Reporting – E.SUN Commercial Bank, LTD (2019)

Adoption Date:28 December 2015
Country of Headquarters:Taiwan R.O.C.
Region of Headquarters:Asia
Institutional Reporting Hyperlink:https://www.esunfhc.com/en/csr/overview/customer/perseverance?tabid=tab02#tab-B
Current EPFI Reporting Year/Period:2019
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: 1

SectorTotal
Sub Total1
Mining0
Infrastructure0
Oil & Gas0
Power1
Others0
RegionTotal
Sub Total1
Americas0
Europe, Middle East & Africa0
Asia Pacific1

PROJECT FINANCE TRANSACTIONS

Total number that reached financial close in the reporting period: 10

Totals271
Totals271
SectorCategory ACategory BCategory C
Mining
Infrastructure2
Oil & Gas
Power251
Others
Region
Americas3
Europe, Middle East & Africa
Asia Pacific241
Country Designation
Designated15
Non-Designated221
Independent Review
Yes261
No1

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 NameSector Host Country Name/ Project LocationYear of Financial Close
1Carroll County EnergyPowerUSA2019
2Project Karadeniz Powership KPS14PowerIndonesia2019
3CSBC roof top solar projectsPowerTaiwan2019
4Yunlin Offshore windfarmPowerTaiwan2019
5Formosa 2 Wind PowerPowerTaiwan2019
6PetroVietnam GasInfrastructureVietnam2019
7Crookwell 2 Wind FarmPowerAustralia2019
8Tenaska WestmorelandPowerUSA2019
9Birdsboro Power PowerUSA2019
10Cross River Rail Project TunnelInfrastructureAustralia2019

PROJECT-RELATED CORPORATE LOANS

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

IMPLEMENTATION OF THE EQUATOR PRINCIPLES

E.SUN Bank adopted the Equator Principles on 28 December 2015. It is the responsibility of E.SUN Bank’s management to ensure that appropriate procedures are in place to ensure compliance with the Equator Principles. In accordance with current Equator Principles (2013), E.SUN Bank established the Environmental and Social Risk Team under Corporate Finance Division. The Environmental and Social Risk Team focus on building up internal system in 2016, which including followings:
1. Drawed up the project financing practices to meet the Equator Principles’ requirements, such as credit and review processes, and related written form etc.
2. Carried out multiple training programs which trainee covered Taiwan RM Teams, overseas branches, sub-branches, and the head office related personnel.
3. Continuously tracking and updating information about the Equator Principles, and communicating with Asian EPFIs via conference call, and adjusting E.SUN Bank’s internal practices in accordance with new regulations.
4. In 2016, the Environmental and Social Risk Team had assessed seven cases which are applicable the Equator Principles, and recommend improvements to customers to reduce the social and environment risk and impacts. Finally, there is only one case financial closed due to E.SUN Bank’s risk appetite and credit policy considerations.
5. Continuing post-loan management for the Equator Principles’ loan case, and environmental and social risk groups corporate with RM Team to monitor project’s environmental and social risks and improved commitment.

E.Sun Commercial Bank, Ltd’s Implementation Reporting is available at:

https://www.esunfhc.com/en/csr/overview/csr