Thank You
Thank you very much for getting in contact.
- If your submission requires a reply we will get back to you within 48 hours.
- If you have joined our mailing list, we look forward to sending you our latest news.
If you have any further comments or would like to send us a more detailed email please contact the EP Secretariat:
Samantha Hoskins
Administrator, Equator Principles Secretariat
The Equator Principles Association
Tel: +44 1621 853 900
Fax: +44 1621 731 483
Email:
JLIB_HTML_CLOAKING
Thank You
Thank you very much for getting in contact.
- If your submission requires a reply we will get back to you within 48 hours.
- If you have joined our mailing list, we look forward to sending you our latest news.
If you have any further comments or would like to send us a more detailed email please contact the EP Secretariat:
Samantha Hoskins
Administrator, Equator Principles Secretariat
The Equator Principles Association
Tel: +44 1621 853 900
Fax: +44 1621 731 483
Email:
JLIB_HTML_CLOAKING
Thank You
Thank you very much for getting in contact.
- If your submission requires a reply we will get back to you within 48 hours.
- If you have joined our mailing list, we look forward to sending you our latest news.
If you have any further comments or would like to send us a more detailed email please contact the EP Secretariat:
Samantha Hoskins
Administrator, Equator Principles Secretariat
The Equator Principles Association
Tel: +44 1621 853 900
Fax: +44 1621 731 483
Email:
JLIB_HTML_CLOAKING
Contact The Equator Principles Secretariat
Contact The Equator Principles Secretariat
Contact The Equator Principles Secretariat
Legal Information & Disclaimer
The Equator Principles Association (the Association) is the unincorporated association of Equator Principles Financial Institutions (EPFI) and Associates whose object is the management, administration and development of the Equator Principles (EPs). The Association was formed on the 1 July 2010 and resides with the Administrator of the EP Secretariat in the United Kingdom:
Samantha Hoskins
Administrator, Equator Principles Secretariat
The Equator Principles Association
Telephone: +44 1621 853 900
Fax: +44 1621 731 483
Email:
JLIB_HTML_CLOAKING
or
JLIB_HTML_CLOAKING
An unincorporated association is a voluntary association or union of a group of individuals who enter into an agreement as volunteers to form a body (organization) to accomplish a purpose. Members of the Association have a contractual rather than statutory relationship. The EPFIs have adopted Governance Rules for managing the Association.
An unincorporated association is not recognised at law as a legal body. An unincorporated association has no legal rights at law because it is not perceived as a separate entity, unlike a limited company. It has no existence or personality separate from its individual members.
Because it has no legal identity of its own and in legal terms is only a collection of individuals, an unincorporated association cannot:
- Start a legal action;
- Borrow money;
- Enter into contracts in its own name;
- Hold property.
The Association has appointed BNP Paribas (EPFI) as Corporate Trustee to act on behalf of the EPFIs and Associates with regards to managing the Association’s assets and liabilities. This includes owning the Association’s physical or intellectual property rights, being responsible for the Association bank account, tax liability and contracts with external parties.
Disclaimer
All information contained on the The Equator Principles website is provided without guarantee of any kind, either express or implied, including, without limitation, guarantees as to fitness for a specific purpose, non-infringement, accuracy or completeness of any materials published therein.
Under no circumstances shall The Equator Principles Association or its members be liable for any direct or consequential loss, personal injury, property damage, or expense of whatever nature incurred or suffered by a user that is claimed to have resulted from the use of The Equator Principles website or other outputs.
The Equator Principles Association shall not be liable under any circumstances for how or for what purpose users apply the information obtained from the Equator Principles Association website. The user maintains sole responsibility and risk for use of The Equator Principles Association website and outputs.
Legal Information & Disclaimer
The Equator Principles Association (the Association) is the unincorporated association of Equator Principles Financial Institutions (EPFI) and Associates whose object is the management, administration and development of the Equator Principles (EPs). The Association was formed on the 1 July 2010 and resides with the Administrator of the EP Secretariat in the United Kingdom:
Samantha Hoskins
Administrator, Equator Principles Secretariat
The Equator Principles Association
Telephone: +44 1621 853 900
Fax: +44 1621 731 483
Email:
JLIB_HTML_CLOAKING
or
JLIB_HTML_CLOAKING
An unincorporated association is a voluntary association or union of a group of individuals who enter into an agreement as volunteers to form a body (organization) to accomplish a purpose. Members of the Association have a contractual rather than statutory relationship. The EPFIs have adopted Governance Rules for managing the Association.
An unincorporated association is not recognised at law as a legal body. An unincorporated association has no legal rights at law because it is not perceived as a separate entity, unlike a limited company. It has no existence or personality separate from its individual members.
Because it has no legal identity of its own and in legal terms is only a collection of individuals, an unincorporated association cannot:
- Start a legal action;
- Borrow money;
- Enter into contracts in its own name;
- Hold property.
The Association has appointed BNP Paribas (EPFI) as Corporate Trustee to act on behalf of the EPFIs and Associates with regards to managing the Association’s assets and liabilities. This includes owning the Association’s physical or intellectual property rights, being responsible for the Association bank account, tax liability and contracts with external parties.
Disclaimer
All information contained on the The Equator Principles website is provided without guarantee of any kind, either express or implied, including, without limitation, guarantees as to fitness for a specific purpose, non-infringement, accuracy or completeness of any materials published therein.
Under no circumstances shall The Equator Principles Association or its members be liable for any direct or consequential loss, personal injury, property damage, or expense of whatever nature incurred or suffered by a user that is claimed to have resulted from the use of The Equator Principles website or other outputs.
The Equator Principles Association shall not be liable under any circumstances for how or for what purpose users apply the information obtained from the Equator Principles Association website. The user maintains sole responsibility and risk for use of The Equator Principles Association website and outputs.
Legal Information & Disclaimer
The Equator Principles Association (the Association) is the unincorporated association of Equator Principles Financial Institutions (EPFI) and Associates whose object is the management, administration and development of the Equator Principles (EPs). The Association was formed on the 1 July 2010 and resides with the Administrator of the EP Secretariat in the United Kingdom:
Samantha Hoskins
Administrator, Equator Principles Secretariat
The Equator Principles Association
Telephone: +44 1621 853 900
Fax: +44 1621 731 483
Email:
JLIB_HTML_CLOAKING
or
JLIB_HTML_CLOAKING
An unincorporated association is a voluntary association or union of a group of individuals who enter into an agreement as volunteers to form a body (organization) to accomplish a purpose. Members of the Association have a contractual rather than statutory relationship. The EPFIs have adopted Governance Rules for managing the Association.
An unincorporated association is not recognised at law as a legal body. An unincorporated association has no legal rights at law because it is not perceived as a separate entity, unlike a limited company. It has no existence or personality separate from its individual members.
Because it has no legal identity of its own and in legal terms is only a collection of individuals, an unincorporated association cannot:
- Start a legal action;
- Borrow money;
- Enter into contracts in its own name;
- Hold property.
The Association has appointed BNP Paribas (EPFI) as Corporate Trustee to act on behalf of the EPFIs and Associates with regards to managing the Association’s assets and liabilities. This includes owning the Association’s physical or intellectual property rights, being responsible for the Association bank account, tax liability and contracts with external parties.
