Abn Amro Press Release 1/9/2006
Amsterdam, 09 January 2006
ABN AMRO to receive 2006 Gold Medal for International Corporate Achievement in Sustainable Development
The World Environment Center (WEC) announces today that ABN AMRO will receive the Gold Medal Award for International Corporate Achievement in Sustainable Development in recognition of its leadership in sustainability. The WEC Gold Medal Award will be presented to ABN AMRO on Friday 12 May 2006 in Washington, D.C. (United States). An independent jury elected to honour ABN AMRO with its 22nd annual Gold Medal award because of the Group's leading role in the creation and implementation of the Equator Principles. The Equator Principles are a voluntary set of guidelines for determining, assessing and managing social and environmental risk in project financing. The principles are based on the policies and standards set by the International Finance Corporation (IFC). ABN AMRO spearheaded the development and implementation of the global program in the private sector. As a result, more than thirty international banks representing 80% of project financing in the world have agreed to adopt the Equator Principles. "The award is a confirmation of ABN AMRO's efforts and achievements in sustainable development and reaffirms our commitment to continuing to promote sustainability actively across our industry and in the wider business world," said Rijkman Groenink, Chairman of the Managing Board of ABN AMRO. The WEC believes that the broad adoption of the Equator Principles will have a global impact on sustainable development. "The Equator Principles define precisely how financial institutions should contribute to sustainable development; through assessing projects on social and environmental criteria in order to lend responsibly" said Gold Medal Jury Chairman Dr. Joel Abrams, Professor Emeritus of the University of Pittsburgh. About the Gold Medal for International Corporate Achievement in Sustainable DevelopmentThe World Environment Center 'Gold Medal for International Corporate Achievement in Sustainable Development' was established in 1985 to recognize pre-eminent industry leadership initiatives and contributions to worldwide environmental quality and sustainable development. The WEC Gold Medal is awarded annually by an independent Jury comprised of international experts from academia, government, industry and non-governmental organizations.About the World Environment CenterThe World Environment Center (WEC) is an independent, not-for-profit, non-advocacy organization. Working with the private sector, international organizations, non-governmental organizations and academia, the WEC promotes sustainable development by encouraging leadership, improving health and safety practices worldwide, and fostering the efficient use of natural resources to protect the global environment. The WEC supports its mission through three central programs: the International Environment Forum (IEF); the WEC Gold Medal Award; and Capacity Building for the Environment programs.
ABN AMRO to receive 2006 Gold Medal for International Corporate Achievement in Sustainable Development
The World Environment Center (WEC) announces today that ABN AMRO will receive the Gold Medal Award for International Corporate Achievement in Sustainable Development in recognition of its leadership in sustainability. The WEC Gold Medal Award will be presented to ABN AMRO on Friday 12 May 2006 in Washington, D.C. (United States). An independent jury elected to honour ABN AMRO with its 22nd annual Gold Medal award because of the Group's leading role in the creation and implementation of the Equator Principles. The Equator Principles are a voluntary set of guidelines for determining, assessing and managing social and environmental risk in project financing. The principles are based on the policies and standards set by the International Finance Corporation (IFC). ABN AMRO spearheaded the development and implementation of the global program in the private sector. As a result, more than thirty international banks representing 80% of project financing in the world have agreed to adopt the Equator Principles. "The award is a confirmation of ABN AMRO's efforts and achievements in sustainable development and reaffirms our commitment to continuing to promote sustainability actively across our industry and in the wider business world," said Rijkman Groenink, Chairman of the Managing Board of ABN AMRO. The WEC believes that the broad adoption of the Equator Principles will have a global impact on sustainable development. "The Equator Principles define precisely how financial institutions should contribute to sustainable development; through assessing projects on social and environmental criteria in order to lend responsibly" said Gold Medal Jury Chairman Dr. Joel Abrams, Professor Emeritus of the University of Pittsburgh. About the Gold Medal for International Corporate Achievement in Sustainable DevelopmentThe World Environment Center 'Gold Medal for International Corporate Achievement in Sustainable Development' was established in 1985 to recognize pre-eminent industry leadership initiatives and contributions to worldwide environmental quality and sustainable development. The WEC Gold Medal is awarded annually by an independent Jury comprised of international experts from academia, government, industry and non-governmental organizations.About the World Environment CenterThe World Environment Center (WEC) is an independent, not-for-profit, non-advocacy organization. Working with the private sector, international organizations, non-governmental organizations and academia, the WEC promotes sustainable development by encouraging leadership, improving health and safety practices worldwide, and fostering the efficient use of natural resources to protect the global environment. The WEC supports its mission through three central programs: the International Environment Forum (IEF); the WEC Gold Medal Award; and Capacity Building for the Environment programs.
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