Bank of America, Caja Navarra and Banca Intesa adopt the revised Equator Principles
Amsterdam 28 July 2006
Another three EPFIs adopt the revised Equator Principles. Bank of America and Caja Navarra have announced their re-adoption of the Equator Principles and Banca Intesa newly adopted the EP. The EPFIs are pleased to have these institutions on board.
Banco Bradesco, Dresdner Bank and Manulife re-adopt Equator Principles
Amsterdam - 20 July 2006
In addition to the 33 financial institutions that already adopted the revised Equator Principles on July 6 (see press release on this site), three more financial institutions have adopted the revised framework in the meantime: Banco Bradesco, Dresdner Bank and Manulife. Moreover Unibanco explained its reasons for the re-adoption. All participating financial institutions commit to financing only those projects that comply with the revised Equator Principles, and commit to implementing these principles into business and risk management processes in a manner consistent with its organizational structure.
Equator Principles: Fortis adopts environmental and social criteria for project financing
Brussels/Utrecht - 17 February 2006
Fortis has adopted the Equator Principles – guidelines for responsible project financing. Fortis will apply the principles globally to project finance for all industry sectors. Full implementation is expected to take six months. In adopting the Equator Principles, Fortis joins a group of 40 leading international financial institutions. Together, they underwrite more than 75% of all project finance transactions worldwide.
SMBC establishes an Environment Department and adopts the Equator Principles
Tokyo - 23 January 2006
Sumitomo Mitsui Banking Corporation (SMBC, President: Masayuki Oku) has established a department (Environment Analysis Department) within the Credit Department of its International Banking Unit effective today to strengthen its commitment to social and environmental responsibility. The new department will establish an environmental impact assessment framework for overseas project financing and conduct assessments accordingly.
Caja Navarra, First Spanish Saving Bank that Adopts the Equator Principles
Pamplona - 9 January 2006
The organization establishes the taking of environmental and social measures in the financing of projects
Caja Navarra has adopted the Equator Principles for the incorporation of environmental and social criteria in the financing of projects. Caja Navarra is the first saving bank and the second Spanish financial organization in adopting this initiative, and number 37 on international scale. This decision will result in benefits for the environmental and the set of the society.
Millennium BCP Adopts the Equator Principles
LISBOA - 02 January 2006
Millennium bcp adopted the Equator Principles, as part of the Sustainability strategy and the Social Responsibility Values supported by the Bank.
The Equator-Principles stand as a set of guidelines, to be followed by financial institutions, to manage social and environmental matters in the financing of large projects. With the adoption of these Principles Millennium bcp commits to act in accordance with specific policies and procedures related to Project Finance activities.
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.
Sustainability and Project Finance BES and BESI adopt the Equator Principles
Lisboa - 16 August 2005
Banco Espírito Santo Group (BES Group) is the first Portuguese financial institution to adopt the Equator Principles. The Equator Principles are a set of guidelines voluntarily followed by financial institutions to manage social and environmental issues arising from project finance operations with a capital cost of $50 million or more.