equator principles

Sixteen financial institutions which have adopted the Equator Principles and representatives of 13 NGOs met in London in July to review progress on implementing the Principles. The Equator Principles are a set of guidelines for financial institutions in determining, assessing and managing environmental and social risk in project financing. The NGOs were able to raise issues such as uneven implementation by different banks and concerns over consistency in categorising projects for environmental risk.

 

NGOs and the banks expressed the view that the meeting was a success and an excellent dialogue as a group. They agreed to meet again in January 2005 and will work on three issues in the interim: use of the equator-principles.com website as a source of information on implementation practices; transparency and reporting; and how and when NGOs can get involved and add value.

More information is available at www.equator-principles.com