Disclaimer
All information contained on the The Equator Principles website is provided without guarantee of any kind, either express or implied, including, without limitation, guarantees as to fitness for a specific purpose, non-infringement, accuracy or completeness of any materials published therein.
Under no circumstances shall The Equator Principles Association or its members be liable for any direct or consequential loss, personal injury, property damage, or expense of whatever nature incurred or suffered by a user that is claimed to have resulted from the use of The Equator Principles website or other outputs.
The Equator Principles Association shall not be liable under any circumstances for how or for what purpose users apply the information obtained from the Equator Principles Association website. The user maintains sole responsibility and risk for use of The Equator Principles Association website and outputs.
The Equator Principles Secretariat
The Equator Principles (EP) Association Secretariat manages the day to day running of the EP Association and provides a wide variety of services to the EP Association members, Steering Committee and Chair. These include:
- being the first point of contact for all internal and external enquiries,
- managing internal and external communications including the EP website, press and general updates,
- providing advice and assistance with regards to adoption,
- managing the financial administration relating to the running of EP Association.
The EP Association Secretariat consists of two individuals based in the UK and you can contact them as follows:
Samantha Hoskins and Joanna Clark
Administrators, EP Association Secretariat, EP Association
Tel: +44 1621 853 900
Fax: +44 1621 731 483
Email:
JLIB_HTML_CLOAKING
The Equator Principles Secretariat
The Equator Principles (EP) Association Secretariat manages the day to day running of the EP Association and provides a wide variety of services to the EP Association members, Steering Committee and Chair. These include:
- being the first point of contact for all internal and external enquiries,
- managing internal and external communications including the EP website, press and general updates,
- providing advice and assistance with regards to adoption,
- managing the financial administration relating to the running of EP Association.
The EP Association Secretariat consists of two individuals based in the UK and you can contact them as follows:
Samantha Hoskins and Joanna Clark
Administrators, EP Association Secretariat, EP Association
Tel: +44 1621 853 900
Fax: +44 1621 731 483
Email:
JLIB_HTML_CLOAKING
The Equator Principles Secretariat
The Equator Principles (EP) Association Secretariat manages the day to day running of the EP Association and provides a wide variety of services to the EP Association members, Steering Committee and Chair. These include:
- being the first point of contact for all internal and external enquiries,
- managing internal and external communications including the EP website, press and general updates,
- providing advice and assistance with regards to adoption,
- managing the financial administration relating to the running of EP Association.
The EP Association Secretariat consists of two individuals based in the UK and you can contact them as follows:
Samantha Hoskins and Joanna Clark
Administrators, EP Association Secretariat, EP Association
Tel: +44 1621 853 900
Fax: +44 1621 731 483
Email:
JLIB_HTML_CLOAKING
The Equator Principles
Download the official version of the Equator Principles in English.
The EPs are also available in:
- 简体中文
- Français
- 日本語
- русский
- Português
- Español Exhibit III has not been updated in this document - please refer to this version of Exhibit III
Important Note
The International Finance Corporation has updated its Sustainability Framework, which includes the Performance Standards, and will be applying the revised standards from 1 January 2012. Consistent with the current Equator Principles (EP) framework, the EP Association Steering Committee has agreed that the newly revised IFC Performance Standards will also take effect for EP Association Members on 1 January 2012. Accordingly Exhibit III of the EPs (which previously referred to the 2006 IFC Performance Standards) was updated on 1 January 2012 to reflect their implementation by EP Association members under the current EP framework.
The EP Association Steering Committee wishes to ensure that EP Association members, clients and stakeholders can transition smoothly and consistently to the revised IFC Performance Standards and provides simple guidance below on how this can be achieved:
- The existing EPs (specifically Exhibit III) will refer to the revised IFC Performance Standards from 1 January 2012.
- The revised IFC Performance Standards should be applied (as per the EPs) to all new and current project finance transactions when the borrower has commissioned an Environmental and Social Impact Assessment (ESIA) on or after 1 January 2012.
- The old IFC Performance Standards can be applied to current project finance transactions when the borrower has commissioned an ESIA before 1 January 2012 on the proviso that it is completed by 30 June 2012.
- All new transactions after 30 June 2012 should apply the revised IFC Performance Standards.
The EP Association Steering Committee accepts that in certain situations there might be legal constraints that prevent this guidance from being strictly applied. Each EP Association member should endeavour to make all necessary efforts to ensure this guidance is incorporated into their institution's review of transactions according to their own risk management frameworks and engagement with clients.
If you have any questions about the revised IFC Performance Standards or the guidance given above, please contact the JLIB_HTML_CLOAKING .
Related Content:
The Equator Principles
Download the official version of the Equator Principles in English.
The EPs are also available in:
- 简体中文
- Français
- 日本語
- русский
- Português
- Español Exhibit III has not been updated in this document - please refer to this version of Exhibit III
Important Note
The International Finance Corporation has updated its Sustainability Framework, which includes the Performance Standards, and will be applying the revised standards from 1 January 2012. Consistent with the current Equator Principles (EP) framework, the EP Association Steering Committee has agreed that the newly revised IFC Performance Standards will also take effect for EP Association Members on 1 January 2012. Accordingly Exhibit III of the EPs (which previously referred to the 2006 IFC Performance Standards) was updated on 1 January 2012 to reflect their implementation by EP Association members under the current EP framework.
The EP Association Steering Committee wishes to ensure that EP Association members, clients and stakeholders can transition smoothly and consistently to the revised IFC Performance Standards and provides simple guidance below on how this can be achieved:
- The existing EPs (specifically Exhibit III) will refer to the revised IFC Performance Standards from 1 January 2012.
- The revised IFC Performance Standards should be applied (as per the EPs) to all new and current project finance transactions when the borrower has commissioned an Environmental and Social Impact Assessment (ESIA) on or after 1 January 2012.
- The old IFC Performance Standards can be applied to current project finance transactions when the borrower has commissioned an ESIA before 1 January 2012 on the proviso that it is completed by 30 June 2012.
- All new transactions after 30 June 2012 should apply the revised IFC Performance Standards.
The EP Association Steering Committee accepts that in certain situations there might be legal constraints that prevent this guidance from being strictly applied. Each EP Association member should endeavour to make all necessary efforts to ensure this guidance is incorporated into their institution's review of transactions according to their own risk management frameworks and engagement with clients.
If you have any questions about the revised IFC Performance Standards or the guidance given above, please contact the JLIB_HTML_CLOAKING .
Related Content:
The Equator Principles
Download the official version of the Equator Principles in English.
The EPs are also available in:
- 简体中文
- Français
- 日本語
- русский
- Português
- Español Exhibit III has not been updated in this document - please refer to this version of Exhibit III
Important Note
The International Finance Corporation has updated its Sustainability Framework, which includes the Performance Standards, and will be applying the revised standards from 1 January 2012. Consistent with the current Equator Principles (EP) framework, the EP Association Steering Committee has agreed that the newly revised IFC Performance Standards will also take effect for EP Association Members on 1 January 2012. Accordingly Exhibit III of the EPs (which previously referred to the 2006 IFC Performance Standards) was updated on 1 January 2012 to reflect their implementation by EP Association members under the current EP framework.
