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2015 | OriginalPaper | Buchkapitel

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

verfasst von : Ariel Meyerstein

Erschienen in: Responsible Investment Banking

Verlag: Springer International Publishing

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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.

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Vorheriges Kapitel The Global Reporting Initiative Guidelines and External Assurance of Investment Bank Sustainability Reports: Effective Tools for Financial Sector Social Accountability?
Nächstes Kapitel An Investigation on Ecosystem Services, the Role of Investment Banks, and Investment Products to Foster Conservation
Fußnoten
1
With respect to climate change, the NGOs are concerned that the analysis for less Greenhouse Gas (GHG) intensive alternatives to be conducted for projects with more than 100,000 tonnes of CO2 omissions does not obligate project developers to choose the less GHG-intensive alternative. They also note that the threshold for reporting (100,000 tonnes annually) to be ‘far higher’ than the 25,000 tonnes threshold in the IFC Performance Standards. Moreover, ‘[g]iven the absence of any obligatory reduction targets over time, such reporting requirements alone will also do little to nothing to reduce emissions’ (Banktrack 2012).
 
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Metadaten
Titel
Are the Equator Principles Greenwash or Game Changers? Effectiveness, Transparency and Future Challenges
verfasst von
Ariel Meyerstein
Copyright-Jahr
2015
Buch
Responsible Investment Banking

Print ISBN: 978-3-319-10310-5

Electronic ISBN: 978-3-319-10311-2

Copyright-Jahr: 2015

DOI
https://doi.org/10.1007/978-3-319-10311-2_16