Reporting – Nedbank Limited (2017)

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

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

Totals110
Totals110
SectorCategory ACategory BCategory C
Mining1
Infrastructure
Oil & Gas1
Power
Others
RegionCategory ACategory BCategory C
Americas
Europe, Middle East & Africa11
Asia Pacific
Country DesignationCategory ACategory BCategory C
Designated 1
Non-Designated11
Independent ReviewCategory ACategory BCategory C
Yes11
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 NameSectorHost Country Name/ Project LocationYear of Financial Close
1Nokeng Fluorspar mineMiningSouth Africa2017

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

Totals010
SectorCategory ACategory BCategory C
Mining
Infrastructure
Oil & Gas1
Power
Others
RegionCategory ACategory BCategory C
Americas
Europe, Middle East & Africa1
Asia Pacific
Country DesignationCategory ACategory BCategory C
Designated11
Non-Designated
Independent ReviewCategory ACategory BCategory C
Yes1
No
Totals010

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.