The Equator Principles to embrace climate change considerations

13 November 2012 - Lexology, Jones Day, Chris Papanicolaou and James Campbell

The Equator Principles, "a credit risk management framework for determining, assessing and managing environmental and social risk" in project finance deals, arose from a 2002 meeting in London among nine international banks and the International Finance Corporation of the World Bank.  Equator Principles Financial Institutions ("EPFI") voluntarily agree not to provide "project related loans and project finance advisory services to projects where the borrower will not, or is unable to comply with, the Equator Principles." Read More.