple Pompey | Power | Germany | 2023 |
| 17 | Maryland | Power | United States | 2023 |
| 18 | Broken Cross | Power | United Kingdom | 2023 |
| 19 | Compass Datacentre PHX01 | Others | United States | 2023 |
| 20 | Compass Datacentre AD | Others | United States | 2023 |
| 21 | Compass Datacentre PHX02 | Others | United States | 2023 |
| 22 | Compass Datacentre TX | Others | United States | 2023 |
| 23 | Compass Datacentre ONE | Others | United States | 2023 |
| 24 | Project Sphere | Others | United Kingdom | 2023 |
| 25 | Project Astro (Starr) | Power | United States | 2023 |
Project-Related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Project-related Refinance & Project-related Acquisition For Project-related Corporate Loans
Total number that reached Financial Close in the reporting period: 0
Implementation of the Equator Principles
Equator principles | NatWest Group
All transactions that fall within the scope of EP undergo an initial environmental and social risk screening (using a questionnaire). Typically for project finance deals, a suitably qualified technical advisor is engaged, who provides an opinion on potential environmental and social impacts of the project and compliance with the EP.
Additionally, such transactions are subject to enhanced due diligence by an ESE advisory team. This includes a review of the project-related transaction for compliance with the EP. The end result is documented and forms part of the credit application pack submitted for approval. The EP use a scale of categorisation – A to C – to determine the scale of environmental and social impacts, with Category A being projects with the highest impacts and Category C, the lowest. Depending on the risk category, the prospective financing may be subject to a further and separate review by a Reputational Risk Committee.
The requirements of the EP are embedded in the bank’s ESE Risk Policy.