The Equator Principles (EP) Association launched its first ever Strategy at its Annual General Meeting in October 2020. This high-level statement sets out the direction of travel for the EP Association over the next few years and demonstrates the collective willingness of the EP Association to continually improve.
Endorsed by the EP Association membership, the Strategy will guide the program of work and enable members and wider stakeholders to have a clear understanding of where the EP Association is headed and, as such, where it will focus its attention and resources. It is aspirational and ambitious and, most importantly, will be supported each year by tangible actions.
We, the Equator Principles Financial Institutions, believe that the financial sector has a critical role and responsibility in tackling the environmental and social challenges facing the world today. We have adopted the Equator Principles to have a positive impact on the projects we finance.
Our ambition is for the Equator Principles Association to grow and evolve such that one day all projects globally are financed sustainably under this framework.
As the world around us changes we recognise we must keep pace. We will actively strengthen our network through partnerships and collaborations, as well as expanding our membership and encouraging participation from all stakeholders that support the financial services ecosystem.
Our community is open and diverse.
We recognise that the principles can only be truly effective when they are consistently and robustly applied. Continuous training and development are key to maintaining standards and we will provide tools, materials and support to our members. We will enhance our reporting and disclosure requirements and strengthen our governance and accountability processes.
We must continue to work collaboratively and dynamically to manage impacts to climate, people and biodiversity.
Our vision is clear: The Equator Principles must be the authoritative environmental and social risk management framework across the financial services industry.
“I’m delighted to be announcing the EP Association’s first ever Strategy. Agreed and supported by our diverse and growing membership, it sets out the path the Association will take over the next few years. By working towards common goals, by increasing transparency, and by supporting our members with the tools and resources they need, I’m confident the EP Association will go from strength to strength and deliver on its Strategy.”
Amit Puri, EP Association Chair, and Global Head of Environmental and Social Risk Management, Standard Chartered