ABSTRACT

This chapter discusses the Equator Principles Financial Institutions (EPFIs) that represents all continents, including banks in Africa and China, and a broad range of financial institutions including export credit agencies and development finance institutions. With the adoption of the Equator Principles, these changed and financial institutions took responsibility for setting clear and consistent rules for environmental and social risk management in project finance lending. The Equator Principles Association needs to advance as an organization and create a sustainable platform for its success and continued development. The social and environmental policies and guidelines are drawn from the World Bank Group while the process steps are contained in the Equator Principles themselves. The International Finance Corporations (IFCs) Performance Standards (PS) is the basis of the policy standards that the borrower is to meet throughout the life of the project and cover cross cutting environmental and the social issues.