Industrial Bank Co. Ltd Adopts the Equator Principles

China - 31 October 2008

Industrial Bank Co., Ltd (hereinafter referred to as "IB") is the first bank in China to announce the adoption of Equator Principles, a voluntary set of guidelines in financial industry to determine, assess and manage environmental and social risks in project financing. IB is ready to observe the requirements of Equator Principles, to set up internal policies and procedures in compliance with Equator Principles, and to conduct due diligence research on social and environmental issues in project financing.

Read more...

BNP Paribas Adopts the Equator Principles for its Project Finance Activity

Paris - 24 October 2008

BNP Paribas has announced today that it is formally adopting the Equator Principles for its Project Finance activity. These principles are based on the International Finance Corporation (IFC) Performance standards on social and environmental sustainability, and on the World Bank Group's Environmental, Health and Safety general guidelines. They promote responsible social conduct and sound environmental practices in relation to Project Finance. They will be applied globally to all new Project Finance lending and advisory, across all industry sectors, for projects with capital costs of US$10 million or above, in accordance with the Equator Principles declaration.

Read more...

DnB NOR adopts the Equator Principles

Oslo - 29 May 2008

DnB NOR is proud to announce the adoption of the Equator Principles, a voluntary set of guidelines for managing environmental and social issues in project finance. The Equator Principles have become a financial services industry benchmark on how to assess and manage environmental and social risks in capital investment projects globally. The Principles were introduced by private sector banks in 2003 and are based on the environmental standards of the World Bank and the social policies of the International Finance Corporation (IFC). Close to 60 international banks, including the majority of the world's leading project lenders, have adopted the Principles.

Read more...

KfW IPEX-Bank adopts Equator Principles

Frankfurt - 03 March 2008

KfW IPEX-Bank adopted the Equator Principles as of 1 March 2008, committing itself to the globally-recognised benchmark for the financial industry to manage social and environmental issues.

The Equator Principles, a framework plan for managing social and environmental risks, classify the social and environmental impacts of projects as either high, medium or low. For high or medium risk projects an environmental and social impact assessment must be prepared.

Read more...

Financial Bank adopts Equator Principles

Lome, Togo - 18 February 2008

Financial BC is the first African bank coming from three monetary areas (WAEMU/UEMOA, EMCCA/CEMAC and Guinea Conakry) to adopt the Equator Principles, a voluntary set of environmental and social guidelines for project financing and other businesses. The Group is not only focused on big projects but also on daily business opportunities.

Read more...

The Banco de la Republica Oriental del Uruguay (Banco Republica) Adheres to the Equator Principles

03 January 2008

Since 3rd January, 2008, the Banco República adheres to the Equator Principles (set of guidelines for determining, assessing and managing social and environmental aspects of investment projects, established at the request of the International Finance Corporation, agency of the World Bank, and voluntarily assumed by financing institutions).

By implementing these principles, the society, in general, and the companies, in particular, will be benefited, reducing their operational risks and increasing their competitivity and easy access to international markets.

This way, the Banco República enters into the group of main banks financing more than 95% of investment projects – at global level, which have already adhered to the Equator Principles.


National Australia Bank adopts equator principles

Melbourne - 25 October 2007

National Australia Bank (NAB), through its institutional banking and capital markets division nabCapital, has agreed to a global social and environmental benchmark for financing projects greater than US$10 million by adopting the Equator Principles. NAB joins other global banks from 21 countries adhering to the policies set down by the World Bank and International Finance Corporation. The Equator Principles are a set of globally recognised, voluntary guidelines to assess and manage social and environmental project financing risk, especially in emerging markets. NAB's Project Finance activities reside within the nabCapital business.

Read more...

EDC adopts Equator Principles

Ottawa – 25 October 2007

Export Development Canada (EDC) today announced that it has become a signatory to the Equator Principles, an international financial industry benchmark for assessing and managing social and environmental risk in project financing.

“Adopting the Equator Principles reflects EDC’s ongoing commitment to conduct its international business in a socially and environmentally responsible manner and confirms the strength of its existing corporate social responsibility (CSR) policies,” said Eric Siegel, President and CEO of EDC.

Read more...

Société Générale adopts the Equator Principles

Paris - 03 September 2007

Société Générale Group is announcing that it has adopted the Equator Principles, a voluntary set of guidelines for managing environmental and social issues in project finance. Introduced in 2003 under the aegis of the World Bank and International Finance Corporation, this initiative has been adopted by around fifty international banks.

Read more...

BankMuscat Adopts the ‘Equator Principles’. First Bank from across the Middle East to take this ‘environment-friendly’ stand.

Muscat - 18 August 2007

BankMuscat, the nation’s leading bank, has adopted the ‘Equator Principles’, a set of globally recognized, voluntary guidelines established to assess and manage social and environmental risk in project financing, especially in the emerging markets. In adopting these principles, BankMuscat has become the first bank from across the Middle East region to adopt the Equator Principles. The Bank will also ensure that the projects it finances are developed in a socially responsible manner and reflect sound environmental management practices.

Read more...