The EP Association is currently undertaking a targeted review of the Equator Principles, working towards version four of the Equator Principles – ‘EP4’. The review was initially announced in late 2017, and it is anticipated that it will be completed by the end of 2019.
The review focusses on four key thematic areas: Social impact and human rights, Climate change, Designated Countries and Applicable Standards, and Scope of applicability of the EPs.
The draft of EP4 is now available to the public for review and feedback (click on buttons below) and consultation with external stakeholders is underway.
The EPA will take feedback into account before a final version is voted on by all EPFIs. Once agreed, EP4 would be implemented by all EPFIs following an initial transition period.
The EPA is making progress though each of the planned review phases outlined below. It is still intended that Phase V be completed by the end of 2019.
- Phase I – Organization and set-up for EP4 review process COMPLETED
- Phase II – Focused EP Association group work and internal discussion on key topics and thematic areas, including Initial Stakeholder Consultation COMPLETED
- Phase III – Agreement with the EP Association membership and initial drafting of the EP4 targeted update COMPLETED
- Phase IV – Second round of stakeholder consultation (on the EP4 draft) NOW UNDERWAY
- Phase V – Finalisation and launch of EP4
The first round of stakeholder consultation was undertaken on behalf of the Association by ERM in 2018. This comprised a series of interviews with key stakeholders as well as some survey and online feedback. The results of this consultation can be found here.
The second round of external consultation will take place over July/August 2019. This will be conducted by BSR and comprise a series of face-to-face meetings as well as webinars to gather feedback on the detail of the draft text.
Feedback on the draft text can also be provided by clicking on the ‘Submit Feedback’ button on this page.
For ongoing news items on the EP4 process, as well as EPA news generally, please check the news page on the EP Association website. You can also use the ‘Subscribe to News Alerts’ button on this page to ensure that any EP4 updates are emailed directly to you.