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Article

14 May 2013

Author:
Equator Principles

[PDF] Banks back move to strengthen Equator Principles

Equator Principles (EP) Association Members have given overwhelming support to EP III...The vote in favour of EP III means that from 4 June 2013 more deals will be assessed under a strengthened environmental and social risk management framework. The EP framework for determining, assessing and managing environmental and social risk in project finance transactions has extended its scope to Project Related Corporate Loans and Bridge Loans, and clarifies the requirements for application to Advisory Services. Under EP III, Equator Principles Financial Institutions...will benefit from greater consistency in implementation, enhanced transparency through extended reporting and will address emerging environmental and social concerns...EP III will be formally launched on 4 June 2013 at an EP conference...in Amsterdam. [refers to ING]