Equator Principles

March 9, 2010 · 0 comments

Equator Principles are guidelines that serve to safeguard natural habitats and communities by screening projects to check for adverse human or environmental effects. The voluntary framework was established by a conglomerate of banks led by Citigroup, ABN Amro, Barclays and WestLB in 2003 and specifically deals with determining, assessing and managing risks associated with project financing in terms of environmental and social factors. Banks that work by the equator principles agree not to finance projects that do not meet the criteria.

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