Reporting – Manulife (2019)

Adoption Date:11 May 2005
Country of Headquarters:Canada
Region of Headquarters:North America
Institutional Reporting Hyperlink:https://www.manulife.com/en/about/sustainability/
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: 0

PROJECT FINANCE TRANSACTIONS

Total number that reached financial close in the reporting period: 20

Totals0020
Totals0020
SectorCategory ACategory BCategory C
Mining
Infrastructure3
Oil & Gas
Power5
Others12
RegionCategory ACategory BCategory C
Americas16
Europe, Middle East & Africa
Asia Pacific4
Country DesignationCategory ACategory BCategory C
Designated119
Non-Designated1
Independent ReviewCategory ACategory BCategory C
Yes
No20

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 NameSectorHost Country Name/ Project LocationYear of Financial Close
1Ergon PeruPowerPeru2019
2Parris IslandPowerUSA2019
3Kadena Air BasePowerUSA2019
4Norfolk Naval StationPowerUSA2019
5Corner Brook Health PartnershipInfrastructureCanada2019
6Gander and Grand-Falls Windsor Care HomesInfrastructureCanada2019
7Macdonald Block Reconstruction ProjectInfrastructureCanada
8Chaudière Falls facilityPowerCanada

12 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

Environmental and social risk review related to the Equator Principles is incorporated into our regular transaction review and approval process. As part of the due diligence for each project finance transaction, we require an independent third party advisor (technical independent engineer) who works on the lender’s behalf to write an Independent Engineer Report. Most reports include a specific review of the Equator Principles and having a report satisfactory to the lender is a condition precedent to closing.  For those transactions in which Equator Principles is not part of the scope of the Independent Engineer’s report, we self-assess.

Further information can be found in Manulife’s 2018 Public Accountability Statement available at:
https://www.manulife.com/content/dam/corporate/global/en/documents/pas/MFC_SR_PAS_2019.pdf