What is the Equator Principles Association?

The Equator Principles is a risk management framework adopted by financial institutions, for determining, assessing and managing environmental and social risk in project finance. It is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making.

What is Equator Principle 4?

EP4 strengthens and enhances the assessment of Human Rights impacts of projects from previous versions of the Equator Principles by mandating that a Human Rights Risk Assessment be done, commensurate with the risk categorization of the given project, based on the United Nations Guiding Principles on Business and Human …

Why does the equator have principles?

Equator Principles (EPs) are a set of voluntary guidelines adopted by financial institutions to ensure that large scale development or construction projects appropriately consider the associated potential impacts on the natural environment and the affected communities.

How many Equator Principles are there?

The Equator Principles framework consists of 10 Principles.

When were the Equator Principles established?

The Equator Principles (EPs), launched in 2003, are a financial industry benchmark for managing environmental and social risks (see www.equator-principles.com).

Are Equator Principles effective?

Over the past 15 years, the Equator Principles have improved labor standards and environmental practices, and strengthened engagement with indigenous peoples and local communities.

How many principles does the Equator Principles have?

10 Principles
The Equator Principles framework consists of 10 Principles.

When were the Equator Principles adopted?

Based on sustainability standards from the International Finance Corporation (IFC) and launched in 2003, the Equator Principles have become a quasi standard for the financial industry and as of May 2012, 77 financial institutions had adopted the framework.

Who created equator?

The Chinese placed the equator on their imaginary flat earth more then 4,000 years ago. Around 500 B.C., the Greek genius Pythagoros figured the accurate location of the equator on the round globe.

Why is it called equator?

The name is derived from medieval Latin word aequator, in the phrase circulus aequator diei et noctis, meaning ‘circle equalizing day and night’, from the Latin word aequare ‘make equal’.

Who invented equator?

The Equator was discovered and mapped out by a French geodesic expedition team that was led by an explorer named Charles-Marie de La Comdamine in the year 1736. La Condamine spent 10 years in Ecuador taking measurements and proved that the world is not perfectly round, but that it bulges at the equator.