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 and is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making.
Currently 80 Equator Principles Financial Institutions (EPFIs) in 35 countries have officially adopted the EPs, 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. Read More
Taipei, 23 March 2015 - Cathay United Bank (CUB) becomes the first Taiwanese bank to join the Equator Principles Association. CUB is a wholly owned subsidiary of Cathay Financial Holding Company (Cathay FHC), the largest financial holding company in Taiwan. By adopting the Principles, CUB has declared its commitment to the assessment and management of social and environmental risks and impacts in its credit process.
“’Sustainability’ is a widely discussed topic among corporations and is also a commitment that a company makes in its pursuit of corporate social responsibility (CSR). The underlying connotation of corporate sustainability encourages corporations to embrace environmental, social, and governance issues as a strategic tool to modify corporate management system and operation model while seeking profits,” stated by Tsu-Pei Chen, Chairman of CUB.
Being an Equator Principles signatory not only reinforces CUB’s corporate commitment to sustainability and environmental protection, but also helps CUB integrate long established environmental and social risk evaluation system. In 2015, Taiwanese regulators started requiring financial institutions to publish their CSR report annually, however Cathay FHC has been publishing its non-financial information since it founded its CSR committee 4 years ago. Cathay FHC will continue to systematically integrate and develop its sustainable finance policy with its subsidiaries. Read More
BEST PRACTICE & RESOURCES
The Equator Principles Association is pleased to share a new document ‘Equator Principles (June 2013) Implementation Note’ with external stakeholders and other interested parties. The document, written by EPFIs, contains selected information and examples to support the understanding of the requirements in, and implementation of, the Equator Principles. The document comprises a series of modules containing information to support the implementation of the requirements contained in the Equator Principles on scope, climate change (Principle 2 and Annex A of the Equator Principles) and reporting (Principle 5, 10 and Annex B of the Equator Principles). Read More
EP ASSOCIATION NEWS
28 & 29 October 2014 - Nearly 70 individuals, representing 43 financial institutions, attended the 2014 Equator Principles (EP) Association Annual Meeting and Workshop on 28 and 29 October 2014 in Cape Town. The meeting was a unique opportunity for the EP Association to engage financial institutions in Africa and underlined its commitment to discussing environmental and social risk management in a regional context.
During the 2013 Workshop, Equator Principles Financial Institutions (EPFIs) met to discuss the implementation of EP (including Project-Related Corporate Loans, the use of Action Pans, GHG reporting, alternative analysis), topics related to project affected communities, EPFI reporting requirements, and other pertinent environmental and social matters.
Translate Using GoogleTranslate >