Which of the following companies institution is a signatory to the Equator Principles?
Which of the following companies institution is a signatory to the Equator Principles?
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the Equator Principles Association website….EP Association Members & Reporting.
| Institution | ABN Amro |
|---|---|
| Adoption Date | 03-Aug-09 |
| Country of Headquarters | The Netherlands |
| Region of Headquarters | Europe |
| Current EPFI Reporting | 2020 |
Who uses Equator Principles?
Westpac
In 2003, Westpac was one of 10 founding signatories globally, and the only Australian signatory, to the Equator Principles, a risk management framework adopted by financial institutions for determining, assessing and managing environmental and social risk in development projects.
Which company was behind the creation of the Equator Principles?
the International Finance Corporation
The Equator Principles, formally launched in Washington DC on 4 June 2003, were based on existing environmental and social policy frameworks established by the International Finance Corporation.
How many principles does the equator have?
The Equator Principles framework consists of 10 Principles.
What is the Equator Principles Association?
The Equator Principles (EPs) is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects. It is primarily intended to provide a minimum standard for due diligence and monitoring to support responsible risk decision-making.
Which countries are in Equator?
The Equator passes through 13 countries: Ecuador, Colombia, Brazil, Sao Tome & Principe, Gabon, Republic of the Congo, Democratic Republic of the Congo, Uganda, Kenya, Somalia, Maldives, Indonesia and Kiribati. At least half of these countries rank among the poorest in the world.
Why is it called Equator Principles?
The initial founders of the Equator Principles (EPs) wanted the adoption of the EPs to be a globally applicable (to financial institutions in the northern and southern hemispheres) and the equator seemed to represent that balance perfectly – hence the name, Equator Principles.
What is the designation of the equator?
The 0° parallel of latitude is designated the Equator, the fundamental plane of all geographic coordinate systems.
How many banks have adopted the Equator Principles?
On 4 June 2003, ten leading banks from seven countries announced the adoption of the Equator Principles (EP) – a basic framework for the management of social and environmental risks in project finance.
Why does the equator have principles?
The Equator Principles (EPs) is a risk management framework adopted by financial institutions for determining, assessing and managing environmental and social risk in projects. It’s primarily intended to provide a minimum standard for due diligence and monitoring to support responsible risk decision-making.
What is the equator of earth?
The Equator is an imaginary line around the middle of the Earth. It is halfway between the North and South Poles, and divides the Earth into the Northern and Southern Hemispheres. 4 – 12+ Earth Science, Meteorology, Geography, Physical Geography.
Does equator pass through India?
Since India lies completely in the northern hemisphere, the equator cannot pass through India.
What do you need to know about the Equator Principles?
According to the Equator Principles, all signatories must categorize the required types of loans (project finance advisory services, project finance, project-related corporate loans, and bridge loans) into Category A, B, or C according to the potential environmental and social risks of each project.
When do EPFIs report to the Equator Principles Association?
It should be noted that EPFIs report at different times in the calendar year (based on their institution’s reporting period) and the Equator Principles Association reporting web pages are updated regularly.
Why did Cathay United Bank adopt the Equator Principles?
For Cathay United Bank (CUB), “sustainability” means to implement CSR to the very core of our business—financing. This drives us to adopt the Equator Principles (EP) and become the very first signatory in Taiwan to minimize environmental, social and governance (ESG) risks and seize opportunities derived from the action.
When did Cub decide to adopt the Equator Principles?
In order to further assist our clients to minimize environmental and social impacts through financing, CUB decided to adopt the Equator Principles in March, 2015, followed by the agreement of the Board.
