Transitioning from EPII to EPIII is a bit like a Green Bay Packer Game
Don’t let the Mexican wave distract you from the game at play on the field now. (Shortlink: http://wp.me/p27qSt-AB)
Yesterday, I was watching a pre-season American football game between the
Staying with metaphors borrowed from American football, a game my kids continue to try to explain to me, one could punt this question in several different directions. First, I assume that this is a project-specific question and not simply one derived from an academic interest in EPIII. So the purpose and timing of the ESIA, project review (by an Independent Environmental and Social Consultant or Independent Engineer) and expected funding (sources/timing) will be key points to consider in answering Cristian’s question. Presumably, the objective of the ESIA/Additional Disclosure Package and/or Independent Review is to satisfy the requirements of investors which might include Equator Banks, Export Credit Agencies and/or Multilateral Financial Institutions.
Let’s step back from the excitement of the recent introduction of EPIII – which seems a bit like the Mexican Wave distracting everyone from the game at play on Packer’s Lambeau Field - and look at when EPIII actually has to be applied. The
Generally speaking, this would mean that for projects which are currently under review by Equator Banks the definitions provided in EPII still apply. This also means that the Equator Principles Associations has until the end of 2013 to review and update its list of
What is your take on
Allow me to also to pass along the information about Prizma's training courses on the Equator Principles and IFC Performance Standards. The next 1-day courses will be held in London (23 Sept 2013, hosted by Parsons Brinkerhoff) and Toronto (29 Oct 2013, hosted by TD Bank) and you can access the course brochure