Launch of Equator Principles III Delayed to July 2012
Today, the Equator Principles Association announced a delay to the development and launch of the Equator Principles III Update. The new launch date is currently set for July 2012. The updated development, consultation and launch schedule is shown below:
- EPA consultation and drafting of the EP III - September 2011 - March 2012
- External stakeholder consultation and public comment process - March - April 2012
- Finalisation and launch of the EP III framework - May - July 2012
However, the Equator Principles Association noted also that the above timeline might be subject to further extension if deemed necessary. What impacts do you expect from this delay on your project development, bankable ESIA/Feasibility studies, financial advisory services and investment decisions? Will the leaders in the EPA abandoned the laggards in their group, beef up their approaches and external reporting without any further delays?
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