At least four European and US banks plan to adopt the International Finance Corporation's social and environmental guidelines for project finance in emerging markets, a clear signal that banks are awakening to the risks of socially irresponsible investing. ABN Amro, Barclays, Citibank (part of Citigroup) and WestLB, in collaboration with the IFC, the private-sector arm of the World Bank, have drafted an agreement called the "Equator Principles"...Under the agreement, the banks agree to adopt the IFC's social and environmental rules for sustainable development, which include guidelines on issues ranging from environmental assessment and natural habitats to indigenous peoples and child and forced labour.