EXPERIENCES IN ENVIRONMENTAL AND SOCIAL RISK ANALYSIS … · 2013-05-23 · experiences in...
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EXPERIENCES IN ENVIRONMENTAL AND SOCIAL RISK ANALYSIS AT SOCIÉTÉ
GÉNÉRALEBartholomew Judd
16/05/2013C1
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AGENDA
1. ESTABLISHING AN ENVIRONMENTAL AND SOCIAL GOVERNANCE
SYSTEM
2. IMPLEMENTATION: PROCEDURES AND PEOPLE
3. ENVIRONMENTAL AND SOCIAL RISK ANALYSIS METHODOLOGY
4. CASE STUDIES
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ESTABLISHING AN ENVIRONMENTAL AND SOCIAL GOVERNANCE SYSTEM
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�Refer to:● Internationally recognized standards
● Best available techniques
�Discussed with our clients
�If possible and when pertinent, use of certification schemes / third party reviews
�For developing our E&S Policies:● Benchmark
● Mapping
● Impact
OBJECTIVES / PRINCIPLES
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SECTORIAL AND TRANSVERSAL POLICIES OF SOCIETE GENERALE
Mining and Metals Sector Policy
Oil & Gas Sector Policy
Defence Sector Policy
Shipping Sector Policy
Coal-Fired Power Sector Policy
Nuclear Power Policy
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IMPLEMENTATION: PROCEDURES AND PEOPLE
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�Use existing processes in particular:● RISK
● KYC
● Reputation Risk
�But also:● Legal, to integrate Environmental and Social clauses
● Middle Office, to monitor Environmental and Social issues
�Challenges:● Integrate E&S review in “standard” financing timeframe review
● Need for clear requirements/reports/documentation
OBJECTIVES / PRINCIPLES
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ENVIRONMENTAL AND SOCIAL RISK ANALYSIS METHODOLOGY
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ENVIRONMENTAL AND SOCIAL RISK ANALYSIS METHODOLOGY
General Approach
Documentation
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CASE STUDIES
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EXAMPLE: RUN OF THE RIVER HYDROELECTRIC PLANT IN PERU - PROJECT FINANCE P.11
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EXAMPLE: RUN OF THE RIVER HYDROELECTRIC PLANT IN PERU - PROJECT FINANCE
Equator Principles compliant
P.12
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EXAMPLE « POSITIVE IMPACT TRANSACTION »: KPDC CAMEROON
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EXAMPLE « POSITIVE IMPACT TRANSACTION »: KPDC CAMEROON
Financed with African Development Bank,
IFC and Proparco
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EXAMPLE: GOLD-SILVER MINE IN ASIA - PROJECT FINANCE P.15
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EXAMPLE: GOLD-SILVER MINE IN ASIA - PROJECT FINANCE
SG did not participate
P.16
Costs overrun > 30% initial project costs
CREDIT RISK MANAGEMENT
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EXAMPLE: SOLAR POWER PLANT IN FRANCE P.17
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EXAMPLE: SOLAR POWER PLANT IN FRANCE
SG participates
P.18
Risk of non obtention of local authorizations addressed
CREDIT RISK MANAGEMENT
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CLIENT INVOLVED IN CLUSTER BOMBS TRADING P.19
LEGAL RISK MANAGEMENT
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CLIENT INVOLVED IN CLUSTER BOMBS TRADING
Client withdrew from cluster
bombs activity
P.20
LEGAL RISK MANAGEMENT
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EXAMPLE: MULTINATIONAL OIL & GAS GROUP
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EXAMPLE: MULTINATIONAL OIL & GAS GROUP
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NUCLEAR POWER PLANT, EXPORT FINANCE P.23
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OECD Common Approaches
compliant
NUCLEAR POWER PLANT, EXPORT FINANCE P.24
REPUTATION RISK MANAGEMENT
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THANK YOUBartholomew Judd
Environment and Sustainable Development Specialist
Société Générale