Natixis Adopts the Equator Principles
Paris, 30 December 2010
Natixis announced that it had adopted the Equator Principles, a financial industry standard for managing social and environmental risk in project financing. These principles will be applied worldwide to all new Project Finance lending and advisory, for projects with capital costs of US $10 million or above, in all industry sectors supported by Natixis : infrastructure, power – renewable energy, natural resources, oil & gas, mining and telecommunications. Because Natixis is aware of its social and environmental responsibility in terms finance, it has implemented an environmental appendix for its project finance operations since 2005.
NIBC Bank Adopts Equator Principles
The Hague, 09 November 2010
NIBC Bank has adopted the Equator Principles, a globally-recognised benchmark for assessing and managing social and environmental risks in project finance. NIBC will apply the principles to project finance activities in all relevant sectors. The Equator Principles promote socially responsible conduct and sound environmental practices in relation to project finance initiatives. The benchmark seeks to provide a framework against which lending can be assessed, applying to all new project finance arrangements above US$10m. By adopting the Equator Principles, NIBC commits to not providing loans to projects where the borrower cannot or will not comply with the social and environmental standards set out in Equator Principles policies and procedures.
Eksportfinans ASA Adopts the Equator Principles
Norway, 1 September 2010
Eksportfinans ASA formally adopts the Equator Principles, a voluntary set of guidelines for determining, assessing and managing social and environmental risk in project financing. Since its establishment in 2003, more than 60 international banks have adopted the Equator Principles, including the majority of the world’s leading project lenders. The Equator Principles apply to all new project financings globally with total project capital costs of US$10 million or more, and across all industry sectors. The adoption of the Equator Principles is consistent with Eksportfinans’ commitment to participating in environmentally and socially sustainable projects, and will be an important tool in further ensuring sustainable project finance. Eksportfinans is the Norwegian institute for export financing owned by banks and the Norwegian Government. It offers competitive long term financing to the export industry.