The EP Association Steering Committee wishes to ensure that EP Association members, clients and stakeholders can transition smoothly and consistently to the revised IFC Performance Standards and provides simple guidance below on how this can be achieved:
- The existing EPs (specifically Exhibit III) will refer to the revised IFC Performance Standards from 1 January 2012.
- The revised IFC Performance Standards should be applied (as per the EPs) to all new and current project finance transactions when the borrower has commissioned an Environmental and Social Impact Assessment (ESIA) on or after 1 January 2012.
- The old IFC Performance Standards can be applied to current project finance transactions when the borrower has commissioned an ESIA before 1 January 2012 on the proviso that it is completed by 30 June 2012.
- All new transactions after 30 June 2012 should apply the revised IFC Performance Standards.
The EP Association Steering Committee accepts that in certain situations there might be legal constraints that prevent this guidance from being strictly applied. Each EP Association member should endeavour to make all necessary efforts to ensure this guidance is incorporated into their institution's review of transactions according to their own risk management frameworks and engagement with clients.
If you have any questions about the revised IFC Performance Standards or the guidance given above, please contact the JLIB_HTML_CLOAKING .
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ABOUT THE EQUATOR PRINCIPLES
The Equator Principles is a credit risk management framework for determining, assessing and managing environmental and social risk in project finance transactions. Read More
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ABOUT THE EQUATOR PRINCIPLES
The Equator Principles is a credit risk management framework for determining, assessing and managing environmental and social risk in project finance transactions. Read More
|
ADOPTION NEWS
Madrid, 20 May 2013 - Banco Popular has joined the Equator Principles. With the adoption of these principles, the Bank has taken another step in its Corporate Responsibility strategy ....... Read More
|
EP ASSOCIATION NEWS
14 May 2013 - Equator Principles (EP) Association Members have given overwhelming support to EP III - the third and most robust version of the EP to date. ....... Read More
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|||
Translate Using GoogleTranslate >
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ABOUT THE EQUATOR PRINCIPLES
The Equator Principles is a credit risk management framework for determining, assessing and managing environmental and social risk in project finance transactions. Read More
|
ADOPTION NEWS
Madrid, 20 May 2013 - Banco Popular has joined the Equator Principles. With the adoption of these principles, the Bank has taken another step in its Corporate Responsibility strategy ....... Read More
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14 May 2013 - Equator Principles (EP) Association Members have given overwhelming support to EP III - the third and most robust version of the EP to date. ....... Read More
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Translate Using GoogleTranslate >
About The Equator Principles
The Equator Principles (EPs) is a credit risk management framework for determining, assessing and managing environmental and social risk in Project Finance transactions. Project Finance is often used to fund the development and construction of major infrastructure and industrial projects.
The EPs are adopted by financial institutions and are applied where total project capital costs exceed US$10 million. The EPs are primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making.
The EPs are based on the International Finance Corporation Performance Standards on social and environmental sustainability and on the World Bank Group Environmental, Health, and Safety Guidelines (EHS Guidelines).
Equator Principles Financial Institutions (EPFIs) commit to not providing loans to projects where the borrower will not or is unable to comply with their respective social and environmental policies and procedures.
In addition, while the EPs are not intended to be applied retroactively, EPFIs apply them to all Project Finance transactions covering expansion or upgrade of an existing facility where changes in scale or scope may create significant environmental and/or social impacts, or significantly change the nature or degree of an existing impact.
The EPs have become the industry standard for environmental and social risk management and financial institutions, clients/project sponsors, other financial institutions, and even some industry bodies refer to the EPs as good practice.
Currently 79 adopting financial institutions (77 EPFIs and 2 Associates) in 32 countries have officially adopted the EPs, covering over 70 percent of international Project Finance debt in emerging markets.
The EPs have greatly increased the attention and focus on social/community standards and responsibility, including robust standards for indigenous peoples, labour standards, and consultation with locally affected communities within the Project Finance market. They have also promoted convergence around common environmental and social standards. Multilateral development banks, including the European Bank for Reconstruction & Development , and export credit agencies through the OECD Common Approaches are increasingly drawing on the same standards as the EPs.
The EPs have also helped spur the development of other responsible environmental and social management practices in the financial sector and banking industry (for example, Carbon Principles in the US, Climate Principles worldwide) and have provided a platform for engagement with a broad range of interested stakeholders, including non-governmental organisations (NGOs), clients and industry bodies.
Downloads:
Related Content:
- The Equator Principles & Official Translations
- History of the Equator Principles
- The Equator Principles Association - Governance & Management
- The Equator Principles Working Groups
- The Equator Principles Secretariat
- The Equator Principles Strategic Review
- About Adoption
- Members & Reporting
- Frequently Asked Questions
About The Equator Principles
The Equator Principles (EPs) is a credit risk management framework for determining, assessing and managing environmental and social risk in Project Finance transactions. Project Finance is often used to fund the development and construction of major infrastructure and industrial projects.
The EPs are adopted by financial institutions and are applied where total project capital costs exceed US$10 million. The EPs are primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making.
The EPs are based on the International Finance Corporation Performance Standards on social and environmental sustainability and on the World Bank Group Environmental, Health, and Safety Guidelines (EHS Guidelines).
Equator Principles Financial Institutions (EPFIs) commit to not providing loans to projects where the borrower will not or is unable to comply with their respective social and environmental policies and procedures.
In addition, while the EPs are not intended to be applied retroactively, EPFIs apply them to all Project Finance transactions covering expansion or upgrade of an existing facility where changes in scale or scope may create significant environmental and/or social impacts, or significantly change the nature or degree of an existing impact.
The EPs have become the industry standard for environmental and social risk management and financial institutions, clients/project sponsors, other financial institutions, and even some industry bodies refer to the EPs as good practice.
Currently 79 adopting financial institutions (77 EPFIs and 2 Associates) in 32 countries have officially adopted the EPs, covering over 70 percent of international Project Finance debt in emerging markets.
The EPs have greatly increased the attention and focus on social/community standards and responsibility, including robust standards for indigenous peoples, labour standards, and consultation with locally affected communities within the Project Finance market. They have also promoted convergence around common environmental and social standards. Multilateral development banks, including the European Bank for Reconstruction & Development , and export credit agencies through the OECD Common Approaches are increasingly drawing on the same standards as the EPs.
The EPs have also helped spur the development of other responsible environmental and social management practices in the financial sector and banking industry (for example, Carbon Principles in the US, Climate Principles worldwide) and have provided a platform for engagement with a broad range of interested stakeholders, including non-governmental organisations (NGOs), clients and industry bodies.
Downloads:
Related Content:
- The Equator Principles & Official Translations
- History of the Equator Principles
- The Equator Principles Association - Governance & Management
- The Equator Principles Working Groups
- The Equator Principles Secretariat
- The Equator Principles Strategic Review
- About Adoption
- Members & Reporting
- Frequently Asked Questions
About The Equator Principles
The Equator Principles (EPs) is a credit risk management framework for determining, assessing and managing environmental and social risk in Project Finance transactions. Project Finance is often used to fund the development and construction of major infrastructure and industrial projects.
