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Private Banks
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The Equator Principles: banks adopt voluntary standards in project finance
In July 2003 12 international banks signed up to voluntary environmental and social standards called the Equator Principles. While the adopted of these principles is an encouraging step that signals a willingness of these organisations to integrate sustainability issues in their activites, the real test will be the the real world impacts in the projects that they finance.
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The buck's gotta stop somewhere: Report
Social and environmental accountability in the financing of mining: This report reveals Australian banks lag behind their international counterparts in ensuring investments are not channeled to ecologically and environmentally devastating projects throughout the Asia-Pacific region.
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The Collevecchio Declaration
In January 2003 over 100 civil society groups released the Colevecchio Declaration on Financial Institutions and Sustainability, highlighting the roles and responsibilities of the financial sector in promoting sustainability and outlining basic six commitments that FI's should embrace.
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