The Equator Principles: Drawing the line for socially responsible banks? An interim review from an NGO perspective
Andreas Missbach
Abstract
In June 2003 leading investment banks announced the adoption of the Equator Principles, a voluntary set of guidelines developed by the banks for managing social and environmental issues related to the financing of infrastructure projects. Andreas Missbach discusses the Equator Principles comparing them with a broader NGO-vision on sustainable finance (The Collevecchio Declaration). He shows that there are ways of implementing the Principles in order to make a difference.
Development (2004) 47, 78-84. doi:10.1057/palgrave.development.1100069
Keywords
project finance; safeguard measures; The Collevecchio Declaration
