Reporting – Bank of Montreal (2017 – 2018)

Adoption Date:15 September 2005
Country of Headquarters:Canada
Region of Headquarters:North America
Institutional Reporting Hyperlink:http://www.bmo.com/home/about/banking/corporate-responsibility/customers/responsible-lending#project_financing
Current EPFI Reporting Year/Period:1 November 2017 - 31 October 2018
EPFI Reporting in Compliance:Yes

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: 3

Totals120
Totals120
SectorCategory ACategory BCategory C
Mining1
Infrastructure
Oil & Gas
Power1
Others1
RegionCategory ACategory BCategory C
Americas12
Europe, Middle East & Africa
Asia Pacific
Country DesignationCategory ACategory BCategory C
Designated12
Non-Designated1
Independent ReviewCategory ACategory BCategory C
Yes12
No

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

3 projects were not disclosed as per the disclosure conditions specified in Annex B of the Equator Principles

PROJECT-RELATED CORPORATE LOANS

Total number that reached financial close in the reporting period: 0

IMPLEMENTATION OF THE EQUATOR PRINCIPLES

The Equator Principles (Principles) are an important part of BMO’s evaluation of all:

  • Project Financial Advisory Services where total project capital costs are greater than US$10M;
  • Project Finance with total project capital costs greater than US$10M;
  • Project-Related Corporate Loans where, among other requirements, the total aggregate loan is at least US$100M; and
  • Bridge Loans with a tenor of less than two years that are intended to be refinanced by Project Finance or Project Related Corporate Loans based on the criteria set out in the Principles.

BMO follows a disciplined approach to lending, which requires adherence to internal financing guidelines. Project Finance financing guidelines incorporate both the Principles and sound environmental management practices. The Project Finance financing guidelines require the Principles to be addressed as part of the credit approval process which require final authorization/approval by BMO’s credit risk management group. BMO’s Director, Environmental, Social and Governance provides support and guidance to BMO employees in their application of the Principles.

Further detail is available at http://www.bmo.com/home/about/banking/corporate-responsibility/customers/responsible-lending#project_financing