Commonwealth Bank of Australia : EPIV report - 1 Jul 23 to 31 Dec 23

Equator Principles Reporting

1 Jul 23 to 31 Dec 23

The Commonwealth Bank of Australia became a signatory to the Equator

Principles in May 2014. The Equator Principles (EP) are a set of standards to assess, mitigate, manage and monitor Environmental and Social risks in applicable project-related financing.

Environmental and Social Risks

Environmental and Social risk is a strategic risk managed under the CBA Group's Risk Management Framework. Assessing potential transactions for Environmental, Social and Governance (ESG) risks is a key step in our due diligence process for all Institutional Bank loans, as well as large loans in other business units.

Training for ESG due diligence and implementation of the Equator Principles (EP) is undertaken by the relevant client and risk teams. CBA's EP process is embedded in CBA systems and procedures.

During the period between 1 Jul 23 to 31 Dec 23, CBA had 6 EP project finance transactions that reached financial close. No EP project-related corporate loans or EP project related refinance transactions reached financial close.

Figure 1 - Project Finance

EPIV Category	A	B	C
Totals		6
Sector
Mining
Infrastructure		1
Oil & Gas
Power		5
Others
Region
Americas		3
Europe, Middle East & Africa
Asia Pacific		3
Country Designation
Designated		6
Non Designated
Independent Review
Yes		6
No

Figure 2 - List of Project Finance transactions

			Country	Year of
Project Name	Sector	Project Location	Designation	Financial Close
Big Elm Solar Project	Power	United States	Designated	2023
Pleasant Valley Solar	Power	United States	Designated	2023
Project
Angelo Solar Project	Power	United States	Designated	2023
Koorangie Battery	Power	Australia	Designated	2023
Energy Storage System
Uungula Wind Farm	Power	Australia	Designated	2023
Infrastructure Project I	Infrastructure	Australia	Designated	2023

Commonwealth Bank of Australia | Equator Principles Reporting - 1 Jul 23 to 31 Dec 23