The EPs are adopted by financial institutions and are applied where total project capital costs exceed US$10 million. The EPs are primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making.
The EPs are based on the International Finance Corporation Performance Standards on social and environmental sustainability and on the World Bank Group Environmental, Health, and Safety Guidelines (EHS Guidelines).
Equator Principles Financial Institutions (EPFIs) commit to not providing loans to projects where the borrower will not or is unable to comply with their respective social and environmental policies and procedures.
In addition, while the EPs are not intended to be applied retroactively, EPFIs apply them to all Project Finance transactions covering expansion or upgrade of an existing facility where changes in scale or scope may create significant environmental and/or social impacts, or significantly change the nature or degree of an existing impact.
The EPs have become the industry standard for environmental and social risk management and financial institutions, clients/project sponsors, other financial institutions, and even some industry bodies refer to the EPs as good practice.
Currently 79 adopting financial institutions (77 EPFIs and 2 Associates) in 32 countries have officially adopted the EPs, covering over 70 percent of international Project Finance debt in emerging markets.
The EPs have greatly increased the attention and focus on social/community standards and responsibility, including robust standards for indigenous peoples, labour standards, and consultation with locally affected communities within the Project Finance market. They have also promoted convergence around common environmental and social standards. Multilateral development banks, including the European Bank for Reconstruction & Development , and export credit agencies through the OECD Common Approaches are increasingly drawing on the same standards as the EPs.
The EPs have also helped spur the development of other responsible environmental and social management practices in the financial sector and banking industry (for example, Carbon Principles in the US, Climate Principles worldwide) and have provided a platform for engagement with a broad range of interested stakeholders, including non-governmental organisations (NGOs), clients and industry bodies.
Downloads:
Related Content:
- The Equator Principles & Official Translations
- History of the Equator Principles
- The Equator Principles Association - Governance & Management
- The Equator Principles Working Groups
- The Equator Principles Secretariat
- The Equator Principles Strategic Review
- About Adoption
- Members & Reporting
- Frequently Asked Questions
History of the Equator Principles

For a number of years, banks working in the Project Finance sector had been seeking ways to assess and manage the environmental and social risks associated with such investment activities.
In October 2002, nine international banks convened in London, together with the International Finance Corporation, to discuss these issues. Four of the banks present – ABN Amro, Barclays, Citi and WestLB – acknowledging the general consensus amongst those present, volunteered jointly to develop a banking industry framework for addressing environmental and social risks in project financing that could be applied globally and across all industry sectors.
At the time, the banks soon concluded that the best, most commonly known and widely tested environmental and social policy framework in the finance sector were those established and used by the International Finance Corporation in emerging markets. These standards included International Finance Corporation ’s Environmental and Social Safeguard Policies, Pollution Prevention and Abatement Guidelines (these have evolved into what is currently known as the Performance Standards) and risk categorization screening criteria.
Launch of the Equator Principles
The EPs were launched in Washington D.C. on 4 June 2003 and were initially adopted by ten global financial institutions: ABN AMRO Bank, N.V., Barclays plc, Citi, Crédit Lyonnais, Credit Suisse First Boston, HVB Group, Rabobank Group, The Royal Bank of Scotland, WestLB AG, and Westpac Banking Corporation. Subsequently there were over forty further EP adoptions during the first three year implementation period. See also: What is the origin of the name “Equator Principles?
Equator Principles Update 2006 – EP II
In the autumn of 2004, the International Finance Corporation announced its intention to update its Environmental and Social Safeguard Policies.
During the public consultation process that accompanied the revision process, the Equator Principles Financial Institutions (EPFIs) participated in a number of consultation meetings with the International Finance Corporation and ultimately an extension of the public consultation period was made in order to receive and fully consider all comments from stakeholders.
Parallel to the International Finance Corporation’s public consultation process, EPFIs engaged with a wide range of stakeholders directly, including NGOs, civil society, clients and industry associations, to listen and learn from their perspectives on the International Finance Corporation's proposed changes. These engagements encompassed in part:
- a number of meetings and conference calls with a wide-selection of EPFI clients in various sectors and regions, and industry associations.
- bi-lateral meetings/conference calls (and a meeting in London) with 25 NGOs interested in the EPs.
- an EPFI meeting held with environmental practitioners from Export Credit Agencies.
The revised EPs incorporated a number of significant and important changes such as a lowering of the dollar threshold from US$ 50 million to US$ 10 million, the inclusion of Project Finance Advisory Services in the EP scope, and the inclusion of stronger and better social standards as outlined in the International Finance Corporation Performance Standards (including enhanced consultation and covenanting requirements, labour standards and project-level grievance mechanisms). The revised EPs also led to increased transparency by requiring each EPFI to report publicly
New Equator Principles Association and Governance Rules
In July 2010, the EP Association was instituted to ensure the long-term viability and ease of management of the member EPFIs and Associates.
Equator Principles Strategic Review (October 2010 – May 2011)
In September 2009, the International Finance Corporation launched a review process[1] of their Policy and Performance Standards on Social and Environmental Sustainability (on which the EPs are based) and Policy on Disclosure of Information (sustainability framework).
Subsequently in October 2010 the EP Association launched a Strategic Review process to produce a multi-year strategic vision to ensure the EPs continue to be viewed as the “gold standard” in environmental and social risk management for Project Finance within the financial sector.
The EP Strategic Review had the following aims:
- take stock of the current state of the EPs and develop a better understanding of the challenges and successes to-date,
- identify perceived areas of strength and weakness in the current EP framework through engagement with EPFIs and other stakeholders including clients and industry, civil society, and financial sector peers,
- identify recommended action points that will lead to the successful implementation of the vision/plan, and
- prepare for an update of the EPs following the conclusion of the International Finance Corporation Performance Standards Review and Update process.
In May 2011 the EP Association publicly released the Executive Summary and Appendix of the Strategic Review consultant report and an associated EP Association Summary Response.
Equator Principles Update 2011 – EP III
Following the conclusion of the International Finance Corporation Performance Standards Update and Review process and the EP Strategic Review process, the EP Association launched the EP III Update process in July 2011 and initiated internal discussions on key thematic areas including:
- Scope of the EPs.
- Reporting and transparency.
- Governance issues, including membership criteria.
- Stakeholder engagement during the EP III Update process (including industry and clients, peer financial institutions, and civil society organisations).
The EP Association has set provisional dates (summarised below) for the planned activities, consultation and public comment process however these may be subject to revision or extension at any time.
- Phase I – Focused EP Association group work and internal discussion on key topics and thematic areas indentified in the Strategic Review (July – September 2011).
- Phase II – Consultation period with the EP Association members, preliminary scoping discussions with key stakeholders and initial drafting of the EP III framework (September 2011 – July 2012).
- Phase III - Launch of the formal 60 day Stakeholder Consultation and Public Comment Process (July - September 2012). Note: the EP Association will be providing a more detailed timeline for this at a later date.
