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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