Banks behind controversial projects
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The financial sector has fallen relatively far behind other corporate sectors in understanding its role and responsibilities in advancing sustainability. We are now beginning to see banks develop initiatives such as the Equator Principles as a response to society’s increasing social and environmental expectations of the financial sector, and notably all the banks that drafted the Equator Principles have been the subject of NGO advocacy. Together with the BankTrack-Network the Berne Declaration will be keeping the pressure on.

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