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 83 Equator Principles Financial Institutions (EPFIs) in 36 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
Tokyo, 1 January 2016
Sumitomo Mitsui Trust Bank, Limited (President: Hitoshi Tsunekage; hereinafter “SuMi TRUST Bank”), which is a subsidiary of Sumitomo Mitsui Trust Holdings, Inc. (President: Kunitaro Kitamura; hereinafter “SuMi TRUST Holdings”), today announces that it has become a signatory to the “Equator Principles”, which is the international framework for environmental and social risk management involved in project financing.
SuMi TRUST Group considers that the effect on the environment and society exerted by its investments and loans to customers is the most important issue affecting both the corporate value of the group as well as its influence on society.
Large-scale development projects can greatly affect the natural environment and local communities. SuMi TRUST Bank is aware of the indirect burden it may place on them through project financing. As a sound financial institution, it is an important duty to avoid or reduce the risk of causing the value of a loan claim to drop in case a project is interrupted owing to environmental or social problems.
In its project finance decision process, SuMi TRUST Bank must confirm that a project takes fully into consideration the environment and society. The adoption of the Equator Principles is part of the group’s risk management framework to monitor the environmental and social impact of a project after it has started.
EP ASSOCIATION NEWS
Johannesburg, 1 June 2015
Standard Bank has been appointed the new chair of the Equator Principles Association for 2015/16, making it the first African Bank to be elected to this position.
The appointment, which takes effect on the 1st June 2015, comes at a critical juncture in the integration of environmental and social considerations within business as a component of responsible investing.
“We look forward to working with all Equator Principles Financial Institutions to ensure we remain focused on lending responsibly, enhance business opportunities and supporting the way in which we conduct our business with our customers across emerging and established markets,” says Mr Nigel Beck, Executive & Head of Environmental and Social Advisory within Investment Banking, Standard Bank. Read More
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
Translate Using GoogleTranslate >