Standard Bank Group subscribes to The Equator Principles, which is a global benchmark for the financial industry to determine, assess and manage social and environmental risk in project financing.

The Equator Principles are based on the International Finance Corporation (IFC) performance standards on social and environmental sustainability; and on the World Bank Group’s Environmental, Health and Safety general guidelines that are applied globally and across all industry sectors by banks providing project finance.

The principles apply to all new project finance deals above US$10m.

Basel II defines project finance as “a method of funding in which the lender looks primarily to the revenues generated by a single project, both as the source of repayment and as security for the exposure. This type of financing is usually for large, complex and expensive installations that might include, for example, power plants, chemical processing plants, mines, transportation infrastructure, environment, and telecommunications infrastructure”.

Visit www.equator-principles.com for more information on the principles.

For more information on project financing visit http://bit.ly/bkcDSj