Potential extension in scope of the Equator Principles

14 November 2012 - Lexology, Stephenson Harwood, Andrew Wiseman and Anita Kasseean

The Equator Principles are a set of voluntary social and environmental guidelines by which approximately 77 banks and other financial institutions (known as the Equator Principles Financial Institutions (EPFIs)) have agreed to be bound in making project finance decisions. EPFIs can refuse to provide loans to projects where the borrower is unable or unwilling to comply with their social and environmental policies and procedures. On 13 August 2012 the Equator Principles Association released a draft of the third version of the Equator Principles (EP3) for stakeholder consultation and public comment. The consultation period closed on 12 October 2012. Read More.