KfW IPEX-Bank adopts Equator Principles

Frankfurt am Main (ots) - KfW IPEX-Bank adopted the Equator
Principles as of 1 March 2008, committing itself to the
globally-recognised benchmark for the financial industry to manage
social and environmental issues.

The Equator Principles, a framework plan for managing social and
environmental risks, classify the social and environmental impacts of
projects as either high, medium or low. For high or medium risk
projects an environmental and social impact assessment must be
prepared.

"As a leading export and project finance institution and as a 100%
subsidiary of KfW Bankengruppe we are aware of our particular social
responsibility from which we draw consequences for sustained action",
said Heinrich Heims, Speaker of the Board of Managing Directors of
KfW IPEX-Bank GmbH. In the year 2000 KfW introduced a guideline
demanding consideration of environmental and social impacts of the
projects it (co-)finances in international project and export
finance. It is also committed to the environmental and social
standards of the IFC (World Bank Group).

Compliance with the Equator Principles is not a new challenge for
the bank. Its environmental and social guidelines are already in
conformity with the Equator Principles and some parts are even more
stringent because it generally does not limit these principles to
project financings. "Adopting the Equator Principles is one more
logical step in our commitment to the principles of sustainable
ecological and social development", said Heims.

About KfW IPEX-Bank GmbH

Within KfW Bankengruppe KfW IPEX-Bank provides project and
corporate finance and offers trade and export finance in Germany and
abroad. Worldwide it conducts all market activities of KfW
Bankengruppe that are carried out on commercial terms. Since 1
January 2008 it has been operating as a legally independent
subsidiary. It has currently a staff of around 450.

Originaltext: KfW-IPEX-Bank
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Contact:
KfW IPEX-Bank GmbH, Palmengartenstraße 5-9, 60325 Frankfurt
Pressestelle: E-Mail: dela.strumpf@kfw.de
Tel. 069 7431-2984, Fax: 069 7431-9409, E-Mail:
info@kfw-ipex-bank.de, Internet: www.kfw-ipex-bank.de


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