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.
Nedbank is the First African Bank to Adopt the Equator Principles
Johannesburg - 10 November 2005
Nedbank has become the first African bank to adopt the Equator Principles.
The Equator Principles, developed by several leading banks, are based on the environmental and social policies and safeguards of the International Finance Corporation (IFC). They aim to provide a guideline for banks to ensure that the projects they finance are developed in a socially responsible and environmentally sound manner.
BMO Financial Group Adopts Equator Principles
Toronto - 15 September 2005
BMO Financial Group today announced it has adopted the Equator Principles, a voluntary set of environmental and social guidelines adopted by leading banks for project financing.
The Equator Principles apply to projects with a capital cost of US$50 million or more in all industry sectors. Established in 2002, they are based on guidelines set by the International Finance Corporation, a member of the World Bank Group that promotes sustainable, private sector investment in developing countries as a way to reduce poverty and improve people’s lives.