Third Gen Equator Principles (EPIII) Published

EP Membership and Distribution

Equator Banks have approved a major update to the Equator Principles, referred to as EPIII. It has extended its scope to project-related corporate loans and bridge loans. Shortlink:

The goal of this updated EP framework is to provide greater consistency in implementation, enhance transparency. This includes extended reporting by Equator Banks.

According to guidance published by the Equator Principles, the effective date for EP III is 4 June 2013, coinciding with an event organized to celebrate the 10th year anniversary of the EPs.

EP Association Members have a transition period from 4 June to 31 December 2013 to implement EP III for all products in the expanded scope. These moved beyond project finance and now include bridge loans and project-related corporate loans. EP III should be applied to all new transactions from 1 January 2014.

Prizma’s team has provided numerous short courses and training sessions on the Equator Principles and IFC Performance Standards, both as open and in-house courses.

Prizma’s courses, which will be updated and re-launched in September 2013, highlight application and implication of these standards, how and where they have raised the bar for the development of bankable impact assessments, action plans and reviews by Independent Engineers.

Since 2007, this continuously updated course has been successfully delivered by Prizma numerous times, including in Canada, China, Panama, Peru,

and the UK. These courses helped participants understand:

  • Genesis, context and application of standards
  • Transitioning EIA to bankable ESIA
  • Social, resettlement & consultation requirements
  • Applying offset solutions to address biodiversity concerns
  • Due diligence process and role of Independent Engineer

Typically, Prizma’s courses include one or two  guest speakers. These have covered topics ranging from Health Impact Assessments in the context of ESIAs to challenges associated with artisanal mining.

You can access Prizma’s course brochure here or contact if you would like to express an interest to attend, host, sponsor or contribute to one of Prizma’s future training events.

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6 Comments to Third Gen Equator Principles (EPIII) Published

  1. […] « Third Gen Equator Principles (EPIII) Published […]

  2. […] Third Gen Equator Principles (EPIII) Published (contains bar chart of EP adoptions) […]

  3. […] in Panama. Our team provides environmental and social impact assessment expertise relevant to the Equator Principles. This is a credit risk management benchmark used by leading financial institutions (known as […]

  4. […] was Prizma’s third EPIII (EP3) course since the updated version of the Equator Principles was published in June 2013. Previous EPIII courses were hosted by Parsons Brinkerhoff in London and TD Bank in […]

  5. […] environmental and social aspects of the project are aligned with the IFC Performance Standards and Equator Principles.  As blogged previously, Prizma also assisted UEPI, controlled by Goldwind USA, with the […]

  6. […] in a timely manner, and better align Penonomé with the IFC Performance Standards and the Equator Principles, some additional studies and documents were completed by Prizma’s team. This was accomplished […]

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