Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

The Equator Principles: a Voluntary Approach by Bankers

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

Within the financial industry Corporate Social Responsibility has resulted in a number of programs and initiatives. The most prominent industry guidelines are the Equator Principles, a voluntary framework for managing environmental and social risks in Project Finance. This chapter elaborates on the role of the Environmental Impact Assessment in the context of the Equator Principles, and explains what Corporate Social Responsibility constitutes and how it came about. The principles provide a framework, which is based on the World Bank guidelines and policies and International Finance Corporation's (IFC's) Performance Standards. The chapter then focuses on the initial adoption of the Equator Principles and its actual application. These are followed by a description of the strengths and weaknesses of the principles, a case example and criticism. Finally, the chapter takes up the issue of alignment of different standards.

Keywords:corporate decision; Corporate Social Responsibility; Environmental Impact Assessment; equator principles; financial industry; international finance corporation's (IFC's) performance standards; World Bank guidelines



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    Theory and Practice of Transboundary Environmental Impact Assessment — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation