Equator Principles Checklist

Please refer to EP III[1] and GIB’s Equator Principles Guidelines and Equator Principles Reporting Criteriafor additional detail and definitions

Project: / [Project]
ProjectScope for EP appraisal: / [Scope of EP review / Project boundary].
EP Applicability Criteria
Does the project include the following criteria…? / Yes / No / GIB Rationale
1 / Project Finance: with total Project capital costs of US$10 million or more. / Yes/
No / N/A
2 / Project-Related Corporate Loans,where all four of the following criteria are met:
i. The majority of the loan is related to a single Project over which the client has Effective Operational Control (either direct or indirect).
ii. The total aggregate loan amount is at least US$100 million.
iii. GIB’s individual commitment (before syndication or sell down) is at least US$50 million.
iv. The loan tenor is at least two years. / Yes/
No / N/A
3 / Bridge Loans: with a tenor of less than two years that are intended to be refinanced by Project Finance or a Project-Related Corporate Loan that is anticipated to meet the relevant criteria described above. / Yes/
No / N/A
Existing facilities only: While the Equator Principles are not intended to be applied retroactively, GIB will apply them to the expansion or upgrade of an existing Project where changes in scale or scope may create significant environmental and social risks and impacts, or significantly change the nature or degree of an existing impact. / N/A
Summary
If no to all of the above (Project is not applicable for EP purposes) / N/A
If yes to any of the above (complete the following table) / Yes – refer to table below
EP Principle / Status
 / GIB Rationale / Comment
1 / Categorisation / [A,B,C] / For all Category A and as appropriate Category BProjects: Environmental and Social Assessment documentation (e.g. EIA) requires an Independent Review(Principle 7); and Independent Monitor/Verification (Principle 9).
[Provide evidence of compliance]
2 / Environmental and Social Assessment / ☐ / [Following due diligence, if the Project is in compliance with all UK laws (including having followed the statutory planningprocess) it therefore meets the Assessment Documentation requirement for Principle 2].[Provide evidence of compliance]
3 / Applicable Environmental and Social Standards / ☐ / Compliance with law (including having followed the statutory planning process) is a requirement of typical GIB financing agreements. Compliance with UK law meets the requirements of environmental and/or social assessments (Principle 2), management systems and plans (Principle 4), stakeholder engagement (Principle 5) and, grievance mechanisms (Principle 6). [Provide evidence of compliance]
4 / E&S Management System and EP Action Plan / ☐ / Refer to Principle 3
5 / Stakeholder Engagement / ☐ / Refer to Principle 3
6 / Grievance Mechanism / ☐ / Refer to Principle 3
7 / Independent Review / ☐ / For typical Category A and B Projects: [is was considered required/appropriate that an independent consultant, not directly associated with the client, was appointed to carry out an Independent Review of key aspects of the Assessment Documentation and propose suitable actions to bring project into EP compliance if required. [Provide evidence of compliance and scope of works for review]
8 / Covenants / ☐ / [GIB’s standard covenant and sector-specific terms were used to provide compliance with EP covenants]. [Provide evidence of compliance].
9 / Independent Monitoring and Reporting / ☐ / For typical Category A and B Projects: [As a Category A/B Project, it was considered required / appropriate that an independent consultant, not directly associated with the client, was appointed after Financial Close and over the life of the loan (or until further notice). The scope of review includes [insert scope e.g. verifying compliance of air emissions and other operational environmental or regulatory requirements with existing permits or approvals and; on-going environmental performance]]. [Provide evidence of compliance and scope of works for monitoring]
10 / Reporting and Transparency: Client / ☐ / GIB’s Client to ensure that a summary of the EIA is required to be accessible and available online. [Provide evidence of compliance].
GIB notes EP III states "Public reporting requirements [during the operational phase] can be satisfied via regulatory requirements for reporting". Hence therefore reporting under PPC Permit requirements is considered likely will cover this specific requirement..
10 / Reporting and Transparency: GIB / ☐ / The following will be reported by GIB as at Project Close in our annual report:
Project Categorisation [A,B,C],
Sector [e.g.waste, off shore wind, biomass],
Region (UK)
[An independent review has taken place and ongoing monitoring will take place].
Project Name will be [Insert official Project Name] (subject to client consent).

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[1]GIB only applicable criteria provided in this form – see EP for more details