24.01.2014 Views

Who and where are the Equator Banks? - IILJ

Who and where are the Equator Banks? - IILJ

Who and where are the Equator Banks? - IILJ

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

=<br />

fåíêçÇìÅíáçå<br />

This is a summary report of <strong>the</strong> results of a survey into <strong>the</strong> impact of <strong>the</strong><br />

<strong>Equator</strong> Principles on <strong>the</strong> lending practices of <strong>the</strong> banks that have adopted<br />

<strong>the</strong>m. Members of our London environmental, planning <strong>and</strong> regulatory<br />

group carried out <strong>the</strong> survey, with <strong>the</strong> assistance of partners <strong>and</strong> associates<br />

in <strong>the</strong> firm’s project finance group. The summary report is very much a<br />

work in progress.<br />

The survey was conducted first, by means of specially tailored<br />

questionnaires addressed to <strong>the</strong> major project finance banks (both <strong>Equator</strong><br />

<strong>Banks</strong> <strong>and</strong> o<strong>the</strong>rs); sponsors of major projects, ethical funds, consultants,<br />

<strong>and</strong> public bodies; <strong>and</strong> environmental <strong>and</strong> o<strong>the</strong>r non-government<br />

organisations (NGOs) (including some which specifically monitor <strong>the</strong><br />

activities of banks). Secondly, a series of interviews was conducted with<br />

leading figures at <strong>the</strong> <strong>Equator</strong> <strong>Banks</strong>, non-<strong>Equator</strong> <strong>Banks</strong>, sponsors, NGOs,<br />

trade associations, law firms, accountancy firms, public bodies <strong>and</strong><br />

consultancies experienced in implementing <strong>and</strong> advising on <strong>the</strong> <strong>Equator</strong><br />

Principles. In some cases, it was possible to obtain good quality information<br />

in a single interview. However, in some cases more than one interview was<br />

carried out with <strong>the</strong> same person or with several people at one institution<br />

not only to fill in information gaps or deficiencies in knowledge but<br />

because we found that <strong>the</strong>y had important insights <strong>and</strong> valuable knowledge<br />

of aspects of <strong>the</strong> evolution, drafting, implementation or impact of <strong>the</strong><br />

<strong>Equator</strong> Principles.<br />

In this summary report, we have not identified any participants or<br />

organisations or attributed views or quotations to any participant <strong>and</strong> we<br />

have not cited more than a h<strong>and</strong>ful of written or electronic sources.<br />

We acknowledge gratefully <strong>the</strong> assistance of all those who participated in<br />

<strong>the</strong> survey.<br />

N= bèì~íçê=mêáåÅáéäÉë=pìêîÉó=OMMR=Ó=pìãã~êó=oÉéçêíW=m~êí=f=Ó=qÜÉ=_~åâë=<br />

cêÉëÜÑáÉäÇë=_êìÅâÜ~ìë=aÉêáåÖÉêI=cÉÄêì~êó=OMMR=

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!