Why does the equator have principles?
The Equator Principles (EPs) is a risk management framework adopted by financial institutions for determining, assessing and managing environmental and social risk in projects. It’s primarily intended to provide a minimum standard for due diligence and monitoring to support responsible risk decision-making.
Who developed the Equator Principles?
the World Bank’s International Finance Corporation
The Equator Principles were first established in association with the World Bank’s International Finance Corporation (IFC) in 2003 and since then have been adopted by nearly 50 banks around the world, covering in excess of 85% of the global project finance market.
When were the Equator Principles adopted?
Based on sustainability standards from the International Finance Corporation (IFC) and launched in 2003, the Equator Principles have become a quasi standard for the financial industry and as of May 2012, 77 financial institutions had adopted the framework.
How many banks have adopted the Equator Principles?
126 financial institutions
126 financial institutions in 38 countries have adopted the Equator Principles, and the table below provides a list of all current Equator Principles Financial Institutions (EPFIs) with links to their annual ‘EPFI Reporting’.
What is the designation of the equator?
The 0° parallel of latitude is designated the Equator, the fundamental plane of all geographic coordinate systems.
What is on the equator?
Theequatorpasses through 13 countries: Ecuador, Colombia, Brazil, Sao Tome & Principe, Gabon, Republic of the Congo, Democratic Republic of the Congo, Uganda, Kenya, Somalia, Maldives, Indonesia and Kiribati.
How many banks have adopted the equator Principles?
What are the Poseidon principles?
Signatories are required to report their portfolio alignment score on an annual basis. All Signatories’ scores will be published annually by the Secretariat of the Poseidon Principles.
Which of the following companies institution is a signatory to the Equator Principles?
Please read the important notes and disclaimer for further information on ‘EPFI Reporting’, compliance and publication on the Equator Principles Association website….EP Association Members & Reporting.
| Institution | ABN Amro |
|---|---|
| Adoption Date | 03-Aug-09 |
| Country of Headquarters | The Netherlands |
| Region of Headquarters | Europe |
| Current EPFI Reporting | 2020 |
What are the principles of the Equator Principles?
The Equator Principles (EPs) is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in projects.
How are EPFIs related to the Equator Principles?
This brief video provides an orientation to the Equator Principles and the association of members who manage them. Equator Principles Financial Institutions (EPFIs) apply EPs to new projects (globally and across all industry sectors) financed by five financial products: – Project-Related Refinance, and Project-Related Acquisition Finance.
When was the Equator Principles Association ( EP ) formed?
The Equator Principles (EP) Association is the unincorporated association of member Equator Principles Financial Institutions (EPFIs) whose object is the administration, management and development of the EPs. It was formed in July 2010 and was instituted to ensure long-term viability and ease of management of the member EPFIs.