Unibanco Adopts Social and Environmental Criteria for Approving Credits
Sao Paulo - 1 June 2004
Unibanco is the first Brazilian – and the first emerging market – bank to start complying with the Equator Principles
Unibanco is reinforcing the social and environmental dimensions of its activities. In June, the bank starts adopting the so-called Equator Principles, a set of social and environmental criteria used to evaluate and approve credits for infrastructure projects.
Eksport Kredit Fonden Adopts the International ”Equator Principles” Guidelines
Copenhagen - 14 May 2004
As the first export credit agency (ECA) worldwide and the first financial institution in Denmark, Eksport Kredit Fonden adopts the ”Equator Principles” which are a voluntary set of international guidelines developed by the banks for managing environmental and social issues related to project finance. The “Equator Principles” are based on the policies and procedures as set by the World Bank institution International Finance Corporation (IFC).
Bank of America Adopts the Equator Principles
Charlotte, North Carolina - 15 April 2004
Bank of America announced today that it has adopted the Equator Principles. This brings the number of banks which have adopted the principles to 21, including four from North America. Chan Martin, Bank of America Enterprise Market Risk Executive, stated, "The actions we take today can have an impact far beyond the financial transactions that define our business. We believe our adoption of the Equator Principles supports an industry standard that recognizes environmental responsibility".