Equator News Coverage
 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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Prepared Statement of Peter Woicke, Executive Vice President of the International Finance Corporation
Equator Principles Press Conference
WASHINGTON, DC, Wednesday 4 June 2003
In taking this step today, the adopting banks are doing something that financial institutions rarely do. They are stepping forward to take a leadership role on global environmental and social issues. In all my years as an investment banker, this is unprecedented. And we could not be happier to be associated with this path-breaking initiative.
The adoption of the Equator Principles confirms that the role of global financial institutions is changing. More than ever, people at the local level know that the environmental and social aspects of an investment can have profound consequences on their lives and communities -- particularly in the emerging markets where regulatory regimes are often weak. And if financial institutions want to operate in these markets, there is a bottom-line value in having clear, understandable, and responsible standards for investing. So I want to congratulate all these banks for having the foresight and the courage to make this comprehensive, long-term commitment.
There are three reasons why this is an extremely important development. First, by any measure, the amount of investment this will affect is massive. Even if you use an extremely conservative estimate, this will change the rules of the road for about $100 billion in global investment over the next 10 years.
Second, the breadth of this initiative is unprecedented. Most voluntary codes affect just one industry. The Equator Principles will affect how project finance is conducted in dozens of industries, ranging from forestry and manufacturing to infrastructure and extractive industries.
Finally, this represents far and away the biggest response by the private sector to the globalization debate. The Equator Banks come from seven different nations, and collectively they operate in virtually every region and country in the world. But they all recognize one thing in common: responsible economic development is absolutely vital to the long-term econonomic, environmental, and social health of all countries. The fate of the rich economies is directly linked to the fate of responsible growth in the poorer economies, and the Equator Principles make that link explicit.
So, again, I want to congratulate these banks for having the vision and the wisdom to adjust to how the global economy is changing. I want to thank them for both their leadership and their partnership in this initiative.
IFC, of course, is very proud -- along with our colleagues at the World Bank -- to have developed the environmental and social standards that serve as the basis for the Equator Principles. We look forward to working with the Equator banks on training and implementation. And we think this is a great day for sustainable development in the global economy.
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Institutions Which Have Adopted the Equator Principles
ABN AMRO Bank, N.V.
ANZ
Banco Bradesco
Banco de la República Oriental del Uruguay
Banco do Brasil
Banco Galicia
Banco Itaú
BankMuscat
Bank of America
BMO Financial Group
BTMU
Barclays plc
BBVA
BES Group
Calyon
Caja Navarra
CIBC
CIFI
Citigroup Inc.
CORPBANCA
Credit Suisse Group
Dexia Group
Dresdner Bank
E+Co
EKF
Export Development Canada
Financial Bank
FMO
Fortis
HBOS
HSBC Group
HypoVereinsbank
ING Group
Intesa Sanpaolo
JPMorgan Chase
KBC
KfW IPEX-Bank
la Caixa
Lloyds TSB
Manulife
MCC
Mizuho Corporate Bank
Millennium bcp
National Australia Bank
Nordea
Nedbank Group
Rabobank Group
Royal Bank of Canada
Scotiabank
SEB
Societe Generale
Standard Chartered Bank
SMBC
TD Bank Financial Group
The Royal Bank of Scotland
Unibanco
Wachovia
Wells Fargo
WestLB AG
Westpac Banking Corporation
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World Bank/IFC Links
World Bank Guidelines and Criteria Referenced in the Equator Principles
Development Indicators Database
IFC Guidelines and Policies Referenced in the Equator Principles
Sector-Specific EHS Guidelines
Performance Standards
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