Equator Principles III approved

17 May 2013 - Lexology, Fasken Martineau DuMoulin LLP, Claudia Feldkamp, Kevin O’Callaghan

On May 14, 2013, the Equator Principles Association announced the adoption of Equator Principles III (“EP III”), the latest, and most robust, iteration of influential international norms for minimizing the negative environmental and social impacts of resource and infrastructure projects on local communities and environments. The adoption of EP III follows a lengthy consultation process that included a wide array of international CSR stakeholders and will formally take effect on June 4, 2013. Once in place, EP III will apply to all new infrastructure and resource projects financed by institutions that adhere to the Equator Principles (as well as expansions or upgrades of existing projects that create new significant environmental and social risks and impacts or change the nature or degree of an existing impact as originally assessed under EP II). Read More.