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Equator Principles Track and Chase Project

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Starting 2016, BankTrack has launched the ‘Equator Principles Track and Chase Project' (EPTC Project). With this project, we aim to strengthen public scrutiny of the activities of the Equator Principles Association and the way individual Equator Principles Financial Institutions implement the EPs in their financing of projects.

With the EPTC, BankTrack will help ensure that the Equator Principles (EPs) deliver on their stated objective that banks when financing projects provide effective safeguards for the rights and interests of affected communities, and for the protection of the environment. We will do so by:

  • actively engaging with the EP Association and individual EPFIs on the implementation and strengthening of the Principles;
  • providing support to communities that are - going to be - affected by projects financed under Equator;
  • assessing compliance of specific projects financed under EPs, take action when this is not the case;
  • training civil society groups on the use of the EPs in advocacy work.

The Equator Principles

The Equator Principles are a risk management framework, created and adopted by financial institutions, for determining, assessing and managing environmental and social risks in financing projects. Currently, 83 Equator Principles Financial Institutions (EPFIs) in 36 countries worldwide have officially adopted the EPs, covering over 70 percent of international Project Finance debt in emerging markets. Over the years, the Principles have become the de facto standard for all banks and investors on how to deal with potential and environmental effects of large scale projects to be financed. They have been launched in 2003, revised in 2006 and again in 2014, being the EPIII nowadays.

EPFIs commit themselves to implement the EPs in their internal environmental and social policies, procedures and standards for financing projects. According to the Principles, an EPFI will not provide finance services where the client will not, or is unable to, comply with the EPs.

The EPs consist of 10 different Principles, as to be seen in the figure below as well. The principles are applicable for the following types of finance: project finance, project-related corporate loan, project finance advisory services and bridge loans.

Project level implementation

The EP website provides an overview of projects financed under Equator here. BankTrack also keeps track of Equator projects that we consider problematic investments. For an overview see the 'Dodgy Deal' tab above.

All EPFIs are members of the Equator Principles Association. Its objective is the management, administration and development of the Principles. The Association is required to publish and keep up to date the reporting of its own members, and publish an overview of the projects financed by the EPFI under project finance.

BankTrack contact person:

Karen Vermeer

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BankTrack contact person:

Karen Vermeer

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check dodgy deals on record

BankTrack contact person:

Karen Vermeer

2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004

BankTrack contact person:

Karen Vermeer

BankTrack contact person:

Karen Vermeer

BankTrack contact person:

Karen Vermeer

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