- Phase IV - Finalisation and launch of the EP III framework (September - December 2012)
It is important to note that the EP Association will be engaging with stakeholders during every phase of the process via the Stakeholder Engagement Working Groups and commits to making the EP III draft public (when available) for a minimum period of 60 days for review and comment. The EP Association will aim to be open and transparent during the EP III Update process, and welcomes feedback and comments from any interested party on both process and substance.
Timeline of Key Events
|
October 2002 |
London meeting convened with the International Finance Corporation to discuss environmental and social risk issues in Project Finance. |
| 4 June 2003 |
Launch of first EPs in Washington,DC and adoption by the first ten financial institutions. |
| October 2003 |
Mizuho (Japan), first Asian financial institution, adopts the EPs. |
| May 2004 |
EKF (The Netherlands), first export credit agency, adopts the EPs. |
| 4 June, 2004 |
First anniversary of EPs - The EPs extends to 25 adopting financial institutions located in 14 countries. |
| June 2004 |
Unibanco, the first emerging market and South American financial institution, adopt the EPs. |
| November 2005 |
Nedbank (South Africa), the first African bank, adopts the EPs. |
| Sept 2004 - Feb 2006 |
EPFIs participate in the International Finance Corporation’s Environmental and Social Safeguard Policy Update process. EPFIs consult with NGOs,civil society, clients and industry associations on the International Finance Corporation's proposed changes. |
| February 2006 |
The International Finance Corporation’s Board approves new environmental and social Performance Standards with an effective date of 30 April 2006. |
| Feb – Jun 2006 |
EPFIs conduct an engagement and review process with NGOs, civil society, export credit agencies, industry associations and clients on the revision of the EPs (EP II) which incorporates the changes in the International Finance Corporation's Performance Standards. |
| 6 July, 2006 |
Launch of EP II in London - 40 institutions re-adopt the EPs thereby underscoring global application of environmental and social risk management. |
| April 2007 |
The International Finance Corporation updates its Environmental Health and Safety Guidelines, which EPFIs incorporate into the EPs. |
| December 2007 |
EPFIs publish details of their informal management structure (the original EP Steering Committee), working groups and the paper “Guidance to EPFIs on Equator Principles Implementation Reporting” on the EP website. |
| April 2008 |
The EP Secretariat is established. |
| May 2008 |
EPFIs celebrate the 5th anniversary of the EPs in Washington, DC. |
| September 2008 |
Itau-Unibanco S/A, a Brazilian financial institution and one of the largest emerging markets banks in the world, is announced as the new EP Steering Committee Chair. |
| October 2008 |
Industrial Bank, the first domestic Chinese financial institution, adopts the EPs. |
| August 2009 |
EPFIs publish the paper "Guidance to EPFIs on Incorporating Environmental and Social Considerations into Loan Documentation" on the EP website. |
| October 2009 |
EPFIs participate in the International Finance Corporation’s Sustainability Policy and Performance Standards review and update process. |
| February 2010 |
Standard Bank (South Africa), is announced as the first African institution to sit on the EP Steering Committee. |
| March 2010 |
Citi is announced as the new EP Steering Committee Chair. |
| July 2010 |
Formal establishment of the EP Association and launch of the EP Association Governance Rules. |
| October 2010 |
The EP Association announces the commencement of the EP Strategic Review. |
| May 2011 |
The EP Association releases a Summary Response to the Strategic Review consultant's report of findings and recommendations. The EP Association launches new website and logo. The International Finance Corporation’s Board approves the updated Sustainability Policy and Performance Standards with an effective date of 1 January 2012. |
| July 2011 | The EP Association announces the commencement of the EP III Update process. |
| 1 January 2012 |
The newly revised International Finance Corporation Performance Standards become effective. EP Association members apply newly revised Performance Standards – the EP Association Steering Committee issue guidance on implementation. |
| March 2012 |
First two Mexican financial institutions (CI Banco and Banorte) adopt the Equator Principles. |
| 1 May 2012 |
ING is announced as the new EP Association Steering Committee Chair.
|
_______________________________
[1]The International Finance Corporation Review and Update process completed in August 2011 and the updated framework was officially launched on 1 January 2012 – http://www.ifc.org/ifcext/policyreview.nsf/Content/2012-Edition.
Downloads:
Related Content:
- About The Equator Principles
- The Equator Principles & Official Translations
- The Equator Principles Association - Governance & Management
- The Equator Principles Working Groups
- The Equator Principles Secretariat
- The Equator Principles Strategic Review
- About Adoption
- Members & Reporting
- Frequently Asked Questions
History of the Equator Principles

For a number of years, banks working in the Project Finance sector had been seeking ways to assess and manage the environmental and social risks associated with such investment activities.
In October 2002, nine international banks convened in London, together with the International Finance Corporation, to discuss these issues. Four of the banks present – ABN Amro, Barclays, Citi and WestLB – acknowledging the general consensus amongst those present, volunteered jointly to develop a banking industry framework for addressing environmental and social risks in project financing that could be applied globally and across all industry sectors.
At the time, the banks soon concluded that the best, most commonly known and widely tested environmental and social policy framework in the finance sector were those established and used by the International Finance Corporation in emerging markets. These standards included International Finance Corporation ’s Environmental and Social Safeguard Policies, Pollution Prevention and Abatement Guidelines (these have evolved into what is currently known as the Performance Standards) and risk categorization screening criteria.
Launch of the Equator Principles
The EPs were launched in Washington D.C. on 4 June 2003 and were initially adopted by ten global financial institutions: ABN AMRO Bank, N.V., Barclays plc, Citi, Crédit Lyonnais, Credit Suisse First Boston, HVB Group, Rabobank Group, The Royal Bank of Scotland, WestLB AG, and Westpac Banking Corporation. Subsequently there were over forty further EP adoptions during the first three year implementation period. See also: What is the origin of the name “Equator Principles?
Equator Principles Update 2006 – EP II
In the autumn of 2004, the International Finance Corporation announced its intention to update its Environmental and Social Safeguard Policies.
During the public consultation process that accompanied the revision process, the Equator Principles Financial Institutions (EPFIs) participated in a number of consultation meetings with the International Finance Corporation and ultimately an extension of the public consultation period was made in order to receive and fully consider all comments from stakeholders.
Parallel to the International Finance Corporation’s public consultation process, EPFIs engaged with a wide range of stakeholders directly, including NGOs, civil society, clients and industry associations, to listen and learn from their perspectives on the International Finance Corporation's proposed changes. These engagements encompassed in part:
- a number of meetings and conference calls with a wide-selection of EPFI clients in various sectors and regions, and industry associations.
- bi-lateral meetings/conference calls (and a meeting in London) with 25 NGOs interested in the EPs.
- an EPFI meeting held with environmental practitioners from Export Credit Agencies.
The revised EPs incorporated a number of significant and important changes such as a lowering of the dollar threshold from US$ 50 million to US$ 10 million, the inclusion of Project Finance Advisory Services in the EP scope, and the inclusion of stronger and better social standards as outlined in the International Finance Corporation Performance Standards (including enhanced consultation and covenanting requirements, labour standards and project-level grievance mechanisms). The revised EPs also led to increased transparency by requiring each EPFI to report publicly
New Equator Principles Association and Governance Rules
In July 2010, the EP Association was instituted to ensure the long-term viability and ease of management of the member EPFIs and Associates.
