Private Banks & Investors / Articles

Equator Principles Re–Launched

BankTrack welcomes any initiative that enhances the social and environmental sustainability of bank financing operations. BankTrack acknowledges the improvements in the new version of the Equator Principles (EPs), such as the expansion of the Principles to cover financial advising and the lower threshold, but also believes that the EPs fail to live up to their potential.

International NGO media release, March 13, 2003:

An international coalition of 120 environmental organizations today called on private banks and international financial institutions not to provide any funds for the large Karahnjukar dam and aluminum smelter project in Iceland. Iceland's National Power Company and the Alcoa Corporation are expected to sign the project's power contract on March 15.