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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Otkritie Bank becomes the first bank in Russia to adopt the Equator Principles

Moscow, 15 April 2013

On April 15, 2013 Otkritie Bank (OJSC) became the first Russian bank to join the Equator Principles Association. By adopting the Principles, Otkritie Bank has declared its commitment to sustainable finance and its readiness to take into account social and environmental considerations in major project financing.

The Equator Principles are a credit risk management framework for identifying, assessing, and managing environmental and social risk in project finance. The principles are adopted voluntarily by financial institutions and are applied where total project capital costs exceed US$10 million. The Principles are based on the International Finance Corporation’s (IFC) Performance Standards on Environmental and Social Sustainability, and on the World Bank Group’s Environmental, Health and Safety Guidelines.

At present, 78 banks, including ABN Amro, BNP Paribas, Barclays, Bank of America, Citigroup, Credit Suisse, HSBC, Societe General, and Unicredit have adopted the Equator Principles.

According to the Chairman of the Board of Otkritie Bank, Alexey Gonus, collaboration between the Bank and corporate clients in this area has a positive impact on the reputation of all concerned. "Worldwide, there is increasing attention on businesses’ social responsibility. This being the case, our acceptance of the Equator Principles will, first and foremost, help to show that the words "social responsibility" and "sustainable future" have real meaning for us and our customers."

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