Equator Principles Strategic Review (October 2010 – May 2011)
In September 2009, the International Finance Corporation launched a review process[1] of their Policy and Performance Standards on Social and Environmental Sustainability (on which the EPs are based) and Policy on Disclosure of Information (sustainability framework).
Subsequently in October 2010 the EP Association launched a Strategic Review process to produce a multi-year strategic vision to ensure the EPs continue to be viewed as the “gold standard” in environmental and social risk management for Project Finance within the financial sector.
The EP Strategic Review had the following aims:
- take stock of the current state of the EPs and develop a better understanding of the challenges and successes to-date,
- identify perceived areas of strength and weakness in the current EP framework through engagement with EPFIs and other stakeholders including clients and industry, civil society, and financial sector peers,
- identify recommended action points that will lead to the successful implementation of the vision/plan, and
- prepare for an update of the EPs following the conclusion of the International Finance Corporation Performance Standards Review and Update process.
In May 2011 the EP Association publicly released the Executive Summary and Appendix of the Strategic Review consultant report and an associated EP Association Summary Response.
Equator Principles Update 2011 – EP III
Following the conclusion of the International Finance Corporation Performance Standards Update and Review process and the EP Strategic Review process, the EP Association launched the EP III Update process in July 2011 and initiated internal discussions on key thematic areas including:
- Scope of the EPs.
- Reporting and transparency.
- Governance issues, including membership criteria.
- Stakeholder engagement during the EP III Update process (including industry and clients, peer financial institutions, and civil society organisations).
The EP Association has set provisional dates (summarised below) for the planned activities, consultation and public comment process however these may be subject to revision or extension at any time.
- Phase I – Focused EP Association group work and internal discussion on key topics and thematic areas indentified in the Strategic Review (July – September 2011).
- Phase II – Consultation period with the EP Association members, preliminary scoping discussions with key stakeholders and initial drafting of the EP III framework (September 2011 – July 2012).
- Phase III - Launch of the formal 60 day Stakeholder Consultation and Public Comment Process (July - September 2012). Note: the EP Association will be providing a more detailed timeline for this at a later date.
- Phase IV - Finalisation and launch of the EP III framework (September - December 2012)
It is important to note that the EP Association will be engaging with stakeholders during every phase of the process via the Stakeholder Engagement Working Groups and commits to making the EP III draft public (when available) for a minimum period of 60 days for review and comment. The EP Association will aim to be open and transparent during the EP III Update process, and welcomes feedback and comments from any interested party on both process and substance.
Timeline of Key Events
|
October 2002 |
London meeting convened with the International Finance Corporation to discuss environmental and social risk issues in Project Finance. |
| 4 June 2003 |
Launch of first EPs in Washington,DC and adoption by the first ten financial institutions. |
| October 2003 |
Mizuho (Japan), first Asian financial institution, adopts the EPs. |
| May 2004 |
EKF (The Netherlands), first export credit agency, adopts the EPs. |
| 4 June, 2004 |
First anniversary of EPs - The EPs extends to 25 adopting financial institutions located in 14 countries. |
| June 2004 |
Unibanco, the first emerging market and South American financial institution, adopt the EPs. |
| November 2005 |
Nedbank (South Africa), the first African bank, adopts the EPs. |
| Sept 2004 - Feb 2006 |
EPFIs participate in the International Finance Corporation’s Environmental and Social Safeguard Policy Update process. EPFIs consult with NGOs,civil society, clients and industry associations on the International Finance Corporation's proposed changes. |
| February 2006 |
The International Finance Corporation’s Board approves new environmental and social Performance Standards with an effective date of 30 April 2006. |
| Feb – Jun 2006 |
EPFIs conduct an engagement and review process with NGOs, civil society, export credit agencies, industry associations and clients on the revision of the EPs (EP II) which incorporates the changes in the International Finance Corporation's Performance Standards. |
| 6 July, 2006 |
Launch of EP II in London - 40 institutions re-adopt the EPs thereby underscoring global application of environmental and social risk management. |
| April 2007 |
The International Finance Corporation updates its Environmental Health and Safety Guidelines, which EPFIs incorporate into the EPs. |
| December 2007 |
EPFIs publish details of their informal management structure (the original EP Steering Committee), working groups and the paper “Guidance to EPFIs on Equator Principles Implementation Reporting” on the EP website. |
| April 2008 |
The EP Secretariat is established. |
| May 2008 |
EPFIs celebrate the 5th anniversary of the EPs in Washington, DC. |
| September 2008 |
Itau-Unibanco S/A, a Brazilian financial institution and one of the largest emerging markets banks in the world, is announced as the new EP Steering Committee Chair. |
| October 2008 |
Industrial Bank, the first domestic Chinese financial institution, adopts the EPs. |
| August 2009 |
EPFIs publish the paper "Guidance to EPFIs on Incorporating Environmental and Social Considerations into Loan Documentation" on the EP website. |
| October 2009 |
EPFIs participate in the International Finance Corporation’s Sustainability Policy and Performance Standards review and update process. |
| February 2010 |
Standard Bank (South Africa), is announced as the first African institution to sit on the EP Steering Committee. |
| March 2010 |
Citi is announced as the new EP Steering Committee Chair. |
| July 2010 |
Formal establishment of the EP Association and launch of the EP Association Governance Rules. |
| October 2010 |
The EP Association announces the commencement of the EP Strategic Review. |
| May 2011 |
The EP Association releases a Summary Response to the Strategic Review consultant's report of findings and recommendations. The EP Association launches new website and logo. The International Finance Corporation’s Board approves the updated Sustainability Policy and Performance Standards with an effective date of 1 January 2012. |
| July 2011 | The EP Association announces the commencement of the EP III Update process. |
| 1 January 2012 |
The newly revised International Finance Corporation Performance Standards become effective. EP Association members apply newly revised Performance Standards – the EP Association Steering Committee issue guidance on implementation. |
| March 2012 |
First two Mexican financial institutions (CI Banco and Banorte) adopt the Equator Principles. |
| 1 May 2012 |
ING is announced as the new EP Association Steering Committee Chair.
|
_______________________________
[1]The International Finance Corporation Review and Update process completed in August 2011 and the updated framework was officially launched on 1 January 2012 – http://www.ifc.org/ifcext/policyreview.nsf/Content/2012-Edition.
Downloads:
Related Content:
- About The Equator Principles
- The Equator Principles & Official Translations
- The Equator Principles Association - Governance & Management
- The Equator Principles Working Groups
- The Equator Principles Secretariat
- The Equator Principles Strategic Review
- About Adoption
- Members & Reporting
- Frequently Asked Questions
History of the Equator Principles

For a number of years, banks working in the Project Finance sector had been seeking ways to assess and manage the environmental and social risks associated with such investment activities.
