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.
Ryosuke Ueda, Head of Sustainable Development Department, Mizuho Bank and Chair of the Equator Principles Association Steering Committee commented,
“With the introduction of new requirements and the expansion of scope to Project-Related Corporate Loans and Bridge Loans, the Equator Principles Association wanted to provide further support to both Equator Principles Financial Institutions (EPFIs) and external stakeholders on understanding the Equator Principles. Whilst every financing is unique and the document cannot cover every scenario, it is hoped that the publication of the document will help clarify, and provide insight on, some of the key aspects of the Equator Principles. The Equator Principles Association is committed to building capacity internally and externally and as such the document will continue to be developed over time to reflect the experience of EPFIs, clients and stakeholders, and in response to other changes affecting implementation (e.g. regulatory developments, technological advances).”
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). The document does not intend to establish new principles or requirements, and as every project is different (i.e. in nature, scale, risks and impacts) and each EPFI makes implementation decisions based on its institution’s policy, practice and procedures, its content may not be relevant/applicable in every case. If an EPFI or stakeholder has any doubt about an Equator Principles requirement, it should always refer to relevant principle in the Equator Principles (dated June 2013).
It should be noted that the information and examples are provided without guarantee of any kind, either express or implied, including, without limitation, guarantees as to fitness for a specific purpose, non-infringement, accuracy or completeness. The Equator Principles Association shall not be liable under any circumstances for how or for what purpose users apply the information, and users maintain sole responsibility and risk for its use. No rights can be derived from this publication.
The Equator Principles Association welcomes feedback and input on the document, therefore please send your comments or questions to the Equator Principles Association Secretariat at secretariat[at]equator-principles[dot]com
Further useful Guidance Notes can be found on the Best Practice and Resources page