Sustainability Conference in Seoul

10 December 2011 - Prizma Blog

Prizma’s Bill Kennedy was recently invited to participate at the 6th Sustainability Management Conference in Seoul, Korea.  The focus of the event, sponsored by the Korean Standards Association and the Ministry of Knowledge Economy, was an examination of the IFC Performance Standards, the Equator Principles and OECD’s Guidelines for Multinational Enterprises and the way in which companies and banks have been responding to them.  Read More.

Non-compliance with equator principles: Constraint to obtaining finance for energy projects

8 December 2011 - Business Day Online, Ayodele Oni

The Equator Principles represent a credit risk management framework for determining, assessing and managing environmental and social risk for transactions requiring Project Finance. Project finance on the other hand, is a means of funding in which the lender or financier looks primarily to the revenues generated a project, as opposed to the balance sheet, both as the source of repayment and as security for the exposure. Project Finance, plays an important role in financing energy projects and infrastructural development throughout the world. This financing method, is usually for large, complex and expensive installations, infrastructure and structures and would include, for example, power plants, chemical processing plants, mines, transportation infrastructure such as trains and telecommunications infrastructure. Read More.

Putting some bite into the Equator Principles

29 November 2011 - Project Finance Magazine

There has been persistent scepticism about the Equator Principles’ ability to encourage best practice at participating banks. But evidence from the mining industry is that they are changing sponsor behaviour. By Christopher Langdon and Claudia O’Brien, partners, Latham & Watkins. Since 2003, Equator Principles financial institutions, most of them major banks, have provided about 85% of the world’s project finance capacity. These institutions provide financing only to projects that comply with the Equator Principles, a voluntary set of guidelines designed to ensure large projects are financed in socially and environmentally responsible ways. Read More.

More Articles...

  1. Chinese carbon market has 'potential'
  2. Equator Principles begins drafting third iteration
  3. Belo Monte Dam Does Not Meet Equator Principles, Say Rights Groups
  4. Time to open up Equator Principles – BankTrack
  5. Time to Improve the Equator Principles, BankTrack Says
  6. BankTrack to Equator Principles banks; ‘get the Outside Job done’
  7. Karak oil international gets official approval to commence its work
  8. Bridging the great infrastructure funding gap
  10. Sub-Saharan Africa - Sustainable investment on the rise
  11. NGOs welcome reforms to IFC sustainability policies
  12. Big victories for indigenous peoples and transparency advocates
  13. A Sustainability Framework for International Finance
  14. Green banks’ report card
  15. Equator banks to update project finance standards by March 2012
  16. Will the Equator Principles soon apply to corporate loans?
  17. Equator Principles: Signatories consider a wider use of rules
  18. Nominees on the Bank of the Year shortlist
  19. Interview: IFC’s Lars Thunell on standards and expansion
  20. Without uniform, reliable rules, CSR reports will be read with a grain of salt
  21. FPIC – a Tool for Preventing and Managing Corporate Community Tensions
  22. Equator Principles need toughening up – report
  23. ‘Green' risks in project financing
  24. Land in Africa remains an emotive issue
  25. Solidaridad releases report, “Benchmark Study of Environmental and Social Standards in Industrialised Precious Metals Mining”
  26. Banking on Sustainable Business Practices
  27. Equator Principles: Do they make business sense?