Equator Principles get an overhaul

22 August 2012 - Corporate Register

A new draft of the Equator Principles on ethical project finance has been released for consultation. The draft will be the third version of the principles, which were launched in 2003 and are regarded as a living document by the Equator Principles Association, which is their custodian.  Read More.

Revised Draft Equator Principles (EP III) Released For Stakeholder Consultation And Public Comment

21 August 2012 - Mayer Brown, Paul Forrester

On August 13, 2012, following the recent conclusion of a strategic review launched in October 2010, the Equator Principles Association (EPA) released the latest draft of the Equator Principle ... Read More.

Third Time Lucky for the Equator Principles?

17 August 2012 - Project Finance

Six years after its last update, a third update of the Equator Principles (EP) has been released for Stakeholder Consultation.  Member institutions began discussions on the proposed changes to the principles in July last year, with the aim of broadening their impact and improving disclosures under the voluntary project finance code. Read More.

Developers must opt for low carbon to win institutional funding

14 August 2012 - Link2, David Thorpe

Borrowers seeking loans from institutional investors must scope low carbon-emitting alternatives to potential projects before they can receive funding, in a major revision of principal investment guidelines. The guidelines in question are the Equator Principles, which are used by 77 institutional investors as a way of gauging the environmental and social implications of projects seeking backing. They already apply to project finance advisory services and project financing over $10m; and it is proposed that they are extended to cover project-related corporate loans and bridge loans.  ... Other proposed changes are new requirements related to managing the impacts of projects on climate change, and an increased emphasis on the consideration of human rights in due diligence. This includes taking into account the UN "Protect, Respect and Remedy" Framework for Business and Human Rights and Guiding Principles on Business and Human Rights.  Read More.

Equator Principles group unveil new green investment guidelines

14 August 2012 - Business Green, James Murray

Financial institutions around the world are this week being invited to consider a proposed update to the Equator Principles, the popular set of due diligence guidelines designed to help banks and institutional investors identify, assess, and manage environmental and social risks associated with project finance deals.  Read More.

Proposed revisions to the Equator Principles focus on human rights

14 August 2012 - CO3, Tim Purcell

Following the conduct of a strategic review the Equator Principles Association, which is the body tasked with maintaining and developing the framework, has this week published a draft version of “EP3″ (a proposed third version of the Equator Principles) to facilitate a sixty day consultation period.  Read More.

Updated Equator Principles released for public comment

13 August 2012 - GLOBE-Net

The Equator Principles (EP) Association has released the draft of the updated Equator Principles (EP III) for stakeholder consultation and public comment. The EP is a risk framework for identifying, assessing, and managing environmental and social risks in Project Finance transactions and has been adopted by 77 financial institutions worldwide. Read More.

Equator Principles group unveil new green investment guidelines

13 August 2012 - Carbon Credits Trading

Fiscal establishments about the world are this week getting invited to consider a proposed update to the Equator Rules, the popular established of due diligence guidelines developed to help banks and institutional buyers detect, analyse, and deal with environmental and social hazards related with venture finance deals.  The Ideas have been at first introduced in June 2003 and have been subsequently endorsed by 77 economic institutions in 32 international locations, which includes global giants this kind of as ABN Amro, Banco Santander, Lender of The usa, Barclays, Citigroup, HSBC, and JP Morgan Chase. Read More.

The Equator Principles (EP III) draft released

13 August 2012 - Finance Green Watch

The Equator Principles (EP) Association released the draft of the updated Equator Principles (EP III) on 13 August 2012 for stakeholder consultation and public comment. The consultation period will continue until Friday 12 October 2012. Key themes and areas of development proposed in the EP III draft include: An extension in the scope of the EP to Project-Related Corporate Loans and Bridge Loans; Changes reflecting the recent update of the International Finance Corporation (IFC) Performance Standards; New requirements related to managing impacts on climate; Greater emphasis on human rights considerations in due diligence and an acknowledgment of the UN “Protect, Respect and Remedy” Framework for Business and Human Rights and Guiding Principles on Business and Human Rights; A strengthening of reporting and transparency requirements. Read More.

SRI and finance - Equator Principles are updated to expand their scope and depth

13 August 2012 - Ethical Insight: Issue 194, Maplecroft

On 13 August 2012, the Equator Principles Association published a draft of the updated Equator Principles (EP III) for stakeholder and public comment. The Equator Principles are a set of non-binding of standards which help companies determine, assess, and manage environmental risk in project finance transactions greater than US$10m. Since their initial release in June 2003, the initiative has received the backing of over 70 financial institutions in 32 countries. The third iteration of the Equator Principles is significant as it demonstrates that the organisation is committed to strengthening reporting requirements and improving disclosure. Read More.