OCBC Bank (2023)

Signing Date 01 Dec 2020
Region of Headquarters: Asia-Oceania
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: 0

Project Finance Transactions

Total number that reached Financial Close in the reporting period: 10

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure 1
Oil & Gas 2
Power 3 1
Others 2 1
Region
Americas 2
Europe, Middle East & Africa 1
Asia Pacific 2 4 1
Country Designation
Designated Country 4 2 1
Non Designated Country 2 4 1
Both
Independent Review
Yes 4 4 1
No 1
Totals 4 5 1
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

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 Project Location(s) Year of Financial Close
1 Westlink M7-M12 Integration Project Infrastructure Australia 2023
2 Port Arthur LNG, LLC Oil & Gas United States 2023
3 Rio Grande LNG, LLC Oil & Gas United States 2023
4 RDMP Balikpapan Others Indonesia 2023
5 SK ON Hungary Kft Others Hungary 2023
6 Project Millenium Falcon Others Indonesia 2023
7 Changhua 03 Floating Solar Power Taiwan, China 2023
8 Changhua 04 Floating Solar Power Taiwan, China 2023
9 Project Panda Power Viet Nam 2023
10 Amateras Solar Power Japan 2023

Project-Related Corporate Loans

Total number that reached Financial Close in the reporting period: 1

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure 1
Oil & Gas
Power
Others
Region
Americas
Europe, Middle East & Africa
Asia Pacific 1
Country Designation
Designated Country 4
Non Designated Country 1
Both
Independent Review
Yes
No 1
Totals 1
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

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)

No. Project Name Sector Project Location(s) Year of Financial Close
1 Project SPAM Jatiluhur-Hulu, SPAM Karian Serpong dan IPA Buaran III Infrastructure Indonesia 2023

Implementation of the Equator Principles

Equator Principles implementation is integrated into the bank’s ESG risk assessment and credit review process. Internally, we established Equator Principles Implementation Procedure in 2021 to guide business and credit risk managers on the Equator Principles requirement. In 2022, the Equator Principles e-learning course was made available to all OCBC employees.

We put in place an internal organization and implemented relevant processes and procedures to meet the implementation requirements under the Equator Principles. Consistent with the Bank’s overall risk management approach, the Bank manages the implementation of Equator Principles requirements by adopting the Three Lines of Defence model:

1) Business Relationship managers conduct ESG risk assessments on their clients, including identifying if proposed transactions fall within the scope of Equator Principles and conduct the initial risk assessment, obtaining further information from clients as necessary. They also perform regular monitoring of their client’s EPs compliance to covenants (if any) and provide monitoring reports. A dedicated team of ESG specialists conduct enhanced due diligence to review and ensure that Equator Principles requirements are met according to their project categorizations.
2) Credit approving officers independently review and approve the ESG risk assessments, creating a structure of governance and control
3) Group Audit provides assurance that this process is effective and complies with regulations and our internal standards.