Reporting – Bank of Nova Scotia (2019 – 2020)

Adoption Date:25 September 2006
Country of Headquarters:Canada
Region of Headquarters:North America
Institutional Reporting Hyperlink:https://www.scotiabank.com/ca/en/about/responsibility-impact.html
Current EPFI Reporting Year/Period:1 November 2019 - 31 October 2020
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: 6

SectorTotal
Sub Total6
Mining1
Infrastructure5
Oil & Gas
Power
Others

RegionTotal
Sub Total6
Americas6
Europe, Middle East & Africa
Asia Pacific

PROJECT FINANCE TRANSACTIONS

Total number that reached financial close in the reporting period: 7

Totals142
Totals142
SectorCategory ACategory BCategory C
Mining
Infrastructure2
Oil & Gas11
Power2
Others1
Region
Americas142
Europe, Middle East & Africa
Asia Pacific
Country Designation
Designated1142
Non-Designated
Independent Review
Yes142
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 (NOVEMBER 2019 – OCTOBER 2020)

No.Project NameSectorHost Country Name/ Project LocationYear of Financial Close
1Coastal Gaslink PipelineOil & GasCanada2020
2Wink to Webster Pipeline SystemOil & GasUSA2020
3Renovation of La Fontaine TunnelInfrastructureCanada2020
4New Adult Mental Health and Addictions FacilityInfrastructureCanada2020

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: 2

Totals110
Totals110
SectorCategory ACategory BCategory C
Mining
Infrastructure1
Oil & Gas
Power1
Others
Region
Americas1
Europe, Middle East & Africa
Asia Pacific1
Country Designation
Designated1
Non-Designated11
Independent Review
Yes11
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

IMPLEMENTATION OF THE EQUATOR PRINCIPLES

Scotiabank has a robust set of internal risk management documents that direct Banking and Credit Officers to ensure compliance with the Equator Principles (EPs) for in-scope transactions. These documents describe each of the EPs requirements and provide instructions on how to comply with them. They also outline Scotiabank’s internal review, approval and escalation procedures for these transactions. The Bank’s credit unit and senior management provide oversight and approval of EP transactions. Also, two dedicated environmental and social risk managers are available to provide technical advice and counsel, and training on all aspects of the EPs, when necessary. This team is also responsible for the Bank’s annual EPs reporting. Scotiabank has also developed an internal mandatory training course on environmental and climate change risk management, which includes a section on the EPs. The Banking and Credit Officers that are involved with project-related transactions are required to take this course annually. Refer to Scotiabank’s Impact and Responsibility website for more information: https://www.scotiabank.com/ca/en/about/responsibility-impact.html.