The purpose of this Newsletter is to direct those of you interested in the Equator Principles (Issues: Finance, p180) to the article in the url link below:
“The Equator Principles are a set of social and environmental standards for project finance. Banks signed up to the principles pledge to consider the impacts a proposed project, such as a mine, might have on the local environment and communities. The banks promise to make action to address these impacts a condition of their lending money to the borrower, or project sponsor, such as a mining company.”
The invited debate between Johan Frijns of BankTrack (http://www.banktrack.org/) and Leo Johnson of Sustainable Finance (http://www.sflnet.com/) was designed to mark the fifth anniversary of the introduction of the Equator Principles in 2003. The debate highlights some of the key successes and remaining problems associated with the program.
Take care
Dave
Bill Werther & David Chandler
Strategic Corporate Social Responsibility
© Sage Publications, 2006
http://www.sagepub.com/Werther
Ethical Corporation: Not an oxymoron
By Invitation: Debate, project finance
The Equator Principles – Is it a happy fifth birthday for the Equator Principles?
No, still need to do better, says Johan Frijns, BankTrack. Yes, many happy returns, says Leo Johnson, director Sustainable Finance
July 7, 2008
http://www.ethicalcorp.com/content.asp?ContentID=5989
