Mumbai: IDFC Ltd has adopted the internationally accepted credit risk management framework, Equator Principles, for determining, assessing and managing environmental and social risks in Project Finance transactions. Moreover, with the recent initiative, IDFC has become the first Indian Financial Institution to join the Equator Principles Association.
Commenting on the said initiative, Dr Rajiv Lall, Executive Chairman of IDFC Ltd said, “Adoption of the Equator Principles is part of IDFC’s goal of contributing to Nation Building in an environmentally and socially sustainable manner.”
The Equator Principles are implemented voluntarily by financial institutions and are applied where the total project capital costs exceed US$10 million. Globally the Equator Principles is adopted by 78 banks, involving ABN Amro, BNP Paribas, Barclays, Bank of America, Citigroup, Credit Suisse, HSBC and Societe General.
Read more about IDFC adopts Equator Principles’ framework on EPC News
Commenting on the said initiative, Dr Rajiv Lall, Executive Chairman of IDFC Ltd said, “Adoption of the Equator Principles is part of IDFC’s goal of contributing to Nation Building in an environmentally and socially sustainable manner.”
The Equator Principles are implemented voluntarily by financial institutions and are applied where the total project capital costs exceed US$10 million. Globally the Equator Principles is adopted by 78 banks, involving ABN Amro, BNP Paribas, Barclays, Bank of America, Citigroup, Credit Suisse, HSBC and Societe General.
Read more about IDFC adopts Equator Principles’ framework on EPC News