Shawn D. Miller – In Memoriam
21 November 2014
It is with great sadness that we share the news of the recent death of Shawn D. Miller, Managing Director & Global Head of Environmental and Social Risk Management at Citigroup. We are deeply saddened by the loss of one of our colleagues, an Equator Principles pioneer and friend to many.
Shawn had a deep commitment to the Equator Principles. He was a driving force in developing and promoting the Equator Principles, encouraging financial institutions to join the initiative, and ensuring the views of the members were heard and considered. He was instrumental in the development of the second and third iterations of the Equator Principles (II and III) and provided exceptional leadership when he represented Citigroup as Chair of the Equator Principles Association Steering Committee from 2010-2012. His achievements and contributions have, and will continue to have, an immeasurable impact on the Equator Principles Association.
His work inspired and influenced many in the banking community, an ardent advocate for environmental responsibility and human rights. Determined to play his part in making the finance sector more sustainable, he worked tirelessly and closely with colleagues, peers, clients and communities.
He was a true leader in his field, highly respected by his peers and all who worked with him. Passionate and principled, and at the same time pragmatic and thoughtful in his approach to his work, Shawn was the consummate professional, who had a palpable energy, positivity and warmth.
Many of us will also remember him for the friendship he offered. He was always willing to support others, share his knowledge, and provide guidance and advice. His contribution and positive spirit will remain with us in memoriam.
Our thoughts and heartfelt condolences go to his family and close colleagues.
The Equator Principles Association Hosts 2014 Annual Meeting And Equator Principles Workshop In Cape Town
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.
Following the success of the 2013 Workshop, Equator Principles Financial Institutions (EPFIs) met on the 29 October 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.
NEW - Publication of the Equator Principles (June 2013) Implementation Note
21 July 2014
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 JLIB_HTML_CLOAKING
Further useful Guidance Notes can be found on the Best Practice and Resources page
- Mizuho will Assume the Chair of the Equator Principles Association
- UPDATED - Guidance for EPFIs on Incorporating Environmental and Social Considerations into Loan Documentation
- NEW - Guidance for Consultants on the Contents of a Report for an Independent Environmental & Social Due Diligence Review
- Launch of the Cross Sector Biodiversity Initiative Timeline Tool
- New Year, New Principles - Transition Period Ends and EP III Mandatory for New Transactions as of 1 January 2014