Reporting – CIFI (Corporacion Interamericana Para El Financiamiento de Infraestructura S.A.) (2016)

Adoption Date:6 April 2007
Country of Headquarters:Panama
Region of Headquarters:Latin America
Institutional Reporting Hyperlink:http://www.cifi.com/wp-content/uploads/2017/09/ep_report2016.pdf

http://www.cifi.com/portal-del-inversionista/gestion-ambiental-y-social/
Current EPFI Reporting Year/Period:2016
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: 3

SectorTotal
Sub Total1
Mining
Infrastructure
Oil & Gas
Power1
Others
RegionTotal
Sub Total1
Americas1
Europe, Middle East & Africa
Asia Pacific

PROJECT FINANCE TRANSACTIONS

Total number that reached financial close in the reporting period: 2

Totals110
SectorCategory ACategory BCategory C
Mining
Infrastructure1
Oil & Gas
Power1
Others
RegionCategory ACategory BCategory C
Americas11
Europe, Middle East & Africa
Asia Pacific
Country DesignationCategory ACategory BCategory C
Designated1
Non-Designated11
Independent ReviewCategory ACategory BCategory C
Yes11
No
Totals110

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: http://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
1Las LajasPowerHonduras2016
2Kingston Container TerminalInfrastructure Jamaica2016

PROJECT-RELATED CORPORATE LOANS

Total number that reached financial close in the reporting period: 1

Totals010
SectorCategory ACategory BCategory C
Mining
Infrastructure
Oil & Gas
Power1
Others
RegionCategory ACategory BCategory C
Americas1
Europe, Middle East & Africa
Asia Pacific
Country DesignationCategory ACategory BCategory C
Designated1
Non-Designated1
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: http://www.equator-principles.com/index.php/ep3/designated-countries

IMPLEMENTATION OF THE EQUATOR PRINCIPLES

CIFI’s environmental and social mission is to add value to projects by fostering the identification, assessment, and monitoring of their potential impacts on people and the environment, with the objective to manage and minimize their environmental and social risks and impacts while ensuring consistency with CIFI’s environmental and social requirements.

CIFI is a) committed to identifying and minimizing potential environmental and social risk and impacts in its lending; b) striving for positive development through effective and comprehensive  environmental and social risk assessment, monitoring and supervision efforts; c) committed to carrying out a thorough due diligence of its direct investments to avoid or minimize negative impacts to people and the environment; d) committed to not providing financing to any project or company whose primarily business activities are listed in our Exclusion List; e) committed to securing resources to maintain our Environmental and Social Managing System (ESMS) as well as improving its overall environmental and social performance; and f) committed to communicating our environmental and social expectation to all our staff, clients, and other external stakeholders.

CIFI’s goals are achieved mainly through the use of our Environmental and Social Management System (ESMS), which includes the International Finance Corporation’s Performance Standards on Social and Environmental Sustainability (2012) and the Equator Principles (EP III 2013). In addition, CIFI may use other equivalent international best practices or international environmental and social standards.

CIFI’s robust ESMS is fully integrated into the investment cycle (identification, screening and approval (or rejection) of transactions). To contribute to an overall effective ESMS performance, the Responsibilities for ESMS oversight and implementation are integrated within CIFI in four main teams: Business Development and Structuring Team, E&S Team, Portfolio Team and Senior Management, while the Legal Team provides support to the four teams as needed

 

Further information can be found at:

http://www.cifi.com/portal-del-inversionista/gestion-ambiental-y-social/# – In Spanish

http://www.cifi.com/wp-content/uploads/2017/09/ep_report2016.pdf