Who and where are the Equator Banks? - IILJ
Who and where are the Equator Banks? - IILJ
Who and where are the Equator Banks? - IILJ
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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 />
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