The Equator Principles have two big problems: a fossil-fuel problem and an accountability problem
The Equator Principles have been adopted by more than 130 banks in 38 countries as their set of rules for managing the environmental and social risks of large infrastructure and industrial projects that they finance. These types of projects can have serious and irremediable impacts on people and the planet, so the Equator Principles have a vital job to do. Unfortunately, they have two big problems that prevent them from doing it well.
Read the full article on BankTrack’s blog here.