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ARTICLE · 03 NOVEMBER 2022

The Equator Principles: Impacts And Mitigation Strategies For Mining Companies

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The most recent iteration of the Equator Principles, released in October 2020, has been adopted by 137 Equator Principles Financial Institutions (EPFIs) across 38...

CanadaFinance and Banking
Jennifer Wasylyk
Jennifer Wasylyk
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The most recent iteration of the Equator Principles, released in October 2020, has been adopted by 137 Equator Principles Financial Institutions (EPFIs) across 38 countries at the time of writing. In the months following the release of the updated Equator Principles, the pandemic was a primary focus and, as a result, we've only recently started to see a refocussing of lenders on the Equator Principles.

APPLICATION OF THE EQUATOR PRINCIPLES TO MINING PROJECTS

The Equator Principles are promoted as a way to ensure that projects financed by EPFIs are developed in a socially responsible and environmentally sound manner.

Companies obtaining mining project-related financing from an EPFI should expect that the Equator Principles will apply, at least to some extent. Generally mining projects will be classified as either Category A (which are projects with potential significant environmental and social (E&S) risks and/or impacts that are diverse, irreversible, or

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