Reporting – Green Investment Group Limited (2015 – 2016)

Adoption Date:2 December 2013
Country of Headquarters:UK
Region of Headquarters:Europe
Institutional Reporting Hyperlink:http://www.greeninvestmentbank.com/governance/governance-documents/annual-reports
Current EPFI Reporting Year/Period:1 April 2015 - 31 March 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: 0

PROJECT FINANCE TRANSACTIONS

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

Totals020
SectorCategory ACategory BCategory C
Mining
Infrastructure1
Oil & Gas
Power1
Others
RegionCategory ACategory BCategory C
Americas
Europe, Middle East & Africa2
Asia Pacific
Country DesignationCategory ACategory BCategory C
Designated12
Non-Designated
Independent ReviewCategory ACategory BCategory C
Yes2
No
Totals020

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 (APRIL 2015 – MARCH 2016 ONLY)

No.Project NameSectorHost Country Name/ Project LocationYear of Financial Close
1Blackcraig Wind FarmPowerUK2015
2Gloucestershire Waste PPPInfrastructureUK2016

PROJECT-RELATED CORPORATE LOANS

Total number that reached financial close in the reporting period: 0

IMPLEMENTATION OF THE EQUATOR PRINCIPLES

Our environmental and social risk appetite is considered as an integral part of GIB’s risk framework, which is reviewed and approved by the Audit and Risk Committee of the Board. Details of GIB’s risk framework can be found in the Audit and Risk Committee report in our full Annual Report (available from www.greeninvestmentbank.com/governance/governance-documents/annual-reports).

The Green Investment Policy and the Responsible Investment Policy (available from www.greeninvestmentbank.com/green-impact), together with our Green Investment Handbook (available from www.greeninvestmentbank.com/green-impact/green-investment-handbook), set out our approach to assessment, monitoring and reporting of environmental and social risk, including the incorporation of Equator Principles.

Our in-house Green Team works with the Investment Banking team to analyse every proposed investment in line with the requirements of the Equator Principles (in addition to our Green and Responsible Investment Policy suite). This includes screening all new investments for Equator Principles applicability, categorisation of projects in accordance with Principle 1, and assessing investments for compliance with all remaining applicable Principles. Where investments are screened as being Equator Principles-applicable, we also seek external advice from technical advisors on Equator Principles compliance.

Our Green Team comprises five environmental and sustainability specialists. Each Green Team member is allocated responsibility for specific investment sectors – these include offshore wind, waste, bio-energy, energy efficiency, onshore renewables, and international. Working alongside colleagues from the Investment Banking, Risk, Compliance, Legal, and Portfolio Investment Management teams, this integrated team ensures the projects are appropriately categorised, assessed, covenanted and monitored.