Equator Principles III Demand Deeper Due Diligence
July 17, 2013, 1:16 PM EDT
Law360, New York (July 17, 2013, 1:16 PM EDT) -- The equator principles (EP) is an agreement among 79 global financial institutions (known as EP financial institutions or EPFI) to apply environmental and social standards to certain investment decisions. The third iteration of the EP (EP III) was released on May 14, 2013, and took effect (with certain transition allowances) on June 4, 2013.
The release of EP III follows a major revision of the International Finance Corporation performance standards on environmental and social sustainability in 2012, a set of guidelines that is incorporated by reference...