Download equator principles

EQUATOR PRINCIPLES
DNB has adopted the Equator Principles,
a common set of guidelines used by the majority
of large international financial institutions for
managing environmental and social issues in
project finance. All project financing involving total
costs of more than USD 10 million is to be reviewed
according to the Equator Principles.
DNB has an internal Equator Team which
categorises relevant projects based on the Equator
Principles. Credits that fall in under these principles
must be presented to the Equator Committee for
assessment and categorisation, preferably before
being presented at the relevant credit-approval
level. If this is not possible or logical, for example if a
social or environmental due diligence has not been
carried out or has not been completed, the matter
should be reviewed by the Equator Committee
after being considered by the relevant creditapproval body and as soon as practically possible.
As part of the annual loan review, compliance with
the Equator Principles should be evaluated and
reported to the relevant credit-approval body for
each credit commitment.
With effect from 2014, the Equator Principles have
also been applied in connection with project-related
corporate loans and bridging loans that meet
specific criteria (EP III). In 2015, a total of seven
projects and project-related corporate loans were
processed in accordance with the Equator Principles
and are reported in the tables to the right.
PROJECT FINANCE
6
Category
A
Total
B
Sector
Mining
Infrastructure
Oil & gas
Power
6
Other
Region
Americas
5
Europe, Middle East & Africa
1
Asia Pacific
Designated country
Designated country
6
Non-designated country
Independent review
Yes
6
No
PROJECT-RELATED CORPORATE LOANS
1
Category
Total
A
B
1
Sector
Mining
Infrastructure
Oil & gas
Links
DNBs project name reporting (according to annex B of the
Equator Principles) can be found here: http://www.equatorprinciples.com/index.php/members/dnb
Power
Other
1
Region
Americas
Europe, Middle East & Africa
1
Asia Pacific
Designated country
Designated country
Non-designated country
1
Independent review
Yes
No
EQUATOR PRINCIPLES
C
6
1
C