|Adoption Date:||6 April 2007|
|Country of Headquarters:||Panama|
|Region of Headquarters:||Latin America|
|Institutional Reporting Hyperlink:||http://www.cifi.com/wp-content/uploads/2021/08/ep_report2020_cifi.pdf
|Current EPFI Reporting Year/Period:||2020|
|EPFI Reporting in Compliance:||Yes|
Reporting – CIFI (Corporacion Interamericana Para El Financiamiento de Infraestructura S.A.) (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: 7
|Sector||Category A||Category B||Category C|
|Oil & Gas|
|Region||Category A||Category B||Category C|
|Europe, Middle East & Africa|
|Country Designation||Category A||Category B||Category C|
|Independent Review||Category A||Category B||Category C|
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 UMOE BIOENERGY
Infrastructure Brazil 2020
2 INNOVATTEL Infrastructure Dominican Republic 2020
3 ECUADOR TOWER COMPANY Infrastructure Ecuador 2020
4 PHOENIX TOWER INTERNATIONAL ECUADOR Infrastructure Ecuador 2020
5 GESTION SOLAR Power Chile 2020
6 LLAY LLAY Power Chile 2020
7 SAN MIGUEL Power Mexico 2020
PROJECT-RELATED CORPORATE LOANS
Total number that reached financial close in the reporting period: 0
IMPLEMENTATION OF THE EQUATOR PRINCIPLES
CIFI’s environmental and social mission is to add value to projects by fostering the identification, assessment, and monitoring of their potential impacts on people and the environment, with the objective to manage and minimize their environmental and social risks and impacts while ensuring consistency with CIFI’s environmental and social requirements.
CIFI is a) committed to identifying and minimizing potential environmental and social risk and impacts in its lending; b) striving for positive development through effective and comprehensive environmental and social risk assessment, monitoring and supervision efforts; c) committed to carrying out a thorough due diligence of its direct investments to avoid or minimize negative impacts to people and the environment; d) committed to not providing financing to any project or company whose primarily business activities are listed in our Exclusion List; e) committed to securing resources to maintain our Environmental and Social Managing System (ESMS) as well as improving its overall environmental and social performance; and f) committed to communicating our environmental and social expectation to all our staff, clients, and other external stakeholders.
CIFI’s goals are achieved mainly through the use of our Environmental and Social Management System (ESMS), which includes the International Finance Corporation’s Performance Standards on Social and Environmental Sustainability (2012) and the Equator Principles (EP III 2013). In addition, CIFI may use other equivalent international best practices or international environmental and social standards.
CIFI’s robust ESMS is fully integrated into the investment cycle (identification, screening and approval (or rejection) of transactions). To contribute to an overall effective ESMS performance, the Responsibilities for ESMS oversight and implementation are integrated within CIFI in four main teams: Business Development and Structuring Team, E&S Team, Portfolio Team and Senior Management, while the Legal Team provides support to the four teams as needed
Further information can be found at: