Equator Principles: for better assessing environmental and social risks
The international community today is obliged to control the economic, social and environmental consequences of human activity. As an investor, the banking sector has a key role to play in assessing and managing these risks.
At the service of 1,100 companies and 500 financial institutions worldwide, Crédit Agricole CIB was one of the banks at the root of the launch of the Equator Principles in 2003. Now a market standard, the Equator Principles are used to assess the environmental and social risks generated by corporate financing for project construction and expansion.
In June 2013 Crédit Agricole CIB played a central role in extending the application of the Principles to all projects involving an investment of $10 million or over (down from the original $50 million). It also committed to applying these rules on a best-effort basis for financing modes other than project financing.