The Equator Principles (EP III) draft released

13 August 2012 - Finance Green Watch

The Equator Principles (EP) Association released the draft of the updated Equator Principles (EP III) on 13 August 2012 for stakeholder consultation and public comment. The consultation period will continue until Friday 12 October 2012. Key themes and areas of development proposed in the EP III draft include: An extension in the scope of the EP to Project-Related Corporate Loans and Bridge Loans; Changes reflecting the recent update of the International Finance Corporation (IFC) Performance Standards; New requirements related to managing impacts on climate; Greater emphasis on human rights considerations in due diligence and an acknowledgment of the UN “Protect, Respect and Remedy” Framework for Business and Human Rights and Guiding Principles on Business and Human Rights; A strengthening of reporting and transparency requirements. Read More.