Are Equator Principles Still Relevant after Rio+20 and UN PRI?

17 June 2012 - Prizma, Mehrdad Nazari

The 2003 launch of the Equator Principles signaled a virtuous spiral for environmental and social risk management in project finance. In light of Rio+20 and emergence of the UN-backed Principles for Responsible Investment are the EPs still relevant? A couple of recent blog entries in The Guardian’s Rio+20: the Earth Summit diaries about the financial sector and Achim Steiner, head of the United Nations Environment Program (UNEP), caught my eyes. They made me reflect on my experience working with multilateral financial institutions, project finance banks, export credit agencies - typically ‘Equator Banks’ - and my involvement in risky capital developments in emerging markets. Read More.