10 banks adopt "Equator Principles": voluntary social & environmental guidelines for financing projects

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Article
6 June 2003

Banks adopt sustainability principles for financing development projects

Author: EurActiv.com

On 4 June, ten leading international banks announced the adoption of the "Equator Principles", a voluntary set of guidelines for managing social and environmental issues related to the financing of development projects.

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Article
5 June 2003

10 leading banks to adopt ‘Equator Principles’

Author: Saad Tayara, Ethical Corporation Magazine

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Article
5 June 2003

International financiers set voluntary green standards for energy projects

Author: Oil & Gas Journal

[Equator Principles] The principles largely mirror the IFC's own guidelines for oil and gas, mining, and forestry projects pursued in developing countries.

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Article
5 June 2003

Top 10 banks agree to socially responsible financing

Author: AFP, in Business Report [South Africa]

[Equator Principles] The banks would apply the principles globally and to all industry sectors, including mining, oil and gas, and forestry, according to a World Bank statement. The banks adopting the principles are ABN Amro Bank and Rabobank of the Netherlands; Barclays and Royal Bank of Scotland of Britain; US-based Citigroup; French-based Credit Lyonnais; Credit Suisse Group of Switzerland; HVB Group and WestLB of Germany; and Westpac Banking of Australia

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Article
5 June 2003

Will Equator Principles Deliver Social and Environmental Responsibility from Banks?

Author: William Baue, SocialFunds.com

Social investors and NGOs question whether the Equator Principles will serve their stated purpose of increasing global banks' social and environmental responsibility.

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Article
4 June 2003

Banks sign up for responsible lending accord

Author: Demetri Sevastopulo, Financial Times

The "Equator Principles" were drafted by ABN Amro, Barclays, Citigroup and WestLB in collaboration with the International Finance Corporation, the private-sector arm of the World Bank.

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Article
4 June 2003

Leading Banks Adopt Equator Principles

Author: International Finance Corporation

[includes a statement by each bank]

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Article
4 June 2003

Leading Banks Adopt Social Responsibility Guidelines

Author: GreenBiz.com

[Equator Principles]

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Article
3 June 2003

Collective NGO Analysis of the Equator Principles

Author: Rainforest Action Network, Friends of the Earth USA, Friends of the Earth UK, World Wildlife Fund UK, Amazon Watch, Berne Declaration, Urgewald, Campagna Reforma el Banco Mundial

we applaud the efforts of leading banks to grapple with these critical issues... The EPs [Equator Principles] are consistent with, but fall far short of, the vision elaborated in the Collevecchio Declaration. NGOs are not endorsing the EPs, nor do we think they go far enough...Implementation is a key concern.

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