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Committed to the business of the environment

Author: Fiona Harvey, Financial Times, Published on: 17 September 2006

...Financial institutions have begun to take action on environmental issues such as climate change, pollution, water shortages and biodiversity. More than 40 banks have now signed up to the Equator Principles, which bind their signatories to standards governing the environmental and social criteria by which a project applying to the bank for funding should be judged...As well as promising to abide by certain standards in their lending, many banks have invested sizeable amounts in green projects...The deadline for entries [for the Sustainable Banking Awards, created by FT & IFC] is February 28 2007. [article refers to Goldman Sachs, ABN Amro, Citigroup, HSBC]

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Related companies: ABN Amro Citigroup Goldman Sachs HSBC