Assessment of Equator Principles and Financial Institution Needs -A Strategic Framework for Project Finance

Equator Principles (EPs) are a set of guidelines developed and adopted by a series of financial institutions for assessing and managing social and environmental issues in project financing. Established in 2003, EPs are now adopted by some 68 financial institutions from 27 countries. As more and more financial institutions join this global initiative, it is important for project owners to have a logical framework embedded into the project lifecycle to reduce the risk of non-compliance which could result in costly delays. This paper outlines a proactive approach for project developers in order to integrate environmental and social aspects into entire project lifecycle.