NWB Bank adopts the Equator Principles
As of today, NWB Bank is officially applying the Equator Principles. This is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects. The framework is primarily intended to provide a minimum standard for due diligence and monitoring to support responsible risk decision-making. In practice, we will not provide project finance or project-related loans to clients that will not or cannot comply with the Equator Principles.
NWB Bank presents itself as ‘the sustainable water bank’. Adopting the Equator Principles fits perfectly in this strategy. We herewith also emphasize our effort to contribute to the United Nations Sustainable Development Goals. In particular, we believe we can contribute to reducing the impact on climate (SDG 13 & 17) and biodiversity (SDG 14 & 15) as well as creating sustainable cities and communities (SDG 11) and clean water and sanitation (SDG 6).