| Adoption Date: | 10 November 2005 |
| Country of Headquarters: | South Africa |
| Region of Headquarters: | Africa |
| Institutional Reporting Hyperlink: | |
| Current EPFI Reporting Year/Period: | 2017 |
| EPFI Reporting in Compliance: | Yes |
Reporting – Nedbank Limited (2017)
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: 2
Totals 1 1 0
Totals 1 1 0
Sector Category A Category B Category C
Mining 1
Infrastructure
Oil & Gas 1
Power
Others
Region Category A Category B Category C
Americas
Europe, Middle East & Africa 1 1
Asia Pacific
Country Designation Category A Category B Category C
Designated 1
Non-Designated 1 1
Independent Review Category A Category B Category C
Yes 1 1
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
No. Project Name Sector Host Country Name/ Project Location Year of Financial Close
1 Nokeng Fluorspar mine Mining South Africa 2017
1 project was 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: 1
| Totals | 0 | 1 | 0 |
|---|---|---|---|
| Sector | Category A | Category B | Category C |
| Mining | |||
| Infrastructure | |||
| Oil & Gas | 1 | ||
| Power | |||
| Others | |||
| Region | Category A | Category B | Category C |
| Americas | |||
| Europe, Middle East & Africa | 1 | ||
| Asia Pacific | |||
| Country Designation | Category A | Category B | Category C |
| Designated1 | 1 | ||
| Non-Designated | |||
| Independent Review | Category A | Category B | Category C |
| Yes | 1 | ||
| No | |||
| Totals | 0 | 1 | 0 |
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
The EP implementation within Nedbank falls within Nedbank Corporate Investment Banking clutster/BU.
The EP procedure falls within an overall procedure for environmental and social (“E&S”) review of transactions (hereafter referred to as “SEMS (Social & Environmental management system) Procedure”).
The SEMS process does not include only Project finance styled deals but specific products. Environmental & Social assessments are initiated during the course of credit application and review cycle. By extension the EP implementation occurs via this process. Monitoring also occurs via the credit review cycle and in consideration for specific EP covenants placed within the facility /Common terms agreement. In terms of the equator principles reviewers, within CIB cluster there are 3 staff currently to comply to SEMS procedure and by extension the EP implementation.
External assurance occurs annually on the EP implementation within CIB and for the 2017 FY there were no findings.
