Banco Sabadell Adopts Equator Principles

Barcelona, 28 September 2011

Banco Sabadell has adopted the Equator Principles and will apply them to all financing structured under the Project Finance modality for new projects on a worldwide level with capital costs exceeding ten million dollars and in all industry sectors. Banco Sabadell is Spain’s sixth largest banking group, which is comprised of different banks, brands, subsidiaries and part-owned companies covering all areas of the financial business sector under a common denominator: professional performance and quality.

The Equator Principles

The Equator Principles were launched in 2003 and are based on the Policy and Performance Standards and on the Environmental Health and Safety Guidelines set down by the International Finance Corporation (IFC), and were initially adopted by ten financial institutions: ABN AMRO Bank, NV, Barclays PLC, Citi, Crédit Lyonnais, Crédit Suisse First Boston, HVB Group, Rabobank Group, The Royal Bank of Scotland, WestLB AG and Westpac Banking Corporation.

Banco Sabadell is the fifth Spanish lender that adopts the Equator Principles. With this action, the bank will incorporate social and environmental aspects into its project-financing activities.

Banco Sabadell is a benchmark organisation in Spain in terms of financing projects for generating energy through renewable sources. It boasts an extensive track record, and worthy of highlight is its presence in over 12,000 wind-powered MW in Spain, Europe and North America.

This initiative reaffirms Banco Sabadell’s commitment to social responsibility and the development of financial solutions that contribute towards sustainable development. It also complements the Group’s participation in initiatives such as the United Nations Global Compact, the Principles for Responsible Investment and the Carbon Disclosure Project.