| Adoption Date: | 15 September 2005 |
| Country of Headquarters: | Canada |
| Region of Headquarters: | North America |
| Institutional Reporting Hyperlink: | https://corporate-responsibility.bmo.com/wp-content/uploads/2019/11/Equator-Principles-Reporting_FINAL-Nov.-18-v4.pdf |
| Current EPFI Reporting Year/Period: | 1 November 2018 - 31 October 2019 |
| EPFI Reporting in Compliance: | Yes |
Reporting – Bank of Montreal (2018-2019)
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: 1
| Sector | Total |
|---|---|
| Sub Total | 1 |
| Mining | |
| Infrastructure | 1 |
| Oil & Gas | |
| Power | |
| Others |
| Region | Total |
|---|---|
| Sub Total | 1 |
| Americas | 1 |
| Europe, Middle East & Africa | 0 |
| Asia Pacific | 0 |
PROJECT FINANCE TRANSACTIONS
Total number that reached financial close in the reporting period: 4
Totals 2 2 0
Totals 2 2 0
Sector Category A Category B Category C
Mining 2
Infrastructure
Oil & Gas 1
Power 1
Others
Region Category A Category B Category C
Americas 1 2
Europe, Middle East & Africa
Asia Pacific
Country Designation Category A Category B Category C
Designated1 1 2
Non-Designated 1
Independent Review Category A Category B Category C
Yes 1 2
No 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 | Aurelian Ecuador S.A. - Fruta-del-Norte Project | Mining | Ecuador | 2018 |
| 2 | Compania Minera Teck Quebrada Blanca S.A. - QB2 Project | Mining | Chile | 2019 |
| 3 | Gray Oak Pipeline LLC | Oil & Gas | USA | 2019 |
| 4 | Lackawanna Energy Center | Power | USA | 2019 |
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 Chief Sustainability Officer 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
