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.

Press Release: Draft of Updated Equator Principles (EP III) Released for Stakeholder Consultation and Public Comment

13 August 2012

The Equator Principles (EP) Association today releases 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...

It Pays to Go Green

26 June 2012 - Business Line, Sunil K. Sinha

Sustainable business is not a mere slogan. It can make or break a brand.  The Rio Earth Summit or Rio+20 represents another milestone in an ongoing global effort to achieve sustainable development goals. The challenges emanating from population growth, high natural resource consumption, rising pollution and climate change can derail, or render India’s growth process unsustainable. Read More.

Important Update on the Progress and Timeline of the EP III Update Process

The EP Association is continuing internal discussions with its members on the first draft of EP III and as a result the overall timeline for the EP III Update process has been extended.

Please see below a summary of the new timeline*:

  • EP Association consultation period and initial drafting of the EP III (September 2011 - July 2012).
  • Formal  60 day (minimum) Stakeholder Consultation and Public Comment Process (July - September 2012).
  • Finalisation and launch of the EP III framework (September - December 2012).

*The timeline might be subject to further extension if deemed necessary.

The EP Association would like re-emphasise that it is committed to carrying out a robust and consultative process therefore appreciates the patience of stakeholders and look forwards sharing the first draft of EP III with stakeholders in the coming months.

The EP Association will aim to be open and transparent during the EP III Update process, and we welcome feedback and comments from any interested party on both process and substance. If you have not already joined the EP Association mailing list you can register your interest here.

Green movement well-rooted 20 years after Earth Summit

19 June 2012 - Edmonton Journal

As many as 50,000 people and more than 100 heads of state have gathered in Rio de Janeiro to mark two anniversaries: the 40th anniversary of the first international meeting on environment, held in Stockholm in 1972, and the 20th anniversary of the United Nations Earth Summit on sustainable development, held in June 1992.  The current event, known as Rio+20, highlights areas of progress - from reducing some key air pollutants in Canada and other industrialized countries to drastically curbing the global use of ozone-destroying chemicals. But it also underscores a long list of environmental conditions that show mounting deterioration, from problems affecting the planet's oceans to biodiversity loss and climate change. Read More.