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Home >
Corporate Social Responsibility > International Frameworks |
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The Equator Principles
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| | | Promoting Social and Financial Risk in Finance | | On January 2009, AAIB became the first Equator Bank in Egypt, and the second in the region, by adopting the Equator Principles. In this, AAIB is set on integrating social and environmental risk management into its corporate finance deals.
The "Equator Principles" is a financial industry benchmark for determining, assessing and managing social & environmental risk in project financing.. 67 financial institutions from 27 countries have adopted the Equator Principles. These financial institutions operate in over 100 countries. As a result, the Equator Principles have become the project finance industry standard for addressing environmental and social issues in project financing globally. | | | A year after adopting the EP, AAIB successfully trained all credit and risk staff members and managers to best apply these principles. In parallel, we also developed our own policies and procedures for lending. Along this path, in our efforts to encourage public advocacy and raise awareness and actions towards attending social and environmental challenges, we partnered with the International Finance Corporation (IFC) and conducted workshops for peers risk departments about the concept. |
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