UK Export Finance Adopts the Equator Principles

London, 31 March 2016

UK Export Finance (UKEF) has announced that it has adopted the Equator Principles, a global framework to promote sustainable environmental, social and human rights decision-making in financing projects.

Louis Taylor, UKEF’s Chief Executive Officer, welcomed the move, saying:

‘In adopting the Equator Principles, UKEF joins export credit agencies and international financial institutions including numerous partner banks with which UKEF works frequently.

‘This global framework will give UK exporters supported by UKEF confidence that environmental, social and human rights issues, that may carry ethical or reputational risk have been given consideration as part of UKEF’s support to relevant projects. In adopting the Equator Principles, we do not anticipate any additional administrative burden to UK exporters applying for export finance support.

‘UKEF becoming an Equator Principles Institution is in line with the UK government’s drive to promote sustainable business practices following the agreement of the Sustainable Development Goals at the UN General Assembly last year.’

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Sumitomo Mitsui Trust Bank, Limited Signs the “Equator Principles”

Tokyo, 1 February 2016

Sumitomo Mitsui Trust Bank, Limited (President: Hitoshi Tsunekage; hereinafter “SuMi TRUST Bank”), which is a subsidiary of Sumitomo Mitsui Trust Holdings, Inc. (President: Kunitaro Kitamura; hereinafter “SuMi TRUST Holdings”), today announces that it has become a signatory to the “Equator Principles”, which is the international framework for environmental and social risk management involved in project financing.

SuMi TRUST Group considers that the effect on the environment and society exerted by its investments and loans to customers is the most important issue affecting both the corporate value of the group as well as its influence on society.

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E.Sun Bank Adopt the Equator Principles

Taipei, 28 December 2015

In an effort to protect the environment for the next generation, E.Sun Bank adopted the Equator Principles (EP) today (28 December 2015), becoming the 82nd Equator Principles Financial Institution (EPFI) in the world, and will leverage its expertise and influence to protect its beautiful homeland.

As an EPFI, E.Sun Bank will enhance its environmental and social assessment processes for  project finance loan  evaluation, to ensure the approved loan project will not have significant potential risk or negative impact on the environment and society” said Joseph Huang, President of E.Sun Bank.

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NBAD becomes first UAE bank to join the Equator Principles Association

Abu Dhabi, 20 September 2015

National Bank of Abu Dhabi (NBAD) has adopted the Equator Principles (EP), an internationally-recognised benchmark in the financial industry for identifying, assessing and managing environmental and social risk in bank financed projects.

NBAD is the first bank in the UAE to sign up to EP, a voluntary set of guidelines based on International Finance Corporation (IFC) standards on social and environmental sustainability, and on the World Bank Group's Environmental, Health and Safety general guidelines.

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Cathay United Bank is the first bank in Taiwan to adopt the Equator Principles

Taipei, 23 March 2015

Cathay United Bank (CUB) becomes the first Taiwanese bank to join the Equator Principles (EP) Association. CUB is a wholly owned subsidiary of Cathay Financial Holding Company (Cathay FHC), the largest financial holding company in Taiwan. By adopting the Principles, CUB has declared its commitment to the assessment and management of social and environmental risks and impacts in its credit process.

“’Sustainability’ is a widely discussed topic among corporations and is also a commitment that a company makes in its pursuit of corporate social responsibility (CSR). The underlying connotation of corporate sustainability encourages corporations to embrace environmental, social, and governance issues as a strategic tool to modify corporate management system and operation model while seeking profits,” stated by Tsu-Pei Chen, Chairman of CUB.

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Eksportkreditt Norge Adopts the Equator Principles

Oslo, 27 June 2014

Eksportkreditt Norge AS (Export Credit Norway) is joining the international initiative to safeguard environmental and social conditions and is adopting the Equator Principles on June 27th 2014.

Export Credit Norway is following many of its business partners in adopting the Equator Principles, formed to ensure responsibility and sustainability in financing of international projects.

"Many of the international banks we work closely with have adopted the Equator Principles, and the initiative has contributed in raising awareness on social and environmental issues. We therefore see it as a natural step for us to join the initiative," CEO of Export Credit Norway, Jarle Roth says.

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Commonwealth Bank of Australia Adopts the Equator Principles

Sydney, 26 May 2014

On 26 May 2014 Commonwealth Bank became a signatory to the Equator Principles. The Equator Principles are a voluntary set of guidelines to assess and manage environmental and social risks in project finance.

The Equator Principles have evolved over time. The third iteration, Equator Principles III, reflects the latest developments in environmental and social risk management practices and associated governance around compliance.

By adopting the Equator Principles III, we further build on our commitment to responsible lending and formalise reporting of our environmental and social risk practices.

For further information go to the Commonwealth Bank website.

UK Green Investment Bank adopts the Equator Principles

London, 2 December 2013

The UK Green Investment Bank (GIB) has today announced that it has become a signatory to the ‘Equator Principles’: the global ethical investment framework. Founded in 2003, the Equator Principles provide a globally consistent governance model to assess and manage environmental and social risk in financing.

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IDFC becomes the first Indian Financial Institution to join the Equator Principles Association

Mumbai, 3 June 2013

IDFC Limited announced its adoption of the Equator Principles, an internationally accepted credit risk management framework for determining, assessing and managing environmental and social risk in Project Finance transactions.

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Banco Popular Joins the Equator Principles

Madrid, 20 May 2013

Banco Popular has joined the Equator Principles, a voluntary set of guidelines for the inclusion of social and environmental criteria in the risk management process of Project Finance transactions of more than 10 million US dollars. These principles have been promoted by various entities from the financial sector in coordination with the International Finance Corporation’s (IFC) Performance Standards on Environmental and Social Sustainability.

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