Introduction of The Equator Principles
The Equator Principles provide financial institutions with the standards of financing process to identify, assess and manage the environmental and social risks involved by the project as the environmental and social risk evaluation framework of significant project financing.
To implement the promise of enterprise sustainable development, Far Eastern International Bank has formally become an Equator Principles Financial Institution (EPFI) on 5 December 2022, and fully complies with the 10 Principles of the Equator Principles and incorporates sustainability issues such as environmental and social risks into project financing and corporate credit assessment
For more information, please visit the Equator Principles website. https://equator-principles.com/
Incorporating the Equator Principles into credit and risk management policies, procedures, and personnel.
For the purpose of cooperating with the standards of the Equator Principles, Far Eastern International Bank formulates Directions for Equator Principles Credit Applications along with the related operation processes and sets up the Environmental and Social Risk Team to assess the environmental and social risks of the Equator Principles credit applications. For credit applications with higher environmental and social risks (Level A or B), the environmental and social assessment reports provided by independent third party organisations are discussed and decided upon, serving as crucial references for subsequent reviews and approvals, ensuring compliance with the Equator Principles, environmental, and social regulatory requirements, and fulfilling the Bank's social responsibility.
Staff Training
The Far Eastern International Bank hires external consultant to train the Environmental and Social Risk Committee and business units to be familiar with the Equator Principles related framework and forms, and to deepen the staff’s recognition as to environmental and social risks to fulfill the Equator Principles.
Implementation Reporting (2022.12.5~2023.12.31)
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Project Finance
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Project-Related Corporate Loans
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Project-Related Refinance & Acquisition Finance for Project Finance
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Project-Related Refinance & Acquisition Finance for Project-Related Corporate Loans
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Project Finance Advisory
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Project Name Reporting
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Project Name Reporting
