Who and where are the Equator Banks? - IILJ

=
oÉÅçããÉåÇ~íáçåë=Ñçê=bèì~íçê=_~åâë=EÅçåíáåìÉÇF=
• Adopt a conservative approach to the categorisation of a project with
project sponsors and the sponsors’ legal, financial and technical
advisers -where there is any doubt about which category a project falls
into, apply a presumption which reflects the precautionary principle
that the project falls into the higher or more onerous category.
• Rely on the bank’s internal screening process and the advice of its legal
and technical experts to assess the appropriate category of an Equator
Principles project rather than relying upon a categorisation adopted by
sponsors or others.
• When acting as arranging banks or as financial advisers, enter into
dialogue with sponsors on Principles issues as early as possible in the
project cycle, in particular where syndication to Equator Banks (or
other banks) is likely.
• Encourage sponsors to be as transparent as practicable about their
projects and particularly in respect of EMPs.
• Consider lowering or abolishing the $50m threshold.
• Not to delegate the role of Environment Bank to a non-Equator Bank,
except in exceptional circumstances.
• If possible, ensure that the Environment Bank has experience of
funding projects of the type in question and of the application of the
Principles to such projects.
• Arrange for a sample of Principles projects to be audited externally to
identify any shortcomings in or possible improvement to
implementation of the Principles.
• Appoint external advisers to review the rules, policy and procedures
that underpin the Principles, following the example of JBIC.
• Continue and develop dialogue with stakeholders and NGOs and
encourage sponsors to do so.
qÉÅÜåáÅ~ä=êÉÅçããÉåÇ~íáçåë=
• Require a borrower to warrant that all social and environmental reports
of which it is aware were disclosed to the borrower’s technical
advisers.
• Require a borrower to warrant that all relevant social and
environmental reports have been disclosed by it and its technical
advisers to the participating banks and their technical advisers.
OS= bèì~íçê=mêáåÅáéäÉë=pìêîÉó=OMMR=Ó=pìãã~êó=oÉéçêíW=m~êí=f=Ó=qÜÉ=_~åâë=
cêÉëÜÑáÉäÇë=_êìÅâÜ~ìë=aÉêáåÖÉêI=cÉÄêì~êó=OMMR=