Scotiabank Adopts Revised Equator Principles, Renews Commitment to Environmental Risk Management and Sustainable Development

Toronto - 25 September 2006

Scotiabank announced today the bank has adopted the revised Equator Principles, a set of internationally recognized, voluntary project finance guidelines that establish social and environmental standards in the banking industry.

“Scotiabank is proud to take part in a common framework and language for environmental and social issues in the project finance industry,” said Rick Waugh, President and Chief Executive Officer, Scotiabank. “We are committed to supporting the communities in which we live and work.”

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Caja Navarra Adopts Equator Principles

14 August 2006

Caja Navarra assesses credits of more than ten million dollars in social and environmental terms

The institution adopts the new version of the Equator Principles

Caja Navarra has adopted the new Equator Principles, a more demanding version of the benchmark which aims to apply environmental and social criteria to project financing. The Equator Principles are a voluntary initiative promoted worldwide by the International Finance Corporation (IFC), a member of the World Bank group. By adopting the Principles, financial institutions undertake to finance only those projects whose environmental and social risk comply with the criteria.

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Banca Intensa Adopts Equator Principles

Milano - 04 August 2006

Banca Intesa adopts Equator Principles, a system of guidelines that orient financial institutions in view of minimising social and environmental impact of international project finance activities.

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Bank of America, Caja Navarra and Banca Intesa adopt the revised Equator Principles

Amsterdam 28 July 2006

Another three EPFIs adopt the revised Equator Principles. Bank of America and Caja Navarra have announced their re-adoption of the Equator Principles and Banca Intesa newly adopted the EP. The EPFIs are pleased to have these institutions on board.


Banco Bradesco, Dresdner Bank and Manulife re-adopt Equator Principles

Amsterdam - 20 July 2006

In addition to the 33 financial institutions that already adopted the revised Equator Principles on July 6 (see press release on this site), three more financial institutions have adopted the revised framework in the meantime: Banco Bradesco, Dresdner Bank and Manulife. Moreover Unibanco explained its reasons for the re-adoption. All participating financial institutions commit to financing only those projects that comply with the revised Equator Principles, and commit to implementing these principles into business and risk management processes in a manner consistent with its organizational structure.

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Equator Principles: Fortis adopts environmental and social criteria for project financing

Brussels/Utrecht - 17 February 2006

Fortis has adopted the Equator Principles – guidelines for responsible project financing. Fortis will apply the principles globally to project finance for all industry sectors. Full implementation is expected to take six months. In adopting the Equator Principles, Fortis joins a group of 40 leading international financial institutions. Together, they underwrite more than 75% of all project finance transactions worldwide.

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SMBC establishes an Environment Department and adopts the Equator Principles

Tokyo - 23 January 2006

Sumitomo Mitsui Banking Corporation (SMBC, President: Masayuki Oku) has established a department (Environment Analysis Department) within the Credit Department of its International Banking Unit effective today to strengthen its commitment to social and environmental responsibility. The new department will establish an environmental impact assessment framework for overseas project financing and conduct assessments accordingly.

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Caja Navarra, First Spanish Saving Bank that Adopts the Equator Principles

Pamplona - 9 January 2006

The organization establishes the taking of environmental and social measures in the financing of projects

Caja Navarra has adopted the Equator Principles for the incorporation of environmental and social criteria in the financing of projects. Caja Navarra is the first saving bank and the second Spanish financial organization in adopting this initiative, and number 37 on international scale. This decision will result in benefits for the environmental and the set of the society.

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Millennium BCP Adopts the Equator Principles

LISBOA - 02 January 2006

Millennium bcp adopted the Equator Principles, as part of the Sustainability strategy and the Social Responsibility Values supported by the Bank.

The Equator-Principles stand as a set of guidelines, to be followed by financial institutions, to manage social and environmental matters in the financing of large projects. With the adoption of these Principles Millennium bcp commits to act in accordance with specific policies and procedures related to Project Finance activities.

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The Bank of Tokyo-Mitsubishi adopts the Equator Principles

Tokyo - 22 December 2005

Adoption of the Equator Principles

We are pleased to announce that it has adopted the Equator Principles for project finance effective January 2006, representing our commitment to verifiable policies designed to support the realization of a sustainable society.

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