Equator principles for St. Maarten?

St. Maarten - 07 November 2008 - EcoCarib

We should not forget that the banks have made a lot of money, also in St. Maarten while they were conscious of the lack of control by our government but nevertheless financed projects without ever thinking about the sustainability of the projects which makes them also responsible for part of the problems of the island.

Sixty-three financial institutions from twenty-five countries have adopted the Equator Principles. These financial institutions operate in over 100 countries. As a result, the Equator Principles have become the project finance industry standard for addressing environmental and social issues in project financing globally. Now we have to push our local banks to adopt these guidelines but even better to make our own tailored set of guidelines for St. Maarten. Read more

 

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.

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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.

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Itaú Holding Assumes Role of Chair of the Steering Committee of the Equator Principles

São Paulo - 22 September 2008

The Bank is the first from an emerging economy to lead the Steering Committee of the Equator Principles, which brings together financial institutions committed to sustainability in project financing.

From 22 September 2008, Itaú will lead the activities of the Equator Principles Financial Institutions (EPFI) – a public pledge that they are committed to taking social and environmental risks into consideration in project financing. Marcelo Battisti, the Credit and Socio-environmental Risk Manager, Itaú BBA will assume the role of Chair of the Steering Committee of the Equator Principles (EP) and this is the first time an institution from an emerging economy has assumed leadership of this group.

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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.

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Equator Principles Celebrate Five Years of Positive Environmental Impact and Improved Business Practices

Washington D.C. - 08 May 2008

In 2007 US$52.9 billion of project finance debt in emerging market economies was subject to the Equator Principles

Washington, DC, May 8, 2008 – Sixty of the world’s leading financial institutions today mark the fifth anniversary of the Equator Principles (EPs), voluntary standards for financial institutions to manage environmental and social risk in their project finance transactions.

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Société Générale Joins the Equator Principles’ Steering Committee

Washington D.C. - 08 May 2008

Société Générale has joined the steering committee of the Equator Principles (which regroup sixty banks), a voluntary set of guidelines for managing environmental and social issues in project finance. Since its adoption on September 2007 of the Equator Principles, Société Générale has actively participated in the working groups which aim to extend the Principles to other areas.

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Equator Principles Financial Institutions Meet in Washington D.C. for the Annual Equator Principles Meeting and IFC Community of Learning Events

Washington D.C. - 05-08 May 2008

The Equator Principles Financial Institutions were pleased to join IFC's Community of Learning, an event focussed on sharing lessons learned when implementing IFC's Performance Standards. The event was also attended by a number of environmental representatives of Development Finance Institutions (DFIs) from across the globe. On 6 May IFC hosted a dinner, where a presentation was given to mark the fifth anniversary of the Equator Principles, led by Herman Mulder, formerly of ABN Amro. These events were followed by the Annual Meeting of the Equator Principles Financial Institutions, held at the National Press Club. At the meeting Societe Generale were voted on to the Steering Committee and an administration function for the Committee was appointed. The Group also discussed the development of the Governance of the Principles.

Equator Principles Financial Institutions Meet in Washington D.C. for the Annual Equator Principles Meeting and IFC Community of Learning Events

Washington D.C. - 05-08 May 2008

The Equator Principles Financial Institutions were pleased to join IFC's Community of Learning, an event focussed on sharing lessons learned when implementing IFC's Performance Standards. The event was also attended by a number of environmental representatives of Development Finance Institutions (DFIs) from across the globe. On 6 May IFC hosted a dinner, where a presentation was given to mark the fifth anniversary of the Equator Principles, led by Herman Mulder, formerly of ABN Amro. These events were followed by the Annual Meeting of the Equator Principles Financial Institutions, held at the National Press Club. At the meeting Societe Generale were voted on to the Steering Committee and an administration function for the Committee was appointed. The Group also discussed the development of the Governance of the Principles.

Equator Principles Financial Institutions Meet in Washington D.C. for the Annual Equator Principles Meeting and IFC Community of Learning Events

Washington D.C. - 05-08 May 2008

The Equator Principles Financial Institutions were pleased to join IFC's Community of Learning, an event focussed on sharing lessons learned when implementing IFC's Performance Standards. The event was also attended by a number of environmental representatives of Development Finance Institutions (DFIs) from across the globe. On 6 May IFC hosted a dinner, where a presentation was given to mark the fifth anniversary of the Equator Principles, led by Herman Mulder, formerly of ABN Amro. These events were followed by the Annual Meeting of the Equator Principles Financial Institutions, held at the National Press Club. At the meeting Societe Generale were voted on to the Steering Committee and an administration function for the Committee was appointed. The Group also discussed the development of the Governance of the Principles.