Equator Principles need toughening up – report

26 May 2011 - Environmental Finance, Jess McCabe

The voluntary standards covering the environmental and social (E&S) impacts of project financing should be toughened and expanded, a key report on the future of the Equator Principles has recommended. Read More.

‘Green' risks in project financing

India - 12 April 2011 - The Hindu Business Line, Koyel Mandal

With a number of projects facing protests and environment clearances being challenged, financial institutions need to adopt internal guidelines to manage such risks effectively. In the last decade or so, a number of companies or projects in India have either been shut down temporarily or permanently, or have been heavily penalised as a result of adverse environmental and social impacts. Read more

Land in Africa remains an emotive issue

Cape Town - 11 April 2011 - HWMA Online, Claude Harding

Investors buying farmland in Africa need to take note of the political and emotional risks involved, and it is essential that they do their homework before making any purchases. A growing number of international investors are looking to buy farmland on the continent in order to meet the global demand for agricultural commodities. Read more

Solidaridad releases report, “Benchmark Study of Environmental and Social Standards in Industrialised Precious Metals Mining”

28 March 2011 - Solidaridad Network

The report compares eight leading standards for safeguarding people and the environment at industrial precious metals mines. These standards include the Equator Principles and seven other reporting standards, principles and initiatives. The purpose of the benchmark report was to identify an existing standard that could serve as the most effective tool for managing a wide range of environmental and social impacts at industrial precious metals mines. Read more.

Banking on Sustainable Business Practices

Nigeria - 24 March 2011 - Business Day, Anthony Osae-Brown

"Our staff have now, as part of their core responsibilities regarding the key performance indicators (KPI), shown us how they are contributing to the society they live in. So we now have examples of staff who have taken it upon themselves to intervene in the society purely from their own resources. This way, our staff are gradually making an impact in the society,” Ebenezer Olufowose, Executive Director, Access Bank plc, stated. Read more

Equator Principles: Do they make business sense?

India - 27 January 2011 - Eco Business, Abhijeet Deshpande

Equator Principles (EPs) seem poised to make a key contribution towards sustainable project finance lending and ultimately, safeguard investors’ interests. Read more

Importance of Equator Principles in Banking

Malaysia - 1 May 2010 - The Star Online, Elaine Ang

THE Equator Principles (EPs) is growing in importance in the global banking arena as financiers realise that minimising environmental and social risks will contribute towards business sustainability. ... The Principles, launched in June 2003, were developed by four private sector banks – Citi, ABN Amro, Barclays plc and WestLB AG. Read more

Bob Annibale, Global Director Of Citi Microfinance And Community Development.

27 April 2010 - Business Wire

“While our philanthropy makes a positive impact, our real power lies within the business. Citi has long been an industry leader in integrating policies into our corporate practices that benefit the communities in which we live and work. We are committed to continuing our work in a transparent fashion to forward these common goals and play a positive role in the global economic recovery,” said Pam Flaherty, Director of Citi Corporate Citizenship and CEO and President of the Citi Foundation. Read more

Can the Equator Principles survive without the NGOs?

UK - 15 March 2010 - Ethical Corp, Tony Webb

BankTrack is calling on the new chair of the steering committee of the EP's, Shawn Miller of Citigroup, to encourage the banks who have signed up to show how their following of the principles has helped poor communities surrounding projects financed by the banks. Read more

Banks Attacked for Failures to Meet Equator Principles on Environment

UK - 14 January 2010 - The Guardian, Nick Mathiason

Campaign groups say funding is still going to projects that damage planet.  The world's biggest banks are continuing to lend money to some of the most environmentally damaging energy and infrastructure projects despite a supposed groundbreaking protocol they agreed to seven years ago that was meant to prevent such abuses. Read more