Equator banks to update project finance standards by March 2012

19 July 2011 - Environmental Finance News

A new version of the voluntary Equator Principles, which set environmental and social standards for project finance, is to be published in March 2012. The Equator Principles Association, which governs the application of the principles by 72 banks and financial institutions, said yesterday it is beginning internal discussions on a range of possible changes. Subjects up for discussion include: the scope of the principles, reporting and transparency, governance issues including membership criteria, and stakeholder engagement during the update process. Read More.