Reporting – The Norinchukin Bank (2018-2019)

Adoption Date:1 May 2017
Country of Headquarters:Japan
Region of Headquarters:Asia
Institutional Reporting Hyperlink:https://www.nochubank.or.jp/en/about/equatorprinciples.html
Current EPFI Reporting Year/Period:To 31 March 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: 6

Totals123
Totals123
SectorCategory ACategory BCategory C
Mining
Infrastructure
Oil & Gas
Power123
Others
Region
Americas
Europe, Middle East & Africa12
Asia Pacific3
Country Designation
Designated123
Non-Designated1
Independent Review
Yes12
No3

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

6 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

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.

Further information on the Norinchukin’s Bank implementation of the EP is available at: https://www.nochubank.or.jp/en/about/equatorprinciples.html