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ARTICLE · 29 SEPTEMBER 2020

Version Four Of The Equator Principles: Additional Due Diligence Requirements For Project Financing

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The Equator Principles (EPs) is a set of ten voluntary principles or guidelines established to assist financial institutions with identifying, assessing and managing environmental and social risk...

CanadaFinance and Banking
Karen J. Dawson
Karen J. Dawson
Christopher Porter
Christopher Porter
J. Steven Lutz
J. Steven Lutz
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The Equator Principles (EPs) is a set of ten voluntary principles or guidelines established to assist financial institutions with identifying, assessing and managing environmental and social risk in international and domestic project finance. The EPs have been officially adopted by over 100 global financial institutions (EPFIs). Revised twice since their establishment in 2003 (in 2006 and then again in 2013), the fourth version of the EPs, known as EP4, becomes effective on October 1, 2020, after the Equator Principles Association granted a three-month extension from the original date of commencement of July 1, 2020, due to COVID-19.

The main changes to the risk management framework under EP4 include:

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