Reporting – The Norinchukin Bank (2017-2018)

Adoption Date:1 May 2017
Country of Headquarters:Japan
Region of Headquarters:Asia
Institutional Reporting Hyperlink:
Current EPFI Reporting Year/Period:To 31 March 2018 (First year implementation)
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

First year grace period applies

PROJECT FINANCE TRANSACTIONS

Total number that reached financial close in the reporting period: 5

Totals050
Totals051
SectorCategory ACategory BCategory C
Mining
Infrastructure
Oil & Gas
Power4
Others1
Region
Americas1
Europe, Middle East & Africa1
Asia Pacific3
Country Designation
Designated13
Non-Designated2
Independent Review
Yes4
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

First year grace period applies

PROJECT-RELATED CORPORATE LOANS

First year grace period applies

IMPLEMENTATION OF THE EQUATOR PRINCIPLES

Mandate of the Equator Principles(“EPs”) Reviewer (e.g. responsibilities and staffing)

4 people are mandated as EPs Reviewers. Their responsibilities are to confirm the projects comply with EPs.

Respective roles of the Equator Principles Reviewers, business lines, and senior management in the transaction review process

Business lines make the screening form in relation to EPs for the purpose of describing the overview of projects and provide EPs Reviewers with the form and related information (e.g. ESIA and Due Diligence reports). The reviewers confirm whether projects are based on EPs and decide whether projects comply with EP. Following the decision, senior management finally approves the project finance transactions.

Incorporation of the EPs in the bank’s credit and risk management policies and procedures

We established Basic Policies for EPs and Policies and Procedures for EPs. Projects have been financed in line with the policies.

Internal preparation and staff training

EPs Reviewers held seminars for training our employees who were in charge of project finance and corporate finance in Japan and overseas branches. The seminars included the explanations of EPs and procedures to confirm projects in compliance with EPs and introduce case study with respect to EPs.