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THE EQUATOR PRINCIPLES
The Equator Principles is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects. It is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making. Currently 91 Equator Principles Financial Institutions (EPFIs) in 37 countries have officially adopted the EP, covering over 70 percent of international Project Finance debt in emerging markets. EPFIs commit to implementing the EP in their internal environmental and social policies, procedures and standards for financing projects and will..... Read More
ABOUT THE EP ASSOCIATION
The Equator Principles Association is the unincorporated association of member Equator Principles Financial Institutions (EPFIs) whose object is the management, administration and development of the Equator Principles. The Equator Principles Association was formed on 1 July 2010 and it is governed by a set of Governance Rules which provide guidance to existing and prospective EPFIs on the processes for the management, administration and development of the Equator Principles. The EP Association Steering Committee co-ordinates the administration, management and development of the EPs on behalf of the member EPFIs. Read More |
NEW ADOPTERS
Stockholm, 21 June 2017 The Swedish Export Credit Corporation (SEK) announced its adoption of the Equator Principles, a globally recognised benchmark for determining, assessing and managing environmental and social risk in bank financed projects. To date, 90 financial institutions in 37 countries have signed up to the Equator Principles. As an export credit institution, SEK already applies sustainability risk assessments in accordance with the OECD frameworks and other relevant international frameworks for projects and export credits. Read more.
Tokyo, 01 May 2017 The Norinchukin Bank, one of Japan's largest financial institutions serving agricultural, fishery, and forestry cooperatives, announced its adoption of the Equator Principles, a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risks in projects. The Norinchukin Bank becomes the 90th member of the Equator Principles Association.
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EP ASSOCIATION NEWS
18 May 2017 Statement from the EP Association Steering Committee The Equator Principles (EPs) aim to be a global benchmark, providing a framework for due diligence to support responsible risk decision-making on environmental and social issues in financing projects. Certain transactions have highlighted the challenges in the differentiated approach between Designated and non-Designated countries in the Equator Principles, an issue that was considered extensively during the EPIII update process, but one that remains challenging. We are strengthened by engaging with the views of our members, and are listening and responding to their concerns raised around the distinction between Designated and non-Designated countries. A working group is forming to ensure that the views of members operating in vastly different legislative contexts, with widely varied project portfolios, are taken into account when reviewing these options. This working group will inform ongoing Steering Committee discussions on options, which will be presented at our upcoming Annual General Meeting. The Steering Committee welcomes leadership and participation by all of its members in examining and enacting the best way forward. - The Equator Principles Association Steering Committee 
16 June 2017 The Equator Principles (EP) III is now available in a ninth language - Korean The Equator Principles Association is pleased to announce that the Equator Principles (EP) III is now available in Korean. This version complements the collection of translations including French, Spanish, Italian, Chinese, Portuguese, Russian and Japanese, all available here. Including the original English, EPIII is now available in 9 languages. |
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