KfW IPEX-Bank adopts Equator Principles
Frankfurt - 03 March 2008
KfW IPEX-Bank adopted the Equator Principles as of 1 March 2008, committing itself to the globally-recognised benchmark for the financial industry to manage social and environmental issues.
The Equator Principles, a framework plan for managing social and environmental risks, classify the social and environmental impacts of projects as either high, medium or low. For high or medium risk projects an environmental and social impact assessment must be prepared.
Financial Bank adopts Equator Principles
Lome, Togo - 18 February 2008
Financial BC is the first African bank coming from three monetary areas (WAEMU/UEMOA, EMCCA/CEMAC and Guinea Conakry) to adopt the Equator Principles, a voluntary set of environmental and social guidelines for project financing and other businesses. The Group is not only focused on big projects but also on daily business opportunities.
The Banco de la Republica Oriental del Uruguay (Banco Republica) Adheres to the Equator Principles
03 January 2008
Since 3rd January, 2008, the Banco República adheres to the Equator Principles (set of guidelines for determining, assessing and managing social and environmental aspects of investment projects, established at the request of the International Finance Corporation, agency of the World Bank, and voluntarily assumed by financing institutions).
By implementing these principles, the society, in general, and the companies, in particular, will be benefited, reducing their operational risks and increasing their competitivity and easy access to international markets.
This way, the Banco República enters into the group of main banks financing more than 95% of investment projects – at global level, which have already adhered to the Equator Principles.
National Australia Bank adopts equator principles
Melbourne - 25 October 2007
National Australia Bank (NAB), through its institutional banking and capital markets division nabCapital, has agreed to a global social and environmental benchmark for financing projects greater than US$10 million by adopting the Equator Principles. NAB joins other global banks from 21 countries adhering to the policies set down by the World Bank and International Finance Corporation. The Equator Principles are a set of globally recognised, voluntary guidelines to assess and manage social and environmental project financing risk, especially in emerging markets. NAB's Project Finance activities reside within the nabCapital business.
EDC adopts Equator Principles
Ottawa – 25 October 2007
Export Development Canada (EDC) today announced that it has become a signatory to the Equator Principles, an international financial industry benchmark for assessing and managing social and environmental risk in project financing.
“Adopting the Equator Principles reflects EDC’s ongoing commitment to conduct its international business in a socially and environmentally responsible manner and confirms the strength of its existing corporate social responsibility (CSR) policies,” said Eric Siegel, President and CEO of EDC.
Société Générale adopts the Equator Principles
Paris - 03 September 2007
Société Générale Group is announcing that it has adopted the Equator Principles, a voluntary set of guidelines for managing environmental and social issues in project finance. Introduced in 2003 under the aegis of the World Bank and International Finance Corporation, this initiative has been adopted by around fifty international banks.
BankMuscat Adopts the ‘Equator Principles’. First Bank from across the Middle East to take this ‘environment-friendly’ stand.
Muscat - 18 August 2007
BankMuscat, the nation’s leading bank, has adopted the ‘Equator Principles’, a set of globally recognized, voluntary guidelines established to assess and manage social and environmental risk in project financing, especially in the emerging markets. In adopting these principles, BankMuscat has become the first bank from across the Middle East region to adopt the Equator Principles. The Bank will also ensure that the projects it finances are developed in a socially responsible manner and reflect sound environmental management practices.
Corpbanca adopts Equator Principles
Santiago, Chile - 19 July 2007
CORPBANCA (NYSE:BCA, Santiago: CORPBANCA) has announced today the adoption of the Equator Principles, to develop a policies and methodologies for addressing environmental and social risks in project financing, in terms of having a common framework and language in our internal policies, procedures and processes.
TD Bank Financial Group Adopts Equator Principles
Toronto - April 12, 2007
TD Bank Financial Group (TDBFG) announced it has adopted the Equator Principles, a set of globally recognized, voluntary guidelines established to assess and manage social and environmental risk in project financing.
In adopting these principles, TDBFG strengthens its existing environmental risk management and due diligence processes, ensuring that the projects it finances are developed in a socially responsible manner and reflect sound environmental management practices.
CIFI Adopts Equator Principles
Arlington, VA - 06 April 2007
Corporación Interamericana para el Financiamiento de Infraestructura, S.A. (CIFI), a leading financial institution providing structured financing and advisory services for infrastructure projects in Latin America and the Caribbean, has announced its adoption of the Equator Principles.
"CIFI embraces the concepts that underline the Equator Principles", said Roldan Trujillo, CIFI’s CEO. "We are delighted to join with so many outstanding financial institutions in formally adopting these principles. Through its adoption of these principles, CIFI ratifies its commitment to matters of corporate responsibility, consistent with its continuous quest to align itself with the needs of its customers, shareholders, employees and of the societies in which it pursues its business”.