BANK OF NOVA SCOTIA

Adoption Date: 25 September 2006
Country of Headquarters: Canada
Region of Headquarters: North America
Institutional Reporting Hyperlink: http://www.scotiabank.com/ca/en/0,,9218,00.html
Current EPFI Reporting Year/Period: 1 November 2014 - 31 October 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: 9

Sector
Total
Mining
Infrastructure 9
Oil & Gas
Power
Others
Sub Total
9

 

Region
Total
Americas 9
Europe, Middle East & Africa
Asia Pacific
Sub Total
9

 

PROJECT FINANCE TRANSACTIONS


Total number that reached financial close in the reporting period: 13

Totals
1
10
2
Sector
Category A
Category B
Category C
Mining 1

Infrastructure
5
Oil & Gas
4
Power
1
Others

2
Region
Category A
Category B
Category C
Americas 1 9 2
Europe, Middle East & Africa


Asia Pacific
1
Country Designation
Category A
Category B
Category C
Designated1 1 9
Non-Designated
1 2
Independent Review
Category A
Category B
Category C
Yes 1 10 1
No

1
Totals
1
10
2

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 (NOVEMBER 2014 - OCTOBER 2015)

No. Project Name
Sector
Host Country Name/ Project Location Year of Financial Close
1
Freeport LNG Liquefaction Project (Train 2)
Oil & Gas USA 2014
2
Planta Molsabana
Others Colombia 2014
3
Corpus Christi LNG Liquefaction
Oil & Gas USA 2015
4
Eglinton Crosstown Light Rail Transit
Infrastructure Canada 2015
5
Freeport LNG Liquefaction Project (Train 3)
Oil & Gas USA 2015
6 Frutifor Lumber Sawmill Others Uruguay 2015
7 Gahcho Kue Diamond Mine Mining Canada 2015
8 New Champlain Bridge Corridor Project Infrastructure Canada 2015
9 Nuevo Complejo Fronterizo Los Libertadores Infrastructure Chile 2015
10 Sabine Pass LNG Liquefaction (Train 5) Oil & Gas USA 2015
11 Sydney Light Rail Infrastructure Australia 2015
12 York Viva Bus Rapid Transit Infrastructure Canada 2015


1 project was not disclosed as per the disclosure conditions specified in Annex B of the Equator Principles.


PROJECT-RELATED CORPORATE LOANS


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

IMPLEMENTATION OF THE EQUATOR PRINCIPLES

Scotiabank has a robust set of tools and guidance documents to help ensure that banking and credit officers leading project finance transactions have the necessary information to meet Equator Principles requirements. The credit unit and senior management provide oversight on transactions. Two dedicated environmental and social risk managers are available to the deal team to provide advice and counsel when necessary.

While separate environmental and social risk management procedures exist for non-Equator Principles loans, banking officers are encouraged to complete Equator Principles-style due diligence for all project finance transactions (not just those to which the Equator Principles are deemed to apply).

Scotiabank carried out a voluntary internal audit of its adherence to the Equator Principles in 2013. Areas that were identified as needing improvement have subsequently been enhanced to the audit department's satisfaction, including documentation of Equator Principles in manuals, loan reporting procedures and management oversight. Scotiabank continues to focus on maintaining awareness through training for banking, credit and audit teams.