Developed in 2002 by a group of banks, these guidelines are a framework for addressing environmental and social risks in project financing. The purpose of the principles is to screen projects for adverse environmental or human affects in order to safeguard communities and natural habitats. Financial institutions who sign-on to the principles agree not to finance projects that fail to meet these screens. These principles classify projects into three categories depending on these effects and the need to address them.
More information: www.equator-principles.com
The Dictionary of Sustainable Management [online] Available from: http://www.sustainabilitydictionary.com/ (accessed 8-28-16)