10 Years Equator Principles: A Critical Appraisal

Karen Wendt (ed.) (2015): Responsible Investment Banking. Risk Management Frameworks, Sustainable Financial Innovations and Softlaw Standards; Cham, Springer; 475-503.

32 Pages Posted: 18 Nov 2013 Last revised: 8 Jul 2015

Multiple version iconThere are 2 versions of this paper

Date Written: November 17, 2013

Abstract

4 June 2013 marked the formal launch of the third generation of the Equator Principles (EP III) and the tenth anniversary of the EPs – enough reasons for evaluating the EPs initiative from an economic ethics and business ethics perspective. This chapter deals with the following questions: What has been achieved so far by the EPs? Which reform steps need to be adopted to further strengthen the EPs framework? Can the EPs be regarded as a role model in the field of sustainable finance and CSR? The first part explains the term EPs and introduces the keywords related to the EPs framework. The second part summarises the main characteristics of the newly-released third generation of the EPs. The third part critically evaluates EP III from an economic ethical and business ethics perspective. The chapter concludes with a summary of the main findings.

Keywords: Equator Principles, Equator Principles Association, project finance, reputational risk, corporate social responsibility, sustainable finance, multinational companies/business and human rights

Suggested Citation

Wörsdörfer, Manuel, 10 Years Equator Principles: A Critical Appraisal (November 17, 2013). Karen Wendt (ed.) (2015): Responsible Investment Banking. Risk Management Frameworks, Sustainable Financial Innovations and Softlaw Standards; Cham, Springer; 475-503.. Available at SSRN: https://ssrn.com/abstract=2355962 or http://dx.doi.org/10.2139/ssrn.2355962

Manuel Wörsdörfer (Contact Author)

University of Maine ( email )

Orono, ME 04469
United States

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