Standard Chartered PLC (2021)

Adoption Date: 08 Oct 2003
Country of Headquarters: United Kingdom
Region of Headquarters: Europe
Current EPFI Reporting Year/Period: 2021
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: 0

Project Finance Transactions

Total number that reached Financial Close in the reporting period: 23

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure 2 3 3
Oil & Gas 2
Power 4 9
Others
Region
Americas 1
Europe, Middle East & Africa 5 7
Asia Pacific 3 4 3
Country Designation
Designated Country4 6 1
Non Designated Country 8 6 2
Independent Review
Yes 8 12 1
No 2
Totals 8 12 3
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: 1

Sector
Mining
Infrastructure
Oil & Gas
Power 1
Others
Sub-Total 1
Region
Americas 1
Europe, Middle East & Africa
Asia Pacific
Sub-Total 1
Country Designation
Designated Country 1
Non Designated Country
Sub-Total 1

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 Crawfish, Happy & Ventress Solar Power United States 2021
2 Dubai Waste Management Centre Power United Arab Emirates 2021
3 Fatehgarh Project Power India 2021
4 Jazan Integrated Gasification & Power Oil & Gas Saudi Arabia 2021
5 Sudair PV IPP Power Saudi Arabia 2021
6 Mercury Taiwan Holdings Limited - CHW01 Power Taiwan R.O.C 2021
7 Yanbu IV IWP Infrastructure Saudi Arabia 2021
8 ACWA Power Sirdarya Power Uzbekistan 2021
9 Dogger Bank A Offshore Wind Farm Power United Kingdom 2021
10 Dogger Bank B Offshore Wind Farm Power United Kingdom 2021
11 Dogger Bank C Offshore Wind Farm Power United Kingdom 2021
12 Jubail 3B IWP Infrastructure Saudi Arabia 2021
13 New Footscray Hospital Infrastructure Australia 2021
14 Adani Transmission Lines Infrastructure India 2021
15 Northeast Link Infrastructure Australia 2021
16 Avingrid Vineyard Wind I Power United States 2021

Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 8

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: 7

Equator Principles Category A1 B2 C3
Sector
Mining
Infrastructure 1 6
Oil & Gas
Power
Others
Region
Americas
Europe, Middle East & Africa 1 3
Asia Pacific 3
Country Designation
Designated Country4
Non Designated Country 1 6
Independent Review
Yes 1 2
No 4
Totals 1 6
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

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 Country(s) Year of Financial Close
1 Eastern Entrance Douala Infrastructure Cameroon 2021
2 Olembe Stadium Infrastructure Cameroon 2021

Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 5

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

The Equator Principles are intended to serve as a common baseline and a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects. As a member since 2003, we apply these principles to ensure the projects we finance and advise on are developed in a manner that is socially responsible and reflects sound environmental management practices. Further, we use these principles as a platform for our own internal policies, procedures and standards for project due diligence.

Standard Chartered’s framework and approach to implementing E&S standards, including the EPs is here.