BANK OF MONTREAL

Adoption Date: 15 September 2005
Country of Headquarters: Canada
Region of Headquarters: North America
Institutional Reporting Hyperlink:

https://www.bmo.com/home/about/banking/corporate-responsibility/customers/responsible-lending#project_financing

Current EPFI Reporting Year/Period: 1 November 2015 - 31 October 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

Totals
0
2
0
Sector
Category A
Category B
Category C
Mining


Infrastructure


Oil & Gas


Power
2
Others


Region
Category A
Category B
Category C
Americas
2
Europe, Middle East & Africa


Asia Pacific


Country Designation
Category A
Category B
Category C
Designated1
2
Non-Designated


Independent Review
Category A
Category B
Category C
Yes
2
No


Totals
0
2
0

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 (OCTOBER 2015 - SEPTEMBER 2016)

No. Project Name
Sector
Host Country Name/ Project Location Year of Financial Close
1 Windsor Solar LP Power Canada 2016
2 Southgate Solar Power Canada 2016

 

PROJECT-RELATED CORPORATE LOANS


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

Totals
0
2
0
Sector
Category A
Category B
Category C
Mining


Infrastructure
1
Oil & Gas
1
Power


Others


Region
Category A
Category B
Category C
Americas
1
Europe, Middle East & Africa
1
Asia Pacific


Country Designation
Category A
Category B
Category C
Designated1
2
Non-Designated


Independent Review
Category A
Category B
Category C
Yes
2
No


Totals
0
2
0

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

The Equator Principles (Principles) are an important part of BMO’s evaluation of all:

  • Project Financial Advisory Services where total project capital costs are greater than US$10M;
  • Project Finance with total project capital costs greater than US$10M;
  • Project-Related Corporate Loans where, among other requirements, the total aggregate loan is at least US$100M; and
  • Bridge Loans with a tenor of less than two years that are intended to be refinanced by Project Finance or Project Related Corporate Loans based on the criteria set out in the Principles.

BMO follows a disciplined approach to lending, which requires adherence to internal financing guidelines.  Project Finance financing guidelines incorporate both the Principles and sound environmental management practices. The Project Finance financing guidelines require the Principles to be addressed as part of the credit approval process which require final authorization/approval by BMO’s credit risk management group. BMO’s Director, Environmental, Social and Governance provides support and guidance to BMO employees in their application of the Principles.

Further detail is available at http://www.bmo.com/home/about/banking/corporate-responsibility/customers/responsible-lending#project_financing