Equator Principles Checklist
Please refer to EP III1 and GIB’s Equator Principles Guidelines and Equator Principles Reporting Criteria for additional detail and definitions
Project:
[Project]
Project Scope
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.
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N/A
GIB only applicable criteria provided in this form – see EP for more details http://www.equator-principles.com/resources/equator_principles_iii.pdf
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 B Projects: 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
Applicable
Environmental
and Social
Standards
E&S Management
System and EP
Action Plan
Stakeholder
Engagement
Grievance
Mechanism
Independent
Review
☐
[Following due diligence, if the Project is in compliance with all UK laws (including having followed the statutory planning process) it
therefore meets the Assessment Documentation requirement for Principle 2]. [Provide evidence of compliance]
☐
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]
☐
Refer to Principle 3
☐
Refer to Principle 3
☐
Refer to Principle 3
☐
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
☐
9
Independent
Monitoring and
Reporting
☐
[GIB’s standard covenant and sector-specific terms were used to provide compliance with EP covenants]. [Provide evidence of
compliance].
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
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4
5
6
7
2
EP Principle
Status

GIB Rationale / Comment
regulatory requirements with existing permits or approvals and; on-going environmental performance]]. [Provide evidence of compliance
and scope of works for monitoring]
10
10
Reporting and
Transparency:
Client
☐
Reporting and
Transparency:
GIB
☐
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..
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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