|Adoption Date:||22 January 2013|
|Country of Headquarters:||Peru|
|Region of Headquarters:||Latin America|
|Institutional Reporting Hyperlink:||https://www.grupocredicorp.com/assets/pdf/2019_BCP_Sustainability_Report.pdf|
|Current EPFI Reporting Year/Period:||2020|
|EPFI Reporting in Compliance:||Yes|
Reporting – Banco de Crédito (2020)
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 above.
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: 2
Totals 0 1 1
Totals 0 1 1
Sector Category A Category B Category C
Mining Infrastructure 1 Oil & Gas Power Others 1
Region Americas 1 1
Europe, Middle East & Africa Asia Pacific Country Designation Designated1 Non-Designated 1 1
Independent Review Yes No 1 1
1Designated 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. For the list of Designated Countries, go to: https://www.equator-principles.com/index.php/ep3/designated-countries
PROJECT NAME REPORTING FOR PROJECT FINANCE TRANSACTIONS
No. Project Name Sector Host Country Name/ Project Location Year of Financial Close
1 Concession Contract Infrastructure Peru 2020
2 Mill and warehouse construction Others Peru 2020
PROJECT-RELATED CORPORATE LOANS
Total number that reached financial close in the reporting period: 0
IMPLEMENTATION OF THE EQUATOR PRINCIPLES
As part of its corporate commitment to sustainability, Banco de Crédito – BCP, the leading Peruvian financial institution, announced on January 22nd 2013 its adoption of the Equator Principles (EP). By incorporating the Equator Principles into BCP’s Credit Risk Management Policy, the bank is strengthening its risk analysis and assessment, especially of investment projects. Moreover, by embracing these principles the bank joins an important group of international financial institutions that are implementing best social and environmental risk management practices.
BCP has incorporated the EP III requirements for the analysis of environmental and social risks within its methodology and tools (such as a check- list and due diligence to analize issues such as the project scope, climate change issues, human rights and reporting requirements).
The guidelines for EP application process include an outsourcing model, in which independent experts seek to identify risks and social and environmental impacts on the respective economic sector. The review may result in covenants and action plans for clients for legal compliance with Peruvian laws and regulations for category B, and legal and technical review for category A.
Further information about Banco de Crédito del Perú´s implementation is available at: https://www.viabcp.com/wcm/connect/c45ed29f-031d-4748-87ea-1027aafc1016/Memoria+Integrada+BCP+2020.pdf?MOD=AJPERES&CVID=nyIHDGj&attachment=false&id=1617804852779