THE EQUATOR PRINCIPLES
The Equator Principles is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects.
It is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making.
Currently 80 Equator Principles Financial Institutions (EPFIs) in 35 countries have officially adopted the EPs, covering over 70 percent of international Project Finance debt in emerging markets.
EPFIs commit to implementing the EP in their internal environmental and social policies, procedures and standards for financing projects and will..... Read More
ABOUT THE EP ASSOCIATION
The Equator Principles Association is the unincorporated association of member Equator Principles Financial Institutions (EPFIs) whose object is the management, administration and development of the Equator Principles.
The Equator Principles Association was formed on 1 July 2010 and it is governed by a set of Governance Rules which provide guidance to existing and prospective EPFIs on the processes for the management, administration and development of the Equator Principles.
The EP Association Steering Committee co-ordinates the administration, management and development of the EPs on behalf of the member EPFIs. Read More
Taipei, 23 March 2015
Cathay United Bank (CUB) becomes the first Taiwanese bank to join the Equator Principles Association.
CUB is a wholly owned subsidiary of Cathay Financial Holding Company (Cathay FHC), the largest financial holding company in Taiwan. By adopting the Principles, CUB has declared its commitment to the assessment and management of social and environmental risks and impacts in its credit process.
“’Sustainability’ is a widely discussed topic among corporations and is also a commitment that a company makes in its pursuit of corporate social responsibility (CSR). The underlying connotation of corporate sustainability encourages corporations to embrace environmental, social, and governance issues as a strategic tool to modify corporate management system and operation model while seeking profits,” stated by Tsu-Pei Chen, Chairman of CUB.
Being an EP signatory not only reinforces CUB’s corporate commitment to sustainability and environmental protection, but also helps CUB integrate long established environmental and social risk evaluation system. In 2015, Taiwanese regulators started requiring financial institutions to publish their CSR report annually, however Cathay FHC has been publishing its non-financial information since it founded its CSR committee 4 years ago. Cathay FHC will continue to systematically integrate and develop its sustainable finance policy with its subsidiaries.
After CUB joins the EP Association, 80 Equator Principles Financial Institutions (EPFIs) will have officially adopted the EP, covering over 70 percent of international Project Finance debt in emerging markets. Read More
EP ASSOCIATION NEWS
Johannesburg, 1 June 2015
Standard Bank has been appointed the new chair of the Equator Principles Association for 2015/16, making it the first African Bank to be elected to this position.
The appointment, which takes effect on the 1st June 2015, comes at a critical juncture in the integration of environmental and social considerations within business as a component of responsible investing.
“We look forward to working with all Equator Principles Financial Institutions to ensure we remain focused on lending responsibly, enhance business opportunities and supporting the way in which we conduct our business with our customers across emerging and established markets,” says Mr Nigel Beck, Executive & Head of Environmental and Social Advisory within Investment Banking, Standard Bank. Read More
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.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). Read More
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