Sustainable finance: how far have the Equator Principles gone?

15 November 2012 - The Guardian, Oliver Balch

"Sustainable finance" finds itself very much in vogue these days. That wasn't the case ten years ago. Back then, bankers, insurers and investment folk wore suits, talked numbers, struck deals – and left worrying about the outside world to others. Today's shift in attitudes can arguably be dated back to early June 2003, when 10 international banks pledged to start applying social and environmental criteria to their lending. This wasn't your usual eco-banking small fry. The club included many of the big hitters of the day: Barclays, Citigroup, Credit Suisse and Rabobank, among others. Binding them all together was a set of rules and guidance documents that they called the Equator Principles. The banks behind the principles set two strict parameters right from the start. Read More.