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ARTICLE · 27 JUNE 2014

Equator Principles Banks: The New Global Regulators

So, you are confident you can make a business case to your financier as to why they ought to invest in your mining project.

CanadaEnvironment

So, you are confident you can make a business case to your financier as to why they ought to invest in your mining project. You are also sure your project will meet regulatory requirements of local governments. It is a good start, but thanks to a paradigm shift in global regulation of mining activity, it is probably not enough. To get a project off the ground, many mining proponents will also need to demonstrate compliance with the environmental and social regulations of their financiers in accordance with the Equator Principles (EP).

What are the Equator Principles?

The EP is an agreement amongst more than 75 of the world's leading banks and financial institutions to apply international regulations and conduct due diligence to manage "environmental" (meaning resource efficiency, pollution prevention, biodiversity and management of living natural resources) and "social" (meaning labour, OHS, indigenous rights, human rights, resettlement and cultural heritage) risks

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