The launch of the third version of the Equator Principles calls on banks to consider human rights risks, Citi's Shawn Miller [managing director of environmental and social risk management] tells Jennifer Kho what this means for project developers...Citi has played a leading role in the development of the Equator Principles, becoming the first US bank to come up with environmental and social standards back in 2003, and one of the first US banks to issue a public human-rights statement in 2007...[A]s banks want to make sure our clients are...adhering to...nationally and internationally accepted standards so that opposition is not intense and so that they're really able to get their social license to operate...This responsibility is actually during the life of the loan...so we have the ability to secure ongoing monitoring...It is hard [to address human rights], but I think the Equator and UN guiding principles do provide a framework and language for businesses to speak about human rights. That's been very helpful for us...I think that many corporations and banks understand that, in today's world, solely meeting local laws may not be sufficient to gain a social license to operate and, frankly, to manage the risk, which is key.