NEDBANK LIMITED

Adoption Date: 10 November 2005
Country of Headquarters: South Africa
Region of Headquarters: Africa
Institutional Reporting Hyperlink: https://www.nedbank.co.za/content/dam/nedbank/site-assets/AboutUs/Sustainability/Supporting%20Documents/Sustainability%
20Review%20Final%2011%20March%202016.pdf
Current EPFI Reporting Year/Period: 2015
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: 6

Totals
2
4
0
Sector
Category A
Category B
Category C
Mining 2

Infrastructure


Oil & Gas


Power
4
Others


Region
Category A
Category B
Category C
Americas


Europe, Middle East & Africa 2 4
Asia Pacific


Country Designation
Category A
Category B
Category C
Designated1 1

Non-Designated 1 4
Independent Review
Category A
Category B
Category C
Yes 2 4
No


Totals
2
4
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

No. Project Name
Sector
Host Country Name/ Project Location Year of Financial Close
1 Gahcho Kue Diamond Project Mining Canada 2015
2 Gem Diamonds Botswana - Ghaghoo Project Mining Botswana 2015
3 Karoshoek Solar One (RF) (Pty) Ltd Power South Africa 2015
4 Mulilo Prieska Power South Africa 2015
5 Mulilo Sonnedix Prieska PV Power South Africa 2015
6 Xina Solar One (Pty) Ltd Power South Africa 2015

 

PROJECT-RELATED CORPORATE LOANS


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

Totals
0
0
1
Sector
Category A
Category B
Category C
Mining


Infrastructure

1
Oil & Gas


Power


Others


Region
Category A
Category B
Category C
Americas


Europe, Middle East & Africa

1
Asia Pacific


Country Designation
Category A
Category B
Category C
Designated1


Non-Designated

1
Independent Review
Category A
Category B
Category C
Yes


No

1
Totals
0
0
1

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

Further information on Nedbank's implementation of the Equator Principles can be found it in their Sustainability Review.

The EP implementation within Nedbank  falls within Nedbank Corporate Investment Banking cluster/BU. The EP procedure falls within an overall procedure for environmental and social (“E&S”) review of transactions (hereafter referred to as “SEMS Procedure”). The SEMS process does not include only Project finance styled deals but specific products. Environmental & Social assessments are initiated during the course of credit application and review cycle. By extension the EP implementation occurs via this process. Monitoring also occurs via the credit review cycle and in consideration for specific EP covenants placed within the facility /Common terms agreement.

In terms of the Equator Principles reviewers, 3 staff currently implement SEMS procedure and by extension EP implementation.

The Senior Manager (who reports directly to the CIB :Head of Enterprise Wide Risk) has responsibilities that include awareness training and development of two staff, on-going support to business and Legal teams from an environmental advisory perspective; control of budget and expenditure for environmental team; provide support to CIB marketing on negative reputational risks to the Nedbank brand; environmental enterprise wide risk management.

The first specialist monitors and reviews PF deals within Nedbank and provides training to Credit Risk and Property Finance teams within CIB, and the second specialist focuses on both the EP and client coverage deals, and providing EP and risk training within CIB Credit Risk.