More Lenders Join in Pledge to Safeguard Environment

Read the full story in the New York Times.

Three years ago, 10 financial institutions — with Citigroup the only United States company on the list — announced that they would abide by the Equator Principles, a set of standards intended to ensure that the large projects they financed did not have a harmful impact on the environment or local population.

Since then, the Equator Principles Financial Institutions, as the group calls itself, has swelled to 41 members across the globe, including three more American companies: Wells Fargo, J. P. Morgan Chase and Bank of America. And today the group is expected to announce an expanded version of its guidelines as well.

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