Equator Principles Financial Institutions recognise the importance of transparency with regard to the implementation of the Equator Principles (EPs).

On adoption each Equator Principles Financial Institution commits (via Principle 10) to report at least annually about its EP implementation processes and experience, taking into account appropriate confidentiality considerations.

The reporting should at a minimum include the number of transactions screened by each Equator Principles Financial Institution, including the categorisation accorded to transactions (and may include a breakdown by sector or region), and information regarding implementation.

There is a one year grace period for new adopters and the guidance suggests that and Equator Principles Financial Institutions could consider reporting only on their EP implementation efforts after the first year. It would be expected that an institution be at an advanced stage of implementation after this 1 year grace period.

A newly adopting institution would benefit from best practice and support from the EP Association members however it would need to allocate adequate resources to implementation to satisfy Principle #10.

By the 2nd year of implementation full reporting on number of transactions screened/reviewed and a discussion of EP implementation efforts is required.

There is a best practice guidance note on EP reporting “Guidance to EPFIs on Equator Principles Implementation Reporting” to assist new adopters. Note that the document has been prepared for use by the EP Association. The document is not to be viewed as a required reporting framework, but rather a guidance document to assist Equator Principles Financial Institutions in development of their own EP implementation and reporting methodologies, if needed.