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	<title>Risky Business</title>
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	<link>http://riskybusiness.wordpress.com</link>
	<description>Managing Reputational Risk in Project Finance by Rachael Bailey</description>
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		<title>Risky Business</title>
		<link>http://riskybusiness.wordpress.com</link>
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			<item>
		<title>Incorporating Environmental and Social considerations into Loan Documentation &#8211; New Guidance for Equator Principles Financial Institutions</title>
		<link>http://riskybusiness.wordpress.com/2009/08/14/guidance-for-equator-principles-financial-institutions-on-incorporating-in-incorporating-environmental-and-social-considerations-into/</link>
		<comments>http://riskybusiness.wordpress.com/2009/08/14/guidance-for-equator-principles-financial-institutions-on-incorporating-in-incorporating-environmental-and-social-considerations-into/#comments</comments>
		<pubDate>Fri, 14 Aug 2009 13:04:14 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[Best Practice]]></category>
		<category><![CDATA[Credit Risk Management]]></category>
		<category><![CDATA[Environmental and social due diligence]]></category>
		<category><![CDATA[Environmental finance]]></category>
		<category><![CDATA[Equator Principles]]></category>
		<category><![CDATA[Ethical Finance]]></category>
		<category><![CDATA[Ethical Lending]]></category>
		<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[PFI]]></category>
		<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[Responsible Project Financing]]></category>
		<category><![CDATA[Sustainable Finance]]></category>
		<category><![CDATA[banking ethics]]></category>
		<category><![CDATA[responsible finance]]></category>

		<guid isPermaLink="false">http://riskybusiness.wordpress.com/?p=175</guid>
		<description><![CDATA[A new guidance document &#8216;Guidance on incorporating environmental and social considerations into project finance loan documentation&#8221; has been release which can be expected to provide Equator Principles Financial Institutions with valuable advice on how to ensure the Equator Principles are applied to the projects they finance.
The loan documentation is a key document for ensuring the project [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=175&subd=riskybusiness&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://riskybusiness.wordpress.com/2009/08/14/guidance-for-equator-principles-financial-institutions-on-incorporating-in-incorporating-environmental-and-social-considerations-into/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<item>
		<title>New Climate Principles for Financial Institutions</title>
		<link>http://riskybusiness.wordpress.com/2008/12/30/new-climate-principles-for-financial-institutions/</link>
		<comments>http://riskybusiness.wordpress.com/2008/12/30/new-climate-principles-for-financial-institutions/#comments</comments>
		<pubDate>Tue, 30 Dec 2008 14:26:24 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[Climate change]]></category>
		<category><![CDATA[Corporate Responsibility]]></category>
		<category><![CDATA[Credit Risk Management]]></category>
		<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[Sustainable Finance]]></category>
		<category><![CDATA[Sustainable Investment]]></category>

		<guid isPermaLink="false">http://riskybusiness.wordpress.com/?p=162</guid>
		<description><![CDATA[On the 4th December 2008, five leading financial institutions signed up to the Climate Principles, new guidelines developed to deal with the risks and opportunities posed by climate change.
The initial take-up was not as wide as hoped, possibly due to the financial crisis. However, Banks Crédit Agricole, HSBC, Standard Chartered, and reinsurers Swiss Re and [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=162&subd=riskybusiness&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://riskybusiness.wordpress.com/2008/12/30/new-climate-principles-for-financial-institutions/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>New EBRD Performance Requirements</title>
		<link>http://riskybusiness.wordpress.com/2008/09/22/new-ebrd-performance-requirements/</link>
		<comments>http://riskybusiness.wordpress.com/2008/09/22/new-ebrd-performance-requirements/#comments</comments>
		<pubDate>Mon, 22 Sep 2008 14:13:06 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[EBRD]]></category>
		<category><![CDATA[EIA]]></category>
		<category><![CDATA[IFC]]></category>
		<category><![CDATA[finance ethics]]></category>

		<guid isPermaLink="false">http://riskybusiness.wordpress.com/?p=135</guid>
		<description><![CDATA[The European Bank for Reconstruction and Development (EBRD) new environmental and social policy was approved on 12 May 2008.
The policy has more explicit social provisions. In some areas, the EBRD’s requirements exceed IFC’s requirements. This includes EBRD’s reference to obtain a “consent” where operations are located in areas with indigenous populations. Reflecting its membership, EBRD [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=135&subd=riskybusiness&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://riskybusiness.wordpress.com/2008/09/22/new-ebrd-performance-requirements/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>EIA Reserve Matters</title>
		<link>http://riskybusiness.wordpress.com/2008/09/22/eia-reserve-matters/</link>
		<comments>http://riskybusiness.wordpress.com/2008/09/22/eia-reserve-matters/#comments</comments>
		<pubDate>Mon, 22 Sep 2008 13:49:50 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[EIA]]></category>
		<category><![CDATA[Environmental Impact]]></category>
		<category><![CDATA[Environmental Risk]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[finance ethics]]></category>

		<guid isPermaLink="false">http://riskybusiness.wordpress.com/?p=152</guid>
		<description><![CDATA[The amended EIA regulation came into force on the 1st September 2008.
These Regulations amend the Town and Country Planning (Environmental Impact Assessment) (England and Wales) Regulations 1999 (the 1999 Regulations&#8221;) so that they apply to applications for subsequent approval of matters under conditions attached to planning permissions.
In 2006, the House of Lords and the European [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=152&subd=riskybusiness&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>China drafts environmental guidelines for firms investing abroad</title>
		<link>http://riskybusiness.wordpress.com/2008/09/16/china-drafts-environmental-guidelines-for-firms-investing-abroad/</link>
		<comments>http://riskybusiness.wordpress.com/2008/09/16/china-drafts-environmental-guidelines-for-firms-investing-abroad/#comments</comments>
		<pubDate>Tue, 16 Sep 2008 11:29:44 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Asia environmental risk]]></category>
		<category><![CDATA[Best Practice]]></category>
		<category><![CDATA[Climate change]]></category>
		<category><![CDATA[Corporate Responsibility]]></category>
		<category><![CDATA[Credit Risk Management]]></category>
		<category><![CDATA[Environmental Policies]]></category>
		<category><![CDATA[Environmental Risk]]></category>
		<category><![CDATA[Environmental and social governance]]></category>
		<category><![CDATA[Environmental finance]]></category>
		<category><![CDATA[Equator Principles]]></category>
		<category><![CDATA[Ethical Finance]]></category>
		<category><![CDATA[Ethical Lending]]></category>
		<category><![CDATA[Extractive Industries]]></category>
		<category><![CDATA[NGO]]></category>
		<category><![CDATA[Oil and gas]]></category>
		<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[Responsible Project Financing]]></category>
		<category><![CDATA[Sustainable Finance]]></category>
		<category><![CDATA[banking ethics]]></category>
		<category><![CDATA[finance ethics]]></category>
		<category><![CDATA[responsible finance]]></category>

		<guid isPermaLink="false">http://riskybusiness.wordpress.com/?p=147</guid>
		<description><![CDATA[China is drafting environmental guidelines for companies investing in or providing economic aid to overseas countries.
 The work is being undertaken by the Chinese Academy for Environmental Planning (CAEP), in cooperation with the Global Environmental Institute (GEI) and the University of International Business and Economics. The first draft is now being discussed, the GEI said.
 A report [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=147&subd=riskybusiness&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://riskybusiness.wordpress.com/2008/09/16/china-drafts-environmental-guidelines-for-firms-investing-abroad/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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		<title>Are PPP’s good at CSR?</title>
		<link>http://riskybusiness.wordpress.com/2008/07/28/are-ppp%e2%80%99s-good-at-csr/</link>
		<comments>http://riskybusiness.wordpress.com/2008/07/28/are-ppp%e2%80%99s-good-at-csr/#comments</comments>
		<pubDate>Mon, 28 Jul 2008 12:19:40 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[finance ethics]]></category>

		<guid isPermaLink="false">http://riskybusiness.wordpress.com/?p=144</guid>
		<description><![CDATA[This paper argues that the Public-Private Partnerships (PPP) are not always consistent with CSR and calls for an ethical code of practice to enhance PPP’s responsibility.
Key points include:

In a PPP, if the shareholders of a parent company, who would have benefited if things had gone well, are legally under no obligation to do anything if [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=144&subd=riskybusiness&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://riskybusiness.wordpress.com/2008/07/28/are-ppp%e2%80%99s-good-at-csr/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>West African Sustainable Finance UNEP Event</title>
		<link>http://riskybusiness.wordpress.com/2008/07/15/west-african-sustainable-finance-event/</link>
		<comments>http://riskybusiness.wordpress.com/2008/07/15/west-african-sustainable-finance-event/#comments</comments>
		<pubDate>Tue, 15 Jul 2008 09:27:42 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[UNEP]]></category>
		<category><![CDATA[finance ethics]]></category>

		<guid isPermaLink="false">http://riskybusiness.wordpress.com/?p=139</guid>
		<description><![CDATA[Over 90 financial service executives from West Africa gathered in Lagos to celebrate the new financial successes that the region has enjoyed over the past few years in an event hosted by UNEP FI’s African Task Force (ATF) and Citigroup, and co-sponsored by Oceanic Bank and Bank of Industry. The involvement of bankers, asset managers, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=139&subd=riskybusiness&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://riskybusiness.wordpress.com/2008/07/15/west-african-sustainable-finance-event/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
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		<title>Equator Principles Celebrate Five Years of Positive Environmental Impact and Improved Business Practices</title>
		<link>http://riskybusiness.wordpress.com/2008/05/21/equator-principles-celebrate-five-years-of-positive-environmental-impact-and-improved-business-practices/</link>
		<comments>http://riskybusiness.wordpress.com/2008/05/21/equator-principles-celebrate-five-years-of-positive-environmental-impact-and-improved-business-practices/#comments</comments>
		<pubDate>Wed, 21 May 2008 17:15:31 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[finance ethics]]></category>

		<guid isPermaLink="false">http://riskybusiness.wordpress.com/?p=138</guid>
		<description><![CDATA[On May 8th sixty of the world’s leading financial institutions marked the fifth anniversary of the Equator Principles (EPs), voluntary standards for financial institutions to manage environmental and social risk in their project finance transactions. 

The EPs have become the global standard for project finance and have transformed the funding of major projects globally. In [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=138&subd=riskybusiness&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://riskybusiness.wordpress.com/2008/05/21/equator-principles-celebrate-five-years-of-positive-environmental-impact-and-improved-business-practices/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>EBRD 2008 Environmental and Social Policy</title>
		<link>http://riskybusiness.wordpress.com/2008/05/15/ebrd-2008-environmental-and-social-policy/</link>
		<comments>http://riskybusiness.wordpress.com/2008/05/15/ebrd-2008-environmental-and-social-policy/#comments</comments>
		<pubDate>Thu, 15 May 2008 15:36:17 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[Environmental and social governance]]></category>
		<category><![CDATA[Social risk]]></category>
		<category><![CDATA[Sustainable Finance]]></category>
		<category><![CDATA[finance ethics]]></category>

		<guid isPermaLink="false">http://riskybusiness.wordpress.com/?p=137</guid>
		<description><![CDATA[The 2008 Environmental and Social Policy is a key document of the Bank which details the commitments of the agreement establishing the Bank particularly for the &#8220;promotion of environmentally sound and sustainable development&#8221;. The 2003 Environmental Policy has been revised in order to reaffirm and strengthen these commitments and also to enhance commitments to social [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=137&subd=riskybusiness&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://riskybusiness.wordpress.com/2008/05/15/ebrd-2008-environmental-and-social-policy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>EBRD Publishes Public Information Policy</title>
		<link>http://riskybusiness.wordpress.com/2008/05/15/ebrd-publishes-public-information-policy/</link>
		<comments>http://riskybusiness.wordpress.com/2008/05/15/ebrd-publishes-public-information-policy/#comments</comments>
		<pubDate>Thu, 15 May 2008 15:33:40 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[Best Practice]]></category>
		<category><![CDATA[EBRD]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[Responsible Project Financing]]></category>
		<category><![CDATA[Social Impact]]></category>
		<category><![CDATA[banking ethics]]></category>
		<category><![CDATA[finance ethics]]></category>
		<category><![CDATA[responsible finance]]></category>
		<category><![CDATA[socially responsible investing]]></category>

		<guid isPermaLink="false">http://riskybusiness.wordpress.com/?p=136</guid>
		<description><![CDATA[The new EBRD Public information policy (PIP) was approved on the 12th May. It sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. At the same time, the PIP establishes clear lines of demarcation to distinguish information which [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=136&subd=riskybusiness&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://riskybusiness.wordpress.com/2008/05/15/ebrd-publishes-public-information-policy/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>Engineers Against Poverty provides practical guidance to oil, gas and mining companies on local enterprise development</title>
		<link>http://riskybusiness.wordpress.com/2008/04/29/engineers-against-poverty-provides-practical-guidance-to-oil-gas-and-mining-companies-on-local-enterprise-development/</link>
		<comments>http://riskybusiness.wordpress.com/2008/04/29/engineers-against-poverty-provides-practical-guidance-to-oil-gas-and-mining-companies-on-local-enterprise-development/#comments</comments>
		<pubDate>Tue, 29 Apr 2008 10:10:11 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[Best Practice]]></category>
		<category><![CDATA[Extractive Industries]]></category>
		<category><![CDATA[finance ethics]]></category>

		<guid isPermaLink="false">http://riskybusiness.wordpress.com/?p=134</guid>
		<description><![CDATA[ EAP has produced an eight-page briefing note to guide oil, gas and mining (OGM) companies on how they can maximise the contribution of local enterprises to the supply chain of their projects in low income countries. The document was produced with the support and assistance of the International Finance Corporation (IFC) PENSA Program in [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=134&subd=riskybusiness&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://riskybusiness.wordpress.com/2008/04/29/engineers-against-poverty-provides-practical-guidance-to-oil-gas-and-mining-companies-on-local-enterprise-development/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>Embedding Human Rights in Business Practice II</title>
		<link>http://riskybusiness.wordpress.com/2008/04/07/embedding-human-rights-in-business-practice-ii/</link>
		<comments>http://riskybusiness.wordpress.com/2008/04/07/embedding-human-rights-in-business-practice-ii/#comments</comments>
		<pubDate>Mon, 07 Apr 2008 10:24:58 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[Best Practice]]></category>
		<category><![CDATA[Environmental and social governance]]></category>
		<category><![CDATA[Human rights]]></category>
		<category><![CDATA[business ethics]]></category>
		<category><![CDATA[human rights policies]]></category>

		<guid isPermaLink="false">http://riskybusiness.wordpress.com/?p=133</guid>
		<description><![CDATA[The Global Compact Office and the Office of the UN High Commissioner for Human Rights have announced the release of the second edition in the Embedding Human Rights in Business Practice series. The publication features 20 case studies from Global Compact signatories around the world.
Among the companies profiled are: ABB, Achilles, Anglogold Ashanti, AREVA, Barloworld, [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=133&subd=riskybusiness&ref=&feed=1" />]]></description>
		<wfw:commentRss>http://riskybusiness.wordpress.com/2008/04/07/embedding-human-rights-in-business-practice-ii/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
	
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		<title>Chinese Banks would benefit from disclosed environmental policies</title>
		<link>http://riskybusiness.wordpress.com/2008/04/01/chinese-banks-would-benefit-from-disclosed-environmental-policies/</link>
		<comments>http://riskybusiness.wordpress.com/2008/04/01/chinese-banks-would-benefit-from-disclosed-environmental-policies/#comments</comments>
		<pubDate>Tue, 01 Apr 2008 09:23:31 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[Asia]]></category>
		<category><![CDATA[Best Practice]]></category>
		<category><![CDATA[Company Reporting]]></category>
		<category><![CDATA[banking ethics]]></category>

		<guid isPermaLink="false">http://riskybusiness.wordpress.com/?p=132</guid>
		<description><![CDATA[Banktrack has released an interesting report on the environmental performance standards of China&#8217;s financial institutions. The report recognises the need for policies to be put in place, as China&#8217;s financial institutions are becoming important players in financing environmentally and socially sensitive activities around the world.
The report found that: 
 Only two of China&#8217;s ten most [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=132&subd=riskybusiness&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>2008 FT Sustainable Banking Awards</title>
		<link>http://riskybusiness.wordpress.com/2008/03/31/2008-ft-sustainable-banking-awards/</link>
		<comments>http://riskybusiness.wordpress.com/2008/03/31/2008-ft-sustainable-banking-awards/#comments</comments>
		<pubDate>Mon, 31 Mar 2008 08:57:16 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[IFC]]></category>
		<category><![CDATA[Sustainable Finance]]></category>
		<category><![CDATA[Sustainable Investment]]></category>
		<category><![CDATA[World Bank]]></category>

		<guid isPermaLink="false">http://riskybusiness.wordpress.com/?p=131</guid>
		<description><![CDATA[There have been a record number of entries for the FT Sustainable Banking Awards this year, with 128 institutions in 54 countries submitting a total of 181 applications
The awards were created by the Financial Times and IFC, a member of the World Bank Group, to recognise banks and other financial institutions that have shown leadership [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=131&subd=riskybusiness&ref=&feed=1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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		<title>Equator Principle Financial Institutions Meet to Share Best Practice</title>
		<link>http://riskybusiness.wordpress.com/2008/01/27/equator-principle-financial-institutions-meet-to-share-best-practice/</link>
		<comments>http://riskybusiness.wordpress.com/2008/01/27/equator-principle-financial-institutions-meet-to-share-best-practice/#comments</comments>
		<pubDate>Sun, 27 Jan 2008 12:58:19 +0000</pubDate>
		<dc:creator>Rachael Bailey</dc:creator>
				<category><![CDATA[Best Practice]]></category>
		<category><![CDATA[Credit Risk Management]]></category>
		<category><![CDATA[Environmental and social governance]]></category>
		<category><![CDATA[Equator Principles]]></category>
		<category><![CDATA[Ethical Finance]]></category>
		<category><![CDATA[Ethical Lending]]></category>
		<category><![CDATA[Financial Institutions]]></category>
		<category><![CDATA[Project Finance]]></category>
		<category><![CDATA[Responsible Project Financing]]></category>
		<category><![CDATA[banking ethics]]></category>
		<category><![CDATA[finance ethics]]></category>

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		<description><![CDATA[
On 3 December  representatives from 25 EPFIs met to discuss the ongoing development of  the Equator Principles. The meeting was hosted by ING Group. The  discussions focussed on Equator Principle governance and the management  structure, reporting, and shared good practice. 
On 4 December the EPFIs  met with 15 NGOs at [...]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=riskybusiness.wordpress.com&blog=40390&post=130&subd=riskybusiness&ref=&feed=1" />]]></description>
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