Reporting – E.SUN Commercial Bank, LTD (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|
|Europe, Middle East & Africa|
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
7 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
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, 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 since 2016, with the followings tasks:
1. Manage the internal evaluation process and related documents to meet the Equator Principles’ requirements, and conduct the internal evaluation reports for the EP projects.
2. Carry out multiple training programs to RM Teams, as well as the head office related personnels.
3. Continuously track and update information about the Equator Principles, and communicate with Asian EPFIs via conference call, and adjust E.SUN Bank’s internal practices in accordance with new regulations including EP IV.
4. Perform post-loan management for the Equator Principles cases, and corporate with RM Team to monitor projects’ environmental & social risks and the management plans.
Further information about E.Sun Commercial Bank, Ltd’s implementation of the EPs is available at: