Equator News Coverage
Environmental standards loom ever larger in banks' lending decisions, by Susanne Bergius, ENDS Report, December 2008
German | English
60 Second Profile on the Equator Principles, Good Practice Newsletter from ICMM, December 2008
Ecology Stamp on Project Finance, by Susanne Bergius, Handelsblatt, 16 July 2008 (in German)
Banks increase their environmental requirements
Promoting Greater Responsibility in Project Financing by Natasha Cappon, Canada, Spring, 2008
China to bring in green loan benchmark, 25 January, 2008
A Question of Principles, Infrastructure Magazine, by Kimberley Gaskin, June 2007
Citigroup to scale up its green spending,The Financial Times, 8 May 2007.
Leaders challenge 'business as usual', Guardian, 6 November 2006
Financial Sector Responsibility
Building a better world (for investors and whales), The Banker, 3 July 2006
Update on the Equator Principles - 2006 Revision, Allens Arthur Robinson, August 2006
The Miami Herald
July 31, 2006.
Building sustainability into syndication, Project Finance - July/August 2006
For Citigroup, Greening Starts With Listening
For people and planet, San Francisco Chronicle, 4 April 2006
Conservation You Can Bank On (Christopher Wright) (PDF - 91k)
'A New Environment', Legal Week 2 February 2006 (Paul Watchman and Charles July of Freshfields Bruckhaus Deringer) (PDF - 2572k)
'Banks Business and Human Rights' (2006) 2 JIBFL 46 (Paul Watchman of Freshfields Bruckhaus Deringer) (PDF - 59k)
Polluters Clean Up Act to Attract Lenders, The Moscow Times, 12 October 2005
The Equator Principles - guidelines for responsible project financing, Focus, Allens Arthur Robinson, August 2005 (PDF - 122k)
Corporate Green, Washington Post, 11 May 2005
Taking The Earth Into Account, Time Europe, 9 May 2005
Principles in Question, The Banker, March 2005 (PDF - 97k)
Banking on the future, Euromoney Syndicated Lending Handbook 2005, December 2004 (PDF - 38k)
A Matter of Principles, Global Finance, January 2005
Principle Finance, Euromoney, October 2004
Putting principles into practice, Environmental Finance, June 2004
'Greening' of financial sector gathering speed, Financial Times, 4 June 2004
"Equator - Risk and Sustainability," from Project Finance International, 2004 Yearbook. (PDF - 429k)
NGOs Bring Bank Scrutiny Back on Track, Ethical Corporation Online, 2 May 2004
Banks contest ban proposed for coal and oil extraction, Financial Times, 5 April 2004
A Matter of Principal, Project Finance, 3 March 2004
The Equator Principles: a milestone or just good PR?, Global Agenda, 26 January 2004
Mizuho To Adopt Environmental Standards In Project Financing, CNNfn, 26 October 2003
Dexia adhère aux "Equator principles", La Tribune, 22 September 2003 (in French)
Western Banks Set Standards for Eco-Friendly Lending. Japanese Banks Far Behind. NGO Keeping Close Watch, Nikkei, 5 September 2003
A point of principle, Global Finance, July 2003
Equator Principles — Why Indian Banks Too Should be Guided by Them, The Hindu, 25 July 2003
Project finance — Standards for Lending, Financial Mail, 25 July 2003
Financiers must meet criteria, Business Day, 14 July 2003
Banks agree new loan guidelines, Ethical Performance, July 2003
Principled finance?, Project Finance, June 2003 Cover Story
Banks club together to turn their notes green, The Age, 22 June 2003
Nikkei Financial Daily, 11 June 2003 (in Japanese - PDF)
Banks' green pledge earns mixed response, swissinfo, 10 June 2003
Greening the banks, The Economist, 7-13 June 2003
Leading banks sign up to project finance principles, Environmental Finance, 6 June 2003
Bancos adotam princípios de responsabilidade social, Valor Econômico, 5 June 2003 (in Portuguese)
Zehn Banken werden zu Umweltschützern, Die Tageszeitung, 5 June 2003 (in German)
Major Banks Endorse Equator Principles, The Peninsula, Qatar, 5 June 2003
The 'Equator Principles' adopted by leading banks, The Times of India, 5 June 2003
Westpac's principles, Australian Financial Review, 5 June 2003
Loan rules with an eye on nature, International Herald Tribune, 5 June 2003
10 global banks endorse socially responsible "Equator Principles", Agence France Presse, 5 June 2003
"THE FLIP SIDE", CNN, 4 June 2003 (transcript)
IFC Head's Remarks at Equator Principles Press Conference, 4 June 2003
Banks sign up for responsible lending accord, Financial Times, 4 June 2003
Banks Accept Environmental Rules, The Wall Street Journal, 4 June 2003
Banks in drive for project principles, Financial Times, 9 April 2003
Four banks adopt IFC agreement, Financial Times, 7 April 2003
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Twelve Banks Speak Out on the Extractive Industries Review
WASHINGTON, DC, 5 May 2004 Eleven of the banks that have adopted the Equator
Principles have written a joint letter to the World Bank President, James
Wolfensohn, to express their views on the Extractive Industries Review (EIR).
Another bank has sent a separate letter to Mr. Wolfensohn stating its concerns.
In the joint letter, the banks expressed their concerns about EIR recommendations
that the World Bank Group (WBG) withdraw from lending to coal immediately and to oil
by 2008. The letter states that the banks believe the "EIR has not given sufficient
consideration to the fact that the extractive industries are essential to global
economic growth and poverty reduction, and that for some countries the extractive
industries represent a very important means of creating revenue for government
programs."
The banks expressed concern about an EIR recommendation that it should be a
precondition of WBG investment that countries have robust governance criteria in
place. The banks said that "a country's current inability to meet robust WBG
governance criteria should not prevent that country from gaining access to the
support, both financial and structural, that is required in order to develop such
governance mechanisms. Otherwise, countries that are most in need of such
developmental assistance could be excluded ... and will either remain mired in
poverty or find less desirable paths to develop their extractive potential."
They also expressed concern about EIR recommendations concerning 'prior informed
consent,' and stated the view that the implementation of the WBG Safeguard Policies
is intended to result in effective consultation with affected groups and tangible
benefits for local communities.
The banks did support the EIR recommendation for increased transparency on revenues
paid to governments.
For the full text of the banks' letter, see EIR Banks Letter (pdf - 90k).
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Institutions Which Have Adopted the Equator Principles
Absa Bank Limited
Access Bank
ANZ
Arab African International Bank
ASN Bank NV
Banco Bradesco
Banco de la República Oriental del Uruguay
Banco do Brasil
Banco Galicia
Banco Santander
Bancolombia S.A.
BankMuscat
Bank of America
Bank of Tokyo-Mitsubishi UFJ
Barclays plc
BBVA
BES Group
BMO Financial Group
BNP Paribas
Caixa Econômica Federal
Caja Navarra
Calyon
CIBC
CIFI
Citigroup Inc.
CORPBANCA
Credit Suisse Group
Dexia Group
DnB Nor
E+Co
EFIC
EKF
Export Development Canada
FirstRand Bank Ltd
FMO
Fortis Bank Nederland
Fortis Bank NV/SA
HBOS
HSBC Group
HypoVereinsbank
Industrial Bank Co., Ltd
ING Group
Intesa Sanpaolo
Itau Unibanco S/A
JPMorgan Chase
KBC
KfW IPEX-Bank
la Caixa
Lloyds TSB
Manulife
Mizuho Corporate Bank
Millennium bcp
National Australia Bank
Nordea
Nedbank Group
Rabobank Group
RBC
Scotiabank
SEB
Societe Generale
Standard Bank Group
Standard Chartered Bank
SMBC
TD Bank Financial Group
The Royal Bank of Scotland
Wells Fargo & Company
WestLB AG
Westpac Banking Corporation
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