Update on the Equator Principles Strategic Review Process

03 December 2010

The Equator Principles Strategic Review Meeting was held in Beijing, China on December 1 - 2, 2010. The purpose of the meeting was to frame a strategic vision and plan for the Equator Principles to ensure that it continues to be the "gold standard" for financial institutions to manage environmental and social risk.

The meeting, hosted by Citi China, presented an opportunity for Equator Principles Financial Institutions (EPFIs) to examine the vision for the Equator Principles going forward. It was attended by 31 participants (including Steering Committee members and EPFIs representing each region). The Strategic Review consultants presented views gathered through surveys and direct conversations with industry, civil society, and other key stakeholders such as the IFC and other agencies. Numerous issues were debated including the ‘beyond project finance’ issue, transparency and disclosure, consistency in Equator Principles application, and other Association-related governance topics. We also had the benefit of guest-speakers, including a senior representative of China's Ministry of Environmental Protection.

The Strategic Review recommendations will be outlined in a report prepared by the Strategic Review consultant on behalf of the Association. A summary of the Report's findings will be made publicly available in the first quarter of 2011, which will inform the update of the Equator Principles next year.