Banco Itau And Banco Itau BBA Subscribe To Equator Principles

Banco Itau and Banco Itau BBA, both have just subscribed to the environmental preservation oriented Equator Principles. By adopting the Equator Principles, Banco Itau and Banco Itau BBA will observe the social and environmental policy of the IFC in loan

By None

Banco Itau and Banco Itau BBA, both have just subscribed to the environmental preservation oriented Equator Principles.

By adopting the Equator Principles, Banco Itau and Banco Itau BBA will observe the social and environmental policy of the IFC in loan operations amounting to more than US$ 50 million.

“By subscribing to these principles, we are strengthening Itau’s commitment to corporate citizenship and the development of the communities in which we operate. Along with the systematic investments, which we have been making in the areas of culture, education and health, we are reaffirming our commitment to and deepening our initiative in the field of environmental responsibility,” said Antonio Matias, executive vice-president of Itau and the Itau Social Foundation.

“As banks active in project finance in a developing country, Banco Itau’s and Itau BBA’s adoption of the Equator Principles is a major step forward and one which IFC welcomes with enthusiasm. The application of agreed environmental and social standards for project finance throughout the world creates tremendous momentum for improving the quality of projects and facilitating positive impact,” said Peter Woicke, executive vice president of IFC.

«