Equator Principles

Citi was a co-founder of the Equator Principles (EP), and served as Chair of the EP Steering Committee from the spring of 2010 until the spring of 2012. Considered the gold standard for managing environmental and social risks in project finance, the EP Association membership has grown from 10 initial members at the 2003 launch to more than 70 financial institutions from around the world. In adopting the Equator Principles, a financial institution agrees to provide loans only to those projects whose borrowers can demonstrate their ability and willingness to comply with comprehensive processes aimed at ensuring that projects are developed in a socially responsible manner and according to sound environmental management practices. The full text of the Equator Principles can be found at www.equator-principles.com The flowchart below illustrates Citi's typical project finance review and approval process to ensure compliance with the Equator Principles.