The Equator Principles

What is the Equator Principles?

The Equator Principles is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects and is primarily intended to provide a minimum standard for due diligence and monitoring to support responsible risk decisionmaking.

The Norinchukin Bank’s Initiatives

The Bank has a basic policy to make investments and loans with a high-level of public responsibility and a broad range of social responsibilities, including considerations relative to the sustainable maintenance of the environment. Based on the increasing public awareness of environmental and social issues and society’s expectations of financial institutions, from the viewpoint of realizing a higher level of consideration toward the sustainable maintenance of the environment, the Bank adopted the Equator Principles in May 2017. Specifically, based on the Basic Policy on Finance, the Bank has formulated the Basic Policy Regarding the Equator Principles and the Administration Guidelines for the Equator Principles, deployed in the Project and Asset Finance Division the staff dedicated to verifying the eligibility of applying projects according to the Equator Principles. The Bank continues to request that customers address environmental and social considerations at the required level according to the project category.

Environmental and Social Risk Assessment process

Definition of project category

Category Definition

A

Projects with potential significant adverse environmental and social risks and/or impacts that are diverse, irreversible or unprecedented

B

Projects with potential limited adverse environmental and social risks and/or impacts that are few in number, generally site-specific, largely reversible and readily addressed through mitigation measures

C

Projects with minimal or no adverse environmental and social risks and/or impacts

Financed transactions in accordance with Equator Principles in FY 2018
(From 1 April 2018 to 31 March 2019)

<Project Finance>

By Secter A B C

Mining

0

0

0

Infrastructure

0

0

0

Oil and Gas

0

0

0

Power

1

2

3

Other

0

0

0

Total

1

2

3

By Region A B C

Americas

0

0

0

Europe,
Middle East
and Africa

1

2

0

Asia
Pacific

0

0

3

Total

1

2

3

Designated and Non-Designated Countries A B C

Designated Countries

0

2

3

Non-Designated Countries

1

0

0

Total

1

2

3

Independent Review A B C

Yes

1

2

0

No

0

0

3

Total

1

2

3

<Project-Related Corporate Loans>

No transactions in FY 2018.

<Project Finance Advisory Services and Bridge Loans>

No transactions in FY 2018.

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