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 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 adhθre 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 princνpios de responsabilidade social, Valor Econτmico, 5 June 2003 (in Portuguese)
Zehn Banken werden zu Umweltschόtzern, 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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Loan rules with an eye on nature
INTERNATIONAL HERALD TRIBUNE, June 5, 2003
Bloomberg News
Citigroup Inc. and nine other banks adopted standards Wednesday intended to keep loans for development projects such as dams and pipelines from hurting people and the environment in poor countries.
The banks, including Barclays PLC, Credit Suisse Group and WestLB AG, agreed to provide credit only to projects that follow the World Bank's "Equator Principles" intended to deter forced human resettlement, threats to endangered species, the use of dangerous substances and other potentially harmful practices.
The 10 financial institutions last year underwrote $14.5 billion in project loans, and more banks are likely to adopt the principles, the World Bank said in a news conference at its Washington headquarters. Citigroup, based in New York, is among lenders targeted by groups saying the loans help firms that pollute and destroy rain forests.
"This is about good business practice, it is about leadership and it is about doing the right thing," said Charles Prince, chief executive of the Global Corporate and Investment Bank at Citigroup, the world's largest financial services company, at the news conference in Washington.
The guidelines will apply to all countries, although most of the impact will be in poor ones. Environmental activists were lukewarm on the agreement, saying it will bring only limited benefit to developing countries.
"This is a step forward, but we know that the World Bank guidelines aren't strong enough and they don't prevent the banks from financing a bad project," said Patrick McCully, campaigns director at International Rivers Network in Berkeley, California. "There is no compliance mechanism and this is a very serious weakness."
The banks will apply the Equator Principles to all loans with a capital cost of $50 million or more, according to the International Finance Corp., the World Bank's private lending arm, which drafted the guidelines.
Copyright © 2003 The International Herald Tribune
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Official Adopters
ABN AMRO Bank N.V. EPFI
Absa Bank Limited EPFI
Access Bank EPFI
ANZ EPFI
Arab African International Bank EPFI
ASN Bank NV EPFI
Banco Bradesco EPFI
Banco de la República Oriental del Uruguay EPFI
Banco do Brasil EPFI
Banco Galicia EPFI
Banco Santander EPFI
Bancolombia S.A. EPFI
BankMuscat EPFI
Bank of America EPFI
Bank of Tokyo-Mitsubishi UFJ EPFI
Barclays plc EPFI
BBVA EPFI
BES Group EPFI
BMCE Bank EPFI
BMO Financial Group EPFI
BNP Paribas EPFI
Caixa Econτmica Federal EPFI
Caja Navarra EPFI
Crιdit Agricole Corporate and Investment Bank EPFI
CIBC EPFI
CIFI EPFI
Citigroup Inc. EPFI
CORPBANCA EPFI
Credit Suisse Group EPFI
Dexia Group EPFI
DnB Nor EPFI
EFIC EPFI
EKF EPFI
Eksportfinans ASA EPFI
Export Development Canada EPFI
FirstRand Bank Ltd EPFI
FMO EPFI
Fortis Bank NV/SA EPFI
HSBC Group EPFI
Industrial Bank Co., Ltd EPFI
ING Group EPFI
Intesa Sanpaolo EPFI
Itau Unibanco S/A EPFI
JPMorgan Chase Associate
KBC EPFI
KfW IPEX-Bank EPFI
la Caixa EPFI
Lloyds Banking Group Plc EPFI
Manulife EPFI
Mizuho Corporate Bank EPFI
Millennium bcp EPFI
National Australia Bank EPFI
Nordea EPFI
Nedbank Group EPFI
Rabobank Group EPFI
RBC EPFI
Scotiabank EPFI
SEB EPFI
Societe Generale EPFI
Standard Bank Group EPFI
Standard Chartered Bank EPFI
SMBC EPFI
TD Bank Financial Group EPFI
The Royal Bank of Scotland EPFI
UniCredit Bank AG EPFI
Wells Fargo & Company Associate
WestLB AG EPFI
Westpac Banking Corporation EPFI
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