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 81 Equator Principles Financial Institutions (EPFIs) in 36 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.
The EP Association Steering Committee co-ordinates the administration, management and development of the EPs on behalf of the member EPFIs. Read More
Abu Dhabi, 20 September 2015
National Bank of Abu Dhabi (NBAD) has adopted the Equator Principles (EP), an internationally-recognised benchmark in the financial industry for identifying, assessing and managing environmental and social risk in bank financed projects.
NBAD is the first bank in the UAE to sign up to EP, a voluntary set of guidelines based on International Finance Corporation (IFC) standards on social and environmental sustainability, and on the World Bank Group's Environmental, Health and Safety general guidelines.
Nathan Weatherstone, NBAD’s Head of Renewable Energy, said:
“The adoption of the Equator Principles resonates with the bank’s core values and demonstrates the bank's leadership on environmentally and socially responsible lending practices. This is part of a wider initiative at NBAD to focus on the renewable energy sector with the objective of creating value for our core clients and in so doing, building a profitable venture which addresses their needs and interests.”
Belinda Scott, NBAD’s Head of Citizenship and Corporate Sustainability said:
“Sustainability, environment and social responsibility are issues that we embrace following our commitment to be a responsible bank. NBAD has always had a robust approach to environmental risk management. Adopting the Equator Principles will crystallise our evaluation of environmental and social issues in a more systematic manner that is consistent with international best practice.” Read More
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
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