Are the Equator Principles Greenwash or Game Changers? Effectiveness, Transparency and Future Challenges

Ariel Meyerstein ()
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Ariel Meyerstein: United States Council for International Business

A chapter in Responsible Investment Banking, 2015, pp 267-284 from Springer

Abstract: Abstract This chapter will focus on an overall assessment of implementation of the Equator Principles (“EPs”) based on survey research from participating banks—Equator Principle Financial Institutions (“EPFIs”). It documents both how individual institutions have changed their organizational structures, policies and procedures following their decisions to adopt the EPs and how they have contributed to the growth and evolution of the regime. These measures, however, are not perfect proxies for “on the ground” performance, so the chapter also addresses the related issues of transparency and enforcement and proposes additional institutional structures that the EPFIs could adopt to enhance the EPs’ effectiveness.

Keywords: Commercial Bank; Social Risk; Project Finance; Equator Principle; International Finance Corporation (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-319-10311-2_16

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DOI: 10.1007/978-3-319-10311-2_16

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