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en/new-set-of-equator-principles-criticized-for-failing-to-uphold-indigenous-rights-and-combat-climate-change#c199430

Updated version of Equator Principles released while Standard Chartered takes up new leadership role

Author: Equator Principles Association, Published on: 26 November 2019

“A strengthened Equator Principles, and new leadership for the Association”, 18 November 2019

… the updated version of the Equator Principles (EP), EP4, was adopted by the Equator Principles Association and represent the fourth iteration of the Principles since their inception in 2003.

The intent of the Principles remains to set the financial industry benchmark for determining, assessing and managing environmental and social risk in Project Financing.

Following the commitment by the Association (in October 2017) to review and update the Eps… the Association has undertaken a process involving extensive dialogue with a wide variety of stakeholders – including its own EPFIs, EPFI clients, industry bodies, NGOs, civil society and other investors…

…  Amendments and new commitments have been made in relation to the following topics:  human rights, climate change, Indigenous Peoples and biodiversity…

These milestones come at the same time as the Association hands over leadership: Standard Chartered will be the new chair of the Equator Principles Association until 2021…

 [Also referred to Standard Bank, ING Bank, and JP Morgan]

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Related companies: ING Bank J.P. Morgan (part of JPMorgan Chase) Standard Bank Standard Chartered