The Equator Principles framework consists of 10 Principles.

What is equator Principle 4?

EP4 strengthens and enhances the assessment of Human Rights impacts of projects from previous versions of the Equator Principles by mandating that a Human Rights Risk Assessment be done, commensurate with the risk categorization of the given project, based on the United Nations Guiding Principles on Business and Human …

What is Equator Principles action plan?

The Equator Principles is a risk management framework, adopted by financial institutions, for determining, assessing and managing environmental and social risk in project finance. It is primarily intended to provide a minimum standard for due diligence to support responsible risk decision-making.

Why is it called Equator Principles?

The initial founders of the Equator Principles (EPs) wanted the adoption of the EPs to be a globally applicable (to financial institutions in the northern and southern hemispheres) and the equator seemed to represent that balance perfectly – hence the name, Equator Principles.

Who uses Equator Principles?

Westpac
In 2003, Westpac was one of 10 founding signatories globally, and the only Australian signatory, to the Equator Principles, a risk management framework adopted by financial institutions for determining, assessing and managing environmental and social risk in development projects.

How many banks have adopted the Equator Principles?

126 financial institutions in 38 countries have officially adopted the Equator Principles.

What are the Poseidon principles?

The Poseidon Principles are a global framework for assessing and disclosing the climate alignment of financial institutions’ shipping portfolios. They establish a common, global baseline to quantitatively assess and disclose whether financial institutions’ lending portfolios are in line with adopted climate goals.

Which country is closest to the equator?

13 Countries That Lie on the Equator

  • São Tomé and Principe.
  • Gabon.
  • Republic of the Congo.
  • The Democratic Republic of the Congo.
  • Uganda.
  • Kenya.
  • Somalia.
  • Maldives.

What is EEXI?

In principle, the EEXI describes the CO2 emissions per cargo ton and mile. It determines the standardized CO2 emissions related to installed engine power, transport capacity and ship speed. The EEXI is a design index, not an operational index.

Who discovered the equator?

WHO INVENTED THE EQUATOR? No one discovered the equator because it is just a line on a map, but a team of French explorers mapped it in 1736. A woman pushes down on the North Pole on a globe of the world, which is a good way to imagine the real shape of the Earth, bulging a little around the equator.