Establishment of "Social & Environmental Risk Assessment Office"
(Sept.1,2006)
Today, we launched "Social & Environmental Risk Assessment Office" in the Structured Finance Division. The new office is responsible for assessing and managing social & environmental risk in project financing in accordance with "Equator Principles", succeeding to duties formerly handled by Structured Finance Division.
The Equator Principles are common standards that private financial institutions apply to, assess and manage social & environmental risks in project financing. They are based upon the policies and guidelines of the World Bank Group. Each financial institution that adopts the Equator Principles will consult with a borrower in order to comply with the Principles, and incorporate this review into the institution's decision to provide financing to the project.
Equator Principles:
http://www.equator-principles.com/
Adoption of Equator Principles/Social & environmental risk assessment
