Proposed revisions to the Equator Principles 3 include human rights, social risk, and climate change.
By James Barrett, Paul A. Davies, Joel H. Mack, and Michael D. Green
The Equator Principles Association (EP Association) recently released the draft text of the Equator Principles (EPs) version 4 (EP4). The EP Association intend the draft text to form the basis for a formal round of public consultation, led by Business for Social Responsibility™. The review of EP3 and proposed development of EP4 was originally announced in late 2017. Prior to publication of the draft EP4, environmental consultants, ERM, conducted a preliminary round of stakeholder consultation, and the results can be viewed here.
EP Association and EPs
The EP Association is the unincorporated association of member EP Financial Institutions (EPFIs). Almost 100 financial institutions across 37 countries are members, including ABN Amro, Standard Chartered plc, the Royal Bank of Scotland, Citigroup, and the Commonwealth Bank of Australia. The object of the EPFIs is to manage, administer, and develop the EPs.