In October 2002, nine international banks convened in London, together with the International Finance Corporation, to discuss these issues. Four of the banks present – ABN Amro, Barclays, Citi and WestLB – acknowledging the general consensus amongst those present, volunteered jointly to develop a banking industry framework for addressing environmental and social risks in project financing that could be applied globally and across all industry sectors.
At the time, the banks soon concluded that the best, most commonly known and widely tested environmental and social policy framework in the finance sector were those established and used by the International Finance Corporation in emerging markets. These standards included International Finance Corporation ’s Environmental and Social Safeguard Policies, Pollution Prevention and Abatement Guidelines (these have evolved into what is currently known as the Performance Standards) and risk categorization screening criteria.
Launch of the Equator Principles
The EPs were launched in Washington D.C. on 4 June 2003 and were initially adopted by ten global financial institutions: ABN AMRO Bank, N.V., Barclays plc, Citi, Crédit Lyonnais, Credit Suisse First Boston, HVB Group, Rabobank Group, The Royal Bank of Scotland, WestLB AG, and Westpac Banking Corporation. Subsequently there were over forty further EP adoptions during the first three year implementation period. See also: What is the origin of the name “Equator Principles?
Equator Principles Update 2006 – EP II
In the autumn of 2004, the International Finance Corporation announced its intention to update its Environmental and Social Safeguard Policies.
During the public consultation process that accompanied the revision process, the Equator Principles Financial Institutions (EPFIs) participated in a number of consultation meetings with the International Finance Corporation and ultimately an extension of the public consultation period was made in order to receive and fully consider all comments from stakeholders.
Parallel to the International Finance Corporation’s public consultation process, EPFIs engaged with a wide range of stakeholders directly, including NGOs, civil society, clients and industry associations, to listen and learn from their perspectives on the International Finance Corporation's proposed changes. These engagements encompassed in part:
- a number of meetings and conference calls with a wide-selection of EPFI clients in various sectors and regions, and industry associations.
- bi-lateral meetings/conference calls (and a meeting in London) with 25 NGOs interested in the EPs.
- an EPFI meeting held with environmental practitioners from Export Credit Agencies.
The revised EPs incorporated a number of significant and important changes such as a lowering of the dollar threshold from US$ 50 million to US$ 10 million, the inclusion of Project Finance Advisory Services in the EP scope, and the inclusion of stronger and better social standards as outlined in the International Finance Corporation Performance Standards (including enhanced consultation and covenanting requirements, labour standards and project-level grievance mechanisms). The revised EPs also led to increased transparency by requiring each EPFI to report publicly
New Equator Principles Association and Governance Rules
In July 2010, the EP Association was instituted to ensure the long-term viability and ease of management of the member EPFIs and Associates.
Equator Principles Strategic Review (October 2010 – May 2011)
In September 2009, the International Finance Corporation launched a review process[1] of their Policy and Performance Standards on Social and Environmental Sustainability (on which the EPs are based) and Policy on Disclosure of Information (sustainability framework).
Subsequently in October 2010 the EP Association launched a Strategic Review process to produce a multi-year strategic vision to ensure the EPs continue to be viewed as the “gold standard” in environmental and social risk management for Project Finance within the financial sector.
The EP Strategic Review had the following aims:
- take stock of the current state of the EPs and develop a better understanding of the challenges and successes to-date,
- identify perceived areas of strength and weakness in the current EP framework through engagement with EPFIs and other stakeholders including clients and industry, civil society, and financial sector peers,
- identify recommended action points that will lead to the successful implementation of the vision/plan, and
- prepare for an update of the EPs following the conclusion of the International Finance Corporation Performance Standards Review and Update process.
In May 2011 the EP Association publicly released the Executive Summary and Appendix of the Strategic Review consultant report and an associated EP Association Summary Response.
Equator Principles Update 2011 – EP III
Following the conclusion of the International Finance Corporation Performance Standards Update and Review process and the EP Strategic Review process, the EP Association launched the EP III Update process in July 2011 and initiated internal discussions on key thematic areas including:
- Scope of the EPs.
- Reporting and transparency.
- Governance issues, including membership criteria.
- Stakeholder engagement during the EP III Update process (including industry and clients, peer financial institutions, and civil society organisations).
The EP Association has set provisional dates (summarised below) for the planned activities, consultation and public comment process however these may be subject to revision or extension at any time.
- Phase I – Focused EP Association group work and internal discussion on key topics and thematic areas indentified in the Strategic Review (July – September 2011).
- Phase II – Consultation period with the EP Association members, preliminary scoping discussions with key stakeholders and initial drafting of the EP III framework (September 2011 – July 2012).
- Phase III - Launch of the formal 60 day Stakeholder Consultation and Public Comment Process (July - September 2012). Note: the EP Association will be providing a more detailed timeline for this at a later date.
- Phase IV - Finalisation and launch of the EP III framework (September - December 2012)
It is important to note that the EP Association will be engaging with stakeholders during every phase of the process via the Stakeholder Engagement Working Groups and commits to making the EP III draft public (when available) for a minimum period of 60 days for review and comment. The EP Association will aim to be open and transparent during the EP III Update process, and welcomes feedback and comments from any interested party on both process and substance.
Timeline of Key Events
|
October 2002 |
London meeting convened with the International Finance Corporation to discuss environmental and social risk issues in Project Finance. |
| 4 June 2003 |
Launch of first EPs in Washington,DC and adoption by the first ten financial institutions. |
| October 2003 |
Mizuho (Japan), first Asian financial institution, adopts the EPs. |
| May 2004 |
EKF (The Netherlands), first export credit agency, adopts the EPs. |
| 4 June, 2004 |
First anniversary of EPs - The EPs extends to 25 adopting financial institutions located in 14 countries. |
| June 2004 |
Unibanco, the first emerging market and South American financial institution, adopt the EPs. |
| November 2005 |
Nedbank (South Africa), the first African bank, adopts the EPs. |
| Sept 2004 - Feb 2006 |
EPFIs participate in the International Finance Corporation’s Environmental and Social Safeguard Policy Update process. EPFIs consult with NGOs,civil society, clients and industry associations on the International Finance Corporation's proposed changes. |
| February 2006 |
The International Finance Corporation’s Board approves new environmental and social Performance Standards with an effective date of 30 April 2006. |
| Feb – Jun 2006 |
EPFIs conduct an engagement and review process with NGOs, civil society, export credit agencies, industry associations and clients on the revision of the EPs (EP II) which incorporates the changes in the International Finance Corporation's Performance Standards. |
| 6 July, 2006 |
Launch of EP II in London - 40 institutions re-adopt the EPs thereby underscoring global application of environmental and social risk management. |
| April 2007 |
The International Finance Corporation updates its Environmental Health and Safety Guidelines, which EPFIs incorporate into the EPs. |
| December 2007 |
EPFIs publish details of their informal management structure (the original EP Steering Committee), working groups and the paper “Guidance to EPFIs on Equator Principles Implementation Reporting” on the EP website. |
| April 2008 |
The EP Secretariat is established. |
| May 2008 |
EPFIs celebrate the 5th anniversary of the EPs in Washington, DC. |
| September 2008 |
Itau-Unibanco S/A, a Brazilian financial institution and one of the largest emerging markets banks in the world, is announced as the new EP Steering Committee Chair. |
| October 2008 |
Industrial Bank, the first domestic Chinese financial institution, adopts the EPs. |
| August 2009 |
EPFIs publish the paper "Guidance to EPFIs on Incorporating Environmental and Social Considerations into Loan Documentation" on the EP website. |
| October 2009 |
EPFIs participate in the International Finance Corporation’s Sustainability Policy and Performance Standards review and update process. |
| February 2010 |
Standard Bank (South Africa), is announced as the first African institution to sit on the EP Steering Committee. |
| March 2010 |
Citi is announced as the new EP Steering Committee Chair. |
| July 2010 |
Formal establishment of the EP Association and launch of the EP Association Governance Rules. |
| October 2010 |
The EP Association announces the commencement of the EP Strategic Review. |
| May 2011 |
The EP Association releases a Summary Response to the Strategic Review consultant's report of findings and recommendations. The EP Association launches new website and logo. The International Finance Corporation’s Board approves the updated Sustainability Policy and Performance Standards with an effective date of 1 January 2012. |
| July 2011 | The EP Association announces the commencement of the EP III Update process. |
| 1 January 2012 |
The newly revised International Finance Corporation Performance Standards become effective. EP Association members apply newly revised Performance Standards – the EP Association Steering Committee issue guidance on implementation. |
| March 2012 |
First two Mexican financial institutions (CI Banco and Banorte) adopt the Equator Principles. |
| 1 May 2012 |
ING is announced as the new EP Association Steering Committee Chair.
