DekaBank Adopts Equator Principles
Frankfurt, 01 March 2011
DekaBank officially adopted the Equator Principles as of March 1st 2011 commit-ting itself to a set of global standards for the management of social and environ-mental issues in the field of project finance.The Equator Principles are based on World Bank and IFC guidelines. They oblige committing financial institutions to finance projects only if it can be guaranteed that the social and ecological impact of projects is assessed.
Natixis Adopts the Equator Principles
Paris, 30 December 2010
Natixis announced that it had adopted the Equator Principles, a financial industry standard for managing social and environmental risk in project financing. These principles will be applied worldwide to all new Project Finance lending and advisory, for projects with capital costs of US $10 million or above, in all industry sectors supported by Natixis : infrastructure, power – renewable energy, natural resources, oil & gas, mining and telecommunications. Because Natixis is aware of its social and environmental responsibility in terms finance, it has implemented an environmental appendix for its project finance operations since 2005.
NIBC Bank Adopts Equator Principles
The Hague, 09 November 2010
NIBC Bank has adopted the Equator Principles, a globally-recognised benchmark for assessing and managing social and environmental risks in project finance. NIBC will apply the principles to project finance activities in all relevant sectors. The Equator Principles promote socially responsible conduct and sound environmental practices in relation to project finance initiatives. The benchmark seeks to provide a framework against which lending can be assessed, applying to all new project finance arrangements above US$10m. By adopting the Equator Principles, NIBC commits to not providing loans to projects where the borrower cannot or will not comply with the social and environmental standards set out in Equator Principles policies and procedures.
Eksportfinans ASA Adopts the Equator Principles
Norway, 1 September 2010
Eksportfinans ASA formally adopts the Equator Principles, a voluntary set of guidelines for determining, assessing and managing social and environmental risk in project financing. Since its establishment in 2003, more than 60 international banks have adopted the Equator Principles, including the majority of the world’s leading project lenders. The Equator Principles apply to all new project financings globally with total project capital costs of US$10 million or more, and across all industry sectors. The adoption of the Equator Principles is consistent with Eksportfinans’ commitment to participating in environmentally and socially sustainable projects, and will be an important tool in further ensuring sustainable project finance. Eksportfinans is the Norwegian institute for export financing owned by banks and the Norwegian Government. It offers competitive long term financing to the export industry.
BMCE Bank Adopts the Equator Principles
Morocco, 10 May 2010
BMCE Bank formally announced its adoption of the Equator Principles on May 10th, 2010. The Equator Principles (EPs) are a voluntary set of standards for determining, assessing and managing social and environmental risk in project financing. The EPs apply to all new project financings globally with total project capital costs of US$ 10 million or more, and across all industry sectors.
ASN Bank Adopts Equator Principles
The Hague, 25 November 2009
On 25 November 2009, ASN Bank adopted the Equator Principles. This means that, from now on, the bank will also assess the projects in which it invests using the Equator Principles and the social and environmental criteria in the International Finance Corporation (IFC) Performance Standards. ASN Bank has applied its own sustainability criteria in the selection of investments for years. The reason ASN Bank adopted the Equator Principles is that it invests in increasingly larger projects. The Equator Principles apply specifically to all new project financings globally with total project capital costs of US$10 million or more, and across all industry sectors.
CAIXA Econômica Federal Adopts the Equator Principles
Brazil, 18 November 2009
Social Environmental impacts will be taken into account in credit Caixa Econômica Federal has formally adopted the Equator Principles – a set of environmental and social benchmarks for managing environmental and social issues in development project finance globally. The principles were modelled on the environmental standards of the World Bank and the social policies of the International Finance Corporation (IFC).
ABSA adopts Equator Principles
South Africa - 22 October 2009
Absa has confirmed its commitment to environmental sustainability by announcing that the bank has adopted the Equator Principles. This formally qualifies Absa as an Equator Principles Financial Institution (EPFI) and puts the bank in step with the world's top financial institutions, including principal shareholder, Barclays.
FirstRand Adopts the Equator Principles
South Africa, 13 July 2009
On 13 July 2009, FirstRand adopted the Equator Principles, providing the group with a globally-recognised benchmark for managing environmental and social risk in its project finance transactions. The Equator Principles provide FirstRand Bank Ltd with a globally recognized benchmark for managing environmental and social risk in project financing and FirstRand Bank will be integrating the International Finance Corporation (IFC) Performance Standards and the World Bank Group Environmental, Health and Safety (EHS) Guidelines into their existing lending practices to a more refined degree than it is currently.
Fortis Bank Nederland Adopts Equator Principles
The Netherlands, 3 August 2009
On 3 August 2009 Fortis Bank Nederland adopted the Equator Principles – a framework to manage environmental and social issues in project finance. FBN will apply the Equator principles to all project finance activities in all industry sectors. After having applied the Equator Principles as part of the Fortis group since 2006, FBN continues to ensure that the projects financed are developed in a socially responsible manner and reflect sound environmental management practices. In adopting the Principles, Fortis Bank Nederland joins 67 other financial institutions worldwide, representing >85% of project finance transactions.