This course is designed to help participants with a basic level of project finance knowledge understand the importance attributed to ESG and sustainability issues in the project finance market.
Following an introduction to project finance and its component sectors and an explanation of the increasing momentum being gained by ESG issues in the industry, participants are provided with a working understanding of ESG definitions and concepts, as well as the regulatory framework underpinning the project finance market – the Equator Principles (including the introduction of their 4th version), the UN Social Development Goals and the targets of the 2015 Paris Agreement.
The participants will learn how to identify the ESG risks in a project and their qualitative and quantitative impacts. They will be guided through the various sectors covered by project finance structures and their relevant ESG risks. They will also get to grips with the ESG considerations relevant to project finance documentation (representations and warranties, events of default, reporting obligations etc.).
The participants will reflect on various case studies across the main project finance sectors in order to understand the market dynamics and pressures on sectors to include ESG as a key component of bankability (oil & gas sector transition, evolution from coal-fired power stations to renewables).
On completion of the course, participants will be equipped with a clear understanding of:
- The ESG issues in a project finance transaction;
- The qualitative & quantitative risk analysis of ESG matters;
- The financing tools available to more ESG-friendly projects
- The recent updates in the legislative and regulatory framework (introduction of Equator Principles IV).
The course is led by Audrey Caulliez-Louis who has more than 15 years’ experience of power & utilities project financing,. Audrey began her career in project finance as the first Equator Principles were born and has also undertaken professional study of, and training in, ESG and sustainable finance topics.