The Norinchukin Bank (To 31 Mar 2019)

Adoption Date: 01 May 2017
Country of Headquarters: Japan
Region of Headquarters: Asia-Oceania
Current EPFI Reporting Year/Period: To 31 Mar 2019
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: 6

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

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)

Number of projects that were not disclosed as per the disclosure conditions specified in Annex B of the Principles: 6

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: 0

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.

Implementation of the Equator Principles

Mandate of the Equator Principles(“EPs”) Reviewer (e.g. responsibilities and staffing)

4 people are mandated as EPs Reviewers. Their responsibilities are to confirm the projects comply with EPs.

Respective roles of the Equator Principles Reviewers, business lines, and senior management in the transaction review process

Business lines make the screening form in relation to EPs for the purpose of describing the overview of projects and provide EPs Reviewers with the form and related information (e.g. ESIA and Due Diligence reports). The reviewers confirm whether projects are based on EPs and decide whether projects comply with EP. Following the decision, senior management finally approves the project finance transactions.

Incorporation of the EPs in the bank’s credit and risk management policies and procedures

We established Basic Policies for EPs and Policies and Procedures for EPs. Projects have been financed in line with the policies.

Internal preparation and staff training

EPs Reviewers held seminars for training our employees who were in charge of project finance and corporate finance in Japan and overseas branches. The seminars included the explanations of EPs and procedures to confirm projects in compliance with EPs and introduce case study with respect to EPs.

Further information on the Norinchukin’s Bank implementation of the EP is available here.