|
_______________________________
[1]The International Finance Corporation Review and Update process completed in August 2011 and the updated framework was officially launched on 1 January 2012 – http://www.ifc.org/ifcext/policyreview.nsf/Content/2012-Edition.
Downloads:
Related Content:
- About The Equator Principles
- The Equator Principles & Official Translations
- The Equator Principles Association - Governance & Management
- The Equator Principles Working Groups
- The Equator Principles Secretariat
- The Equator Principles Strategic Review
- About Adoption
- Members & Reporting
- Frequently Asked Questions
The Equator Principles Association - Governance & Management
The Equator Principles (EP) Association is the unincorporated association of member Equator Principles Financial Institutions and Associates whose object is the management, administration and development of the EPs. The EP Association was formed on 1 July 2010 and was instituted to ensure long-term viability and ease of management of the member EPFIs and Associates.
The EP Association is governed by a set of Governance Rules which provide guidance to existing and prospective Equator Principles Financial Institutions and Associates on the processes for the management, administration and development of the EPs.

The EP Association Steering Committee co-ordinates the administration, management and development of the EPs on behalf of the member Equator Principles Financial Institutions and Associates.
There are 14 members of the EP Association Steering Committee:
- Barclays plc
- Banco Bilbao Vizcaya Argentaria, S.A.
- BNP Paribas
- Credit Agricole Corporate & Investment Bank
- Credit Suisse
- Citigroup
- Export Development Canada
- ING (Steering Committee Chair)
- Itau Unibanco S/A
- Mizuho
- Standard Bank Group
- Bank of Tokyo-Mitsubishi UFJ (BTMU)
- The Royal Bank of Scotland
- UniCredit Bank AG
The role of the Chair of the EP Association Steering Committee (currently ING) is to provide co-ordination across the Steering Committee, the Working Groups and the member institutions. The EP Association Governance Rules detail the scope of the roles of the EP Association Steering Committee and Chair and how representatives are nominated and appointed.
Downloads:
Related Content:
- About The Equator Principles
- The Equator Principles & Official Translations
- History of the Equator Principles
- The Equator Principles Working Groups
- The Equator Principles Secretariat
- The Equator Principles Strategic Review
- About Adoption
- Members & Reporting
- Frequently Asked Questions
The Equator Principles Association - Governance & Management
The Equator Principles (EP) Association is the unincorporated association of member Equator Principles Financial Institutions and Associates whose object is the management, administration and development of the EPs. The EP Association was formed on 1 July 2010 and was instituted to ensure long-term viability and ease of management of the member EPFIs and Associates.
The EP Association is governed by a set of Governance Rules which provide guidance to existing and prospective Equator Principles Financial Institutions and Associates on the processes for the management, administration and development of the EPs.

The EP Association Steering Committee co-ordinates the administration, management and development of the EPs on behalf of the member Equator Principles Financial Institutions and Associates.
There are 14 members of the EP Association Steering Committee:
- Barclays plc
- Banco Bilbao Vizcaya Argentaria, S.A.
- BNP Paribas
- Credit Agricole Corporate & Investment Bank
- Credit Suisse
- Citigroup
- Export Development Canada
- ING (Steering Committee Chair)
- Itau Unibanco S/A
- Mizuho
- Standard Bank Group
- Bank of Tokyo-Mitsubishi UFJ (BTMU)
- The Royal Bank of Scotland
- UniCredit Bank AG
The role of the Chair of the EP Association Steering Committee (currently ING) is to provide co-ordination across the Steering Committee, the Working Groups and the member institutions. The EP Association Governance Rules detail the scope of the roles of the EP Association Steering Committee and Chair and how representatives are nominated and appointed.
Downloads:
Related Content:
- About The Equator Principles
- The Equator Principles & Official Translations
- History of the Equator Principles
- The Equator Principles Working Groups
- The Equator Principles Secretariat
- The Equator Principles Strategic Review
- About Adoption
- Members & Reporting
- Frequently Asked Questions
The Equator Principles Association - Governance & Management
The Equator Principles (EP) Association is the unincorporated association of member Equator Principles Financial Institutions and Associates whose object is the management, administration and development of the EPs. The EP Association was formed on 1 July 2010 and was instituted to ensure long-term viability and ease of management of the member EPFIs and Associates.
The EP Association is governed by a set of Governance Rules which provide guidance to existing and prospective Equator Principles Financial Institutions and Associates on the processes for the management, administration and development of the EPs.

The EP Association Steering Committee co-ordinates the administration, management and development of the EPs on behalf of the member Equator Principles Financial Institutions and Associates.
There are 14 members of the EP Association Steering Committee:
- Barclays plc
- Banco Bilbao Vizcaya Argentaria, S.A.
- BNP Paribas
- Credit Agricole Corporate & Investment Bank
- Credit Suisse
- Citigroup
- Export Development Canada
- ING (Steering Committee Chair)
- Itau Unibanco S/A
- Mizuho
- Standard Bank Group
- Bank of Tokyo-Mitsubishi UFJ (BTMU)
- The Royal Bank of Scotland
- UniCredit Bank AG
The role of the Chair of the EP Association Steering Committee (currently ING) is to provide co-ordination across the Steering Committee, the Working Groups and the member institutions. The EP Association Governance Rules detail the scope of the roles of the EP Association Steering Committee and Chair and how representatives are nominated and appointed.
Downloads:
Related Content:
- About The Equator Principles
- The Equator Principles & Official Translations
- History of the Equator Principles
- The Equator Principles Working Groups
- The Equator Principles Secretariat
- The Equator Principles Strategic Review
- About Adoption
- Members & Reporting
- Frequently